Escolar Documentos
Profissional Documentos
Cultura Documentos
Summary of Answers
TM3 TM4 TM5
1. B 11. A 1. 0.6125 11.80000 , 56000 1.71666.67
2. A 12. C 2. 3675 12.95000 2.73333.33
3. B 13. A 3.356280 13.9600 3.71000
4. B 14. E 4. 5000 14.3.42 4.11 700 , 10 000
5. A 15. B 5.N/A 15.3.99 5. N/A
6. A 16. A 6.48600 16.N/A 6. N/A
7. E 17. C 7.203000 17.N/A 7. N/A
8. E 8.8.9 18.80 800, 85 600, 86 400 8.42500 , 45 500
9. C 9.45320 19.N/A 9. N/A
10.E 10.1500 20.N/A 10.N/A
Exercise 7-1
1.M 25000 3. 29.97 6.A 16.A 4.B
L 23400 4. 1 285 000 7.D 5.B
O 23400 5.1 075 175 8.A Problems 7-1 to 6.E
2. 4.07 9.C .Problem 7-4 7.D
3.93610 Exercise 7-6 10.A (table) 8.C
4. 4700 1.C 11.D 9.C
2..D 12.B TM1 10.D
Exercise 7-4 3.C 13.C 1.B 11.A
1. 35 000 4.C 14.B 2.B 12.A
2. 32 500 5.B 15.C 3.A 13.D
EXERCISE 7-1
EUP
1 Actual Units Materials Labor Overhead
Assignment of Costs
Work in process, beginning cost P 8325
Materials (500x10x18) P 90000
Conversion 40000 130000
Total Costs 138325
Work in process, end.
Materials (800x10x18) 144000
Conversion (800x75%x80)= 3000/2 15000 159000
Total Costs as Accounted 297325
2. A
Transferred Out 10,000
WIP, end 7,000
Total units to be accounted for 17,000
3. C Materials CC
Beginning Invty. -
Started 10,000
Total Units to account for 10000
4. C Materials CC
WIP, beg 40,000
Started 240,000
Units to account for 280,000
5. B Materials
WIP, beg. 17,000
Started 82,000
Units Account to for 99,000
Transferred Out 85,000 85,000
WIP, end 14,000 14,000
Units accounted for 99,000 99,000
Cost
Beginning 12,800
Current 69,700
Total 82,500
Divide by: 99,000
Cost per EUP 0.833
6. D CC
WIP, beg. 15,000
Started 42,000
Units to account for 57,000
7. D
Materials ( 0*100) 0
CC (4,000*40%*30) 4,800
Transferred In (4,000*5) 20,000
Costs assigned to WIP, end 24,800
8.C
WIP, beg. 7,000
Started 32,000
Units to account for 39,000
less: WIP, end 2,500
Transferred out 36,500
9. B &
10. A Materials CC
WIP, beg. 7,000
Started 32,000
Units Account to for 39,000
WIP,beg. 7,000 - 4,200
Transferred Out 29,500 29,500 29,500
WIP, end 2,500 2,500 625
Units accounted for 39,000 32,00 34,325
11. D &
12. B Materials CC
Transferred Out 36,500 36,500 36,500
WIP, end 2,500 2,500 625
Units accounted for 39,000 39,000 37,125
Problem1
EUP
Actual Units Materials Labor Overhead
WA FIFO WA FIFO WA FIFO
WIP, beg 3600
Started 7800
Units accounted for 11400
FIFO method:
WIP, beg 16000
Cost to be done:
Mat (3000x22.62) 67800
Labor( 2700x12.25) 33075
OH (2400x5.63) 13512
started andcompleted 243000
transferred out 373447
Mat 8143
Labor 7350
OH 1126
WIP, end 16619
PROCESS 2
EUP
Actual Units Materials Labor Overhead
WA FIFO WA FIFO WA FIFO
WIP, beg 1200
Started 9600
Units accounted for 10800
FIFO method:
WIP, end
Mat. (400x7.08) 2832
Labor (800x17.25) 13800
OH( 600x 34.76) 20856
37488
Problem 7-4
Solution:
(1-5)
Materials CC
F&T: IP, beg 18 000 0 4500
Started & Completed 55 800 55 800 55 800
IP, end 6 000 6000 1500
Spoiled Units: normal 4500 3 090 3 090
Abnormal 1 410 1 410
As accounted 84 300 66 300 66 300
Test Material 1.
