416 10 min Job order costing process costing a Job costing l Job costing b

# 416 10 min job order costing process costing a job

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4.16(10 min) Job order costing, process costing. a. Job costing l. Job costing b. Process costing m. Process costing c. Job costing n. Job costing d. Process costing o. Job costing e. Job costing p. Job costing f. Process costing q. Job costing g. Job costing r. Job costing h. Job costing s. Job costing i. Process costing t. Process costing j. Process costing u. Job costing k. Job costing 4-17 (20 min.) Actual costing, normal costing, accounting for manufacturing overhead. 1. Budgeted manufacturing overhead rate = costs labor ing manufactur direct Budgeted costs overhead ing manufactur Budgeted = \$2,700,000 \$1,500,000 = 1.80 or 180% rate overhead ing manufactur ctual A = costs labor ing manufactur direct Actual costs overhead ing manufactur Actual = \$2,755,000 \$1,450,000 = 1.9 or 190% 4-3 4-4 4-18 (20 -30 min.) Job costing, normal and actual costing. 1. Budgeted indirect- cost rate = Budgeted indirect costs (assembly support) Budgeted direct labor-hours = \$8,000,000 160,000 hours = \$50 per direct labor-hour Actual indirect- cost rate = Actual indirect costs (assembly support) Actual direct labor-hours = \$7,614,000 162,000 hours = \$47 per direct labor-hour These rates differ because both the numerator and the denominator in the two calculations are different—one based on budgeted numbers and the other based on actual numbers. 2a. Laguna Model Mission Model Normal costing Direct costs Direct materials Direct labor Indirect costs Assembly support (\$50 920; \$50 1,040) Total costs \$106,650 36 ,276 142,926 46 ,000 \$188 ,926 \$127,970 41 ,750 169,720 52 ,000 \$221 ,720 2b. Actual costing Direct costs Direct materials Direct labor Indirect costs Assembly support (\$47 920; \$47 1,040) Total costs \$106,650 36 ,276 142,926 43 ,240 \$186 ,166 \$127,970 41 ,750 169,720 48 ,880 \$218 ,600  • • • 