Escolar Documentos
Profissional Documentos
Cultura Documentos
187
a.
Cost of goods sold:
Sales.....................................................................................
Less gross profit.................................................................
Cost of goods sold..............................................................
b.
Direct materials cost:
Materials purchased............................................................
305,000
Less: Indirect materials......................................................
Materials inventory...................................................
Direct materials cost...........................................................
258,000
c.
Direct labor cost:
Total manufacturing costs for the period.........................
640,000
Less: Direct materials cost................................................
Factory overhead......................................................
Direct labor cost..................................................................
276,500
$ 850,000
235,000
$ 615,000
$
$ 27,000
20,000
47,000
$
$
$ 258,000
105,500*
363,500
$
Ex. 1813
a.
Work in Process..............................................................
Factory Overhead............................................................
Wages Payable...........................................................
3,836
845
b. Work in Process..............................................................
Factory Overhead......................................................
4,932
4,681
4,932
Ex. 1814
a. Factory 1: $19.00 per machine hour ($237,500 12,500 machine hours)
b. Factory 2: $12.50 per direct labor hour ($112,500 9,000 direct labor hours)
c.
Factory 1:
Work in Process.........................................................
Factory Overhead.................................................
($19.00 1,035)
Factory 2:
Work in Process.........................................................
Factory Overhead.................................................
($12.50 770)
19,665
19,665
9,625
9,625
Ex. 1822
a.
Mar.
7
11
22
25
30
31
31
31
31
31
63,000
Work in Process.............................................
Cash...........................................................
24,000
50,000
Work in Process.............................................
Consultant Fees Payable.........................
45,000
33,500
Office Overhead.............................................
Cash...........................................................
28,000
Office Overhead.............................................
Supplies.....................................................
4,000
Salaries Payable............................................
Cash...........................................................
63,000
Accounts Receivable.....................................
Fees Earned..............................................
250,000
Cost of Services.............................................
Work in Process.......................................
215,500
63,000
24,000
50,000
45,000
33,500
28,000
4,000
63,000
250,000
215,500*
$ 32,000
33,500
$ (1,500)
c.
Fees earned...................................................................
Cost of services............................................................
Gross profit...................................................................
$250,000
214,000*
$ 36,000
Ex. 1819
a.
Revenues..............................................................................
510,000
Cost of goods sold..............................................................
Gross profit..........................................................................
209,900
Selling expenses.................................................................
Administrative expenses....................................................
Income from operations......................................................
b.
$
300,100
$
$116,000
48,400
164,400
$ 45,500
Materials inventory:
Purchased materials................................................
155,300
Less: Materials used in production........................
Materials inventory, May 31.....................................
$
145,800
$ 9,500
$
94,500
70,875
$
304,300
$ 6,875
$
300,100
$ 4,200
Prob. 184A
1. and 2.
Danzel Bishop
1900 Peachtree
Atlanta
Reupholster couch and chair
ESTIMATE
Direct Materials
Direct Labor
Amount
9
meters at $18
Total
Summary
Amount
Amount
162.00
14 hours at $10
140.00
Direct materials
Direct labor
Factory overhead
162.00
140.00
49.00
162.00
Total
140.00
Total cost
351.00
ACTUAL
Direct Materials
Mat.
Req.
No.
U642
U651
Total
Description
4 meters
at $18
8 meters
at $18
Amount
Direct Labor
Time
Ticket
No.
72.00
1519
144.00
1520
216.00
Total
Description
8 hours
at $10
7 hours
at $10
Summary
Amount
80.00
70.00
150.00
Item
Direct materials
Direct labor
Factory overhead
Total cost
Amount
216.00
150.00
52.50
418.50
Comments:
The direct materials cost exceeded the estimate by $54 because three meters of
materials were spoiled. The direct labor cost exceeded the estimate by $10
because an additional one hour of labor was used by an inexperienced employee.
Prob. 185A
1. Supporting calculations:
Job No.
Quantity
No. 51 V-100
150
No. 52 V-200
400
No. 53 V-500
Jan. 1
Work in
Process
Direct
Materials
$ 4,000 $ 16,500
$ 12,500
Factory
Overhead
Total
Cost
Unit
Cost
Units
Sold
Cost of
Goods
Sold
140
$ 44,800
260
50,869
32,400
16,300
19,560
150
8,000
5,100
6,120
No. 54 A-200
200
24,600
12,500
15,000
52,100 $260.50
192
50,016
No. 55 V-400
160
18,800
10,600
12,720
42,120 $263.25
148
38,961
No. 56 A-100
90
6,500
3,400
4,080
1,040
$ 14,000 $ 106,800
$ 60,400
Total
10,000
Direct
Labor
19,220
13,980
$ 72,480 $ 253,680
$ 184,646
$13,200
$33,200*
$35,834**
$3,320 Dr.
($220,480 $184,646)
underapplied ($4,000 + $13,800 +
+ $55,000 $72,480)
* or ($14,000 + $106,800 + $60,400 + $72,480 $220,480)
**
Units in
Job No.
Inventory
Cost
Job 51
Job 52
Job 54
Job 55
Total
10
140
8
12
$ 3,200
27,391
2,084
3,159
$ 35,834
Ex. 1911
a.
Units in process at beginning of period.......................................
Units placed in production during period.....................................
Less units finished during period.................................................
(54,500)
Units in process at end of period..................................................
2,500
56,000
4,000
b.
Whole Units
Inventory in process, beginning
(60% completed)............................
Started and completed.......................
Transferred to finished goods...........
Inventory in process, ending.............
Total units............................................
2,500
52,000*
54,500
4,000
58,500
Equivalent Units
Direct Materials Conversion
0
52,000
52,000
4,000
56,000
1,500
52,000
53,500
1,000
54,500
*54,500 2,500
c.
Costs
Direct Materials
Conversion
Total costs for period in
Assembly Department....................................
**
Total equivalent units
(from above)....................................................
Cost per equivalent unit........................................
**$75,210 + $112,815
d.
$103,600
$188,025
56,000
$
1.85
54,500
$
3.45
8,000
67,400
75,400
70,000
5,400
75,400
Equivalent Units
of Production
70,000
1,080*
71,080
*5,400 0.20
c.
Cost of units in ending Work in Process: $4,212 (5,400 units 0.20 $3.90)
PROBLEMS
Prob. 191A
1.
a. Materials......................................................................
Accounts Payable.................................................
286,020
202,320
66,060
5,760
2,646
122,220
76,860
25,740
42,660
22,500
16,920
4,680
1,800
57,600
64,800
378,846
h. Finished Goods..........................................................
Work in ProcessPacking Department.............
584,460
594,900
286,020
276,786
267,480
39,420
6,480
57,600
64,800
378,846
584,460
594,900