1. B Materials CC
Completed and Transferred 190,000 190,000
IP, end 30,000 24,000
EUP 220,000 214,000
Costs: Materials
IP, beg. 67,800
Current 579,000
Total 646,800
Divide by: EUP 220,000
Cost per EUP 2.94
Multiply: Units transferred 190,000
Costs associated with Units
transferred 558,600
2. B
Costs: CC
IP, beg. 29,300
Current 248,900
Total 278,200
Divide by: EUP 214,000
Cost per EUP 1.3
Multiply: Units in Ip, end 24,000
Costs associated with Units
transferred 31,200
3. A
Cost to account for 925,000
End
Less:DM (40,000*75%*3) 90,000
CC (40,000*60%*1.31) 31,440
Transferred out 803,560
Materials CC
EUP
(WA) 220,000 214,000
Less: Beg 27,000 24,000
EUP (FIFO) 193,000 190,000
Divide by: IP, beg 578,000 248,900
Cost per EUP(FIFO) 3 1.31
4. A CC
Beg. 2,000
Started 8,000
Units to Account for 10,000
Costs:
Started 72,250
Divide: EUP 8,500
Cost per EUP 8.5
Multiply: units completed 7,000
CC transferred to next department 59,500
5. B Cloth
WIP, beg. 500
Started 3,300
Units Account to for 3,800
6. E Materials CC
WIP, beg. 2,000
Started 23,000
Units to account for 25,000
Transferred
7. E Materials CC In
Beg. - 5,450 17,050
Current 34,000 104,000 184,000
Total 34,000 109,450 201,050
Divide by: EUP 20,000 22,000 25,000
Cost per EUP 14.72 1.7 4.975 8.04
8. B
Beg 22500
Trans. In 34000
Materials 94000
CC 144000
Cost of Units 294500
9. C
Finished and transferred 40000
WIP-End 10000
total 50000
10. D
WIP, beg. 5,000
Started 24,250
Units Account to for 29,250
21,750*11.26 244,905
3,250*4.22 13,715
3,250*5.56 18,070
3,250*1.48 4,810
Total 281,500
16,000
Cost of goods transferred to Molding Dept. 297,500
11. D
2000*4.22 8,440
2000*5.56 11,120
2000*1.48 2,960
Cost of IP, end in Mixing
Dept. 22,520
12. C
40,000 - 8,000 32,000
43,000 - 11,000 32,000
13. D DM CC TI
WIP, beg. 50,000
Started 150,000
Units Account to for 200,000
14. B DM CC TI
WIP, beg. 40
Started 80
Units to account for 120
Transferred out 90 90 90 90
WIP, end 30 0 15 30
Units accounted for 120 90 105 120
15. D
TI (30*1060) 31,800
DM (0*400) 0
CC (15*645) 9,675
TOTAL 41,475
16. A Materials CC
WIP, beg. -
Started 475,000
Units to account for 475,000
17. A
Materials (50000*1.88) 94,000
CC (25000*9.39) 234,750
TOTAL 328,750
18. C M CC TI
WIP, beg. 4,000
Started 16,000
Units to account for 20,000
19. D
20. D
21. A
22. B
WIP, beg. 94,000 44,400
Started 164,000 272,800
TOTAL 258,000 317,200
Divide: EUP 60,000 52,000
Cost per EUP 4.3 6.1 10.4
23. C
Total costs accounted for
(94000+ 44400+ 164000+272800) 575,200
End 53,400
Costs of units transferred 521,800
24. A DM CC
Transferred Out 50,000 50,000
EUP 60,000 52,000
IP, end 10,000 2,000
DM (10000*4.3) 43,000
CC (2000*6.1) 12,200
Cost allocated to IP, end
(WA) 55,200
25. B
DM (10000*4.1) 41,000
CC (2000*6.2) 12,400
Cost allocated tp IP, end
(FIFO) 53,400
26. A
M (2,500*80%*20) 40,000
CC (2500*60%*18) 27,000
Cost of the 2500 units 67,000
27. D M CC
WIP, beg. 2,500
Started 15,000
Units Account to for 17,500
Materials
(15125*10) 151,250
28. B
F&T (14500*22) 319,000
M (500*10) 5,000
CC (1000*12) 12,000
67,000
Total cost
transferred 403,000
29. C
DM-ingredients (7,200*100%*0.35) 2,520
DM- package (7200*0%*0.05) -
DL (7200*30%*0.07) 151.2
OH (7200*30%*.13) 280.8
IP, beg bal. 2,952
30. B
7,200
144,000
151,
200
-
147,960
IP, end 3,240
Test Material 2.
