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Phase 3

 Essay in Chapter 3

Chapter 3

Work out 3-1 (10 minutes)

The estimated total manufacturing overhead cost is computed as follows:

Sumado a = $466, 000 + ($3. 00 per DLH)(40, 000 DLHs)

Estimated set manufacturing overhead

$466, 000

Estimated varying manufacturing over head:

$3. 00 per DLH × 40, 000 DLHs

one hundred twenty, 000

Estimated total production overhead price

$586, 500

The predetermined overhead price is computed as follows:

Estimated total manufacturing overhead

$586, 000

÷ Estimated total direct labor hours (DLHs)

40, 000

DLHs

= Predetermined over head rate

$14. 65

per DLH

Exercise 3-2 (10 minutes)

Actual direct labor-hours

12, six-hundred

× Predetermined overhead rate

$23. 15

= Making overhead utilized

$291, 060

Exercise 3-3 (10 minutes)

1 . Total direct labor-hours required for Work A-200:

Immediate labor cost

$120

÷ Direct labor wage rate per hour

$12

= Total direct labor hours

twelve

Total manufacturing cost assigned to Task A-200:

Direct materials

$200

Direct labor

120

Developing overhead used

($18 per DLH × 10 DLHs)

one hundred and eighty

Total developing cost

$250

2 . Product product cost for Work A-200:

Total manufacturing expense

$500

÷ Number of products in the task

50

sama dengan Unit product cost

$12

Exercise 3-6 (20 minutes)

1 .

Expense of Goods Created

Direct supplies:

Raw materials products on hand, beginning

$24, 000

Add: Purchases of raw materials

53, 000

Total raw materials available

77, 1000

Deduct: Raw materials inventory, ending

6, 500

Raw materials employed in production

71, 000

Take: Indirect components included in making overhead   8, 000

$ 63, 000

Direct labor

62, 000

Making overhead used on work in procedure inventory

forty one, 000

Total manufacturing costs

166, 000

Add: Beginning work in method inventory

forty one, 000

207, 000

Take: Ending operate process products on hand

38, 000

Cost of goods manufactured

$169, 000

2 .

Cost of Goods Sold

Completed goods inventory, beginning

$ 86, 000

Put: Cost of products manufactured

169, 000

Cost of goods available for purchase

255, 000

Deduct: Finished goods inventory, ending

93, 000

Unadjusted cost of products sold

162, 000

Add: Underapplied over head

8, 500

Adjusted cost of goods sold

$170, 000

Exercise 3-7 (10 minutes)

1 .

Real direct labor-hours

8, two hundred fifty

× Established overhead rate

$21. forty

= Making overhead utilized

$176, 550

Less: Production overhead sustained

172, five-hundred

Manufacturing overhead overapplied

$   4, 050

2 . Because developing overhead can be overapplied, the cost of goods offered would decrease by $4, 050 and the gross perimeter would increase by $4, 050. Physical exercise 3-8 (30 minutes)

1 .

Cost of Merchandise Manufactured

Direct materials:

Unprocessed trash inventory, commencing

$  8, 000

Add: Purchases of raw materials

132, 500

Total unprocessed trash available

150, 000

Deduct: Raw materials inventory, ending

twelve, 000

Recycleables used in creation

130, 000

Direct labor

90, 1000

Manufacturing overhead applied to work in process products on hand

210, 1000

Total making costs

430, 000

Add: Beginning operate process products on hand

5, 500

435, 000

Deduct: Stopping work in procedure inventory

20, 000

Expense of goods produced

$415, 500

2 .

Cost of Goods Offered

Finished goods inventory, start

$ 70, 1000

Add: Expense of goods manufactured

415, 500

Cost of products available for sale

485, 000

Deduct: Finished goods inventory, finishing

25, 1000

Unadjusted cost of goods sold

460, 500

Add: Underapplied overhead

12, 000

Adjusted cost of items sold

$470, 000

3.

Eccles Organization

Income Declaration

Sales

$643, 000

Expense of goods offered ($460, 000 + $10, 000)

470, 000

Low margin

173, 000

Selling and administrative expenses:...

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