1. E
A B
Beg-WIP 3500
Started 7500 7500
End-WIP 2500 1250
EUP 10000 12250
2. A EUP
WIP, beg. 20,000
Started 120,000
Units Account to for 140,000
WIP,beg. 20,000 -
Transferred Out 90,000 90,000
WIP, end 30,000 30,000
Units accounted for 140,000 120,000
3. A EUP
WIP, beg. 5,000
Started 24,250
Units Account to for 29,250
4. D EUP
WIP, beg. 18,500
Started 84,400
Units to account for 102,900
5. C
Completed & Transferred:
Beginning 13,875
Started 71,600
End 2,560
88,035
6. D DM CC
WIP, beg. 10,000
Started -
Units to account for 10,000
7. D
Transferred out 71,840 71,840 71,840
Completed & on hand 4,160 4,160 4,160
WIP, end 24,000 24,000 18,000
Units accounted for 100,000 100,000 94,000
8. C
EUP,WIP-beg 12000
Units,WIP-beg 20000
Ratio 60%
Total 100%
Converted 60%
WIP-Beg 40%
9. D
Started & completed
(50000- 20000) 30,000
10. B
Cost assigned to unit transferred out
started & completed (77000*2.50) 192,500
Added costs: DM (0*1) -
CC (13000*1.50) 19,500
Normal spoilage: DM (3,500*1) 3,500
CC
(3500*75%*1.50) 3,938
Beg. Costs: DM 15,000
CC 10,000
Total costs assigned to units transferred out 244,438
11. C
Abnormal Spoilage:
(5000*100%*1) 5,000
(5000*75%*1.50) 5,625
cost assigned to abnormal spoilage 10,625
12. C
Cost of IP, end
Material (14,500*1) 14,500
CC
(14500*70%*1.5) 15,225
Cost of IP, end 29,725
13. B
same solution as in no. 10
14. B
same solution as in no.11
15. C CC
WIP, beg. 2,000
Started 8,000
Units to account for 10,000
CC (7000*9) 63,000
Normal Spoilage (500*9) 4,500
CC transferred to next department 67,500
16. A DM CC
17. D WIP, beg. 30,000
Started 80,000
Units Account to for 110,000
160,000 120,000
80,000 78,000
Cost per eup 2 1.5355
18. B
Cost associated with normal spoilage:
DM
(2,580*100%*2) 5,160
CC (2,580*100%*1.5355) 3,962
TOTAL 9,122
19. D
Cost associated With abnormal spoilage
DM (1420*100%*2) 2,840
CC (1420*100%*1.5355) 2,180
TOTAL 5,020
Test Material 3 Multiply by 6.9
1048800
1. a. Transferred out 50000 b. Normal Spoilage 4800
WIP, end 8000 Multiply by 4.92
Spoiled units 2000 23616
EUP for DM 60000 c. Conversion cost 2880
Multiply by 1.98
b. Transferred out 50000 5702.4
WIP, end 8000
Spoiled units 3200 *Cost of goods manufactured
EUP for DM 55200
a. 1 048 800
2. WIP beg. 12000 b. 23 616
Added Materials 44000 c. 5 702.4
56000 1078 118.4
Divided by: 60000
Multiply by: 8000 6. Completed units (20000*4.92)
DM cost 7440 End. Inventory (10000*1.98)
Cost of WIP 118200
3. Total Cost per EUP 1.44
7. Cost assigned to Ending Inventory:
= 29 725 / Not given
Multiply by 52000 8. Cost assigned to Units Transferred out:
= 263 750 / Not given