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    Chapter 8 de Leon

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    Rose Ann De Guzman
    The document contains 4 problems related to manufacturing overhead costs. Problem 1 provides calculations to determine manufacturing overhead rates. Problem 2 calculates applied and actual overhead and an underapplied amount. Problem 3 allocates overhead costs to work in process, finished goods, and cost of goods sold accounts. Problem 4 shows overhead applied and total costs for 4 jobs using an overhead rate of 180% of direct labor costs.

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    Chapter 8 de Leon

    Uploaded by

    Rose Ann De Guzman
    1K views1 page
    The document contains 4 problems related to manufacturing overhead costs. Problem 1 provides calculations to determine manufacturing overhead rates. Problem 2 calculates applied and actual overhead and an underapplied amount. Problem 3 allocates overhead costs to work in process, finished goods, and cost of goods sold accounts. Problem 4 shows overhead applied and total costs for 4 jobs using an overhead rate of 180% of direct labor costs.

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    problem 1-3

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    The document contains 4 problems related to manufacturing overhead costs. Problem 1 provides calculations to determine manufacturing overhead rates. Problem 2 calculates applied and actual overhead and an underapplied amount. Problem 3 allocates overhead costs to work in process, finished goods, and cost of goods sold accounts. Problem 4 shows overhead applied and total costs for 4 jobs using an overhead rate of 180% of direct labor costs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views1 page

    Chapter 8 de Leon

    Uploaded by

    Rose Ann De Guzman
    The document contains 4 problems related to manufacturing overhead costs. Problem 1 provides calculations to determine manufacturing overhead rates. Problem 2 calculates applied and actual overhead and an underapplied amount. Problem 3 allocates overhead costs to work in process, finished goods, and cost of goods sold accounts. Problem 4 shows overhead applied and total costs for 4 jobs using an overhead rate of 180% of direct labor costs.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 1

    Chapter 8

    Problem 1

    1. 500 000/400 000 x 100 = 125% of direct materials cost


    2. 500 000/10 000 = 50/unit
    3. 500 000/80 000 = 6.25/machine hours
    4. 500 000/250 000 x 100 = 2% of direct labor cost
    5. 500 000/25 000= 20/direct labor hours

    Problem 2
    1. Factory Overhead Rate = P 255, 000/100, 000 = P
    2.55/DLHr.
    2. Applied Factory Overhead = 105,000 x P 2.55 = P 267,
    750
    3. Factory Overhead Control (actual) P 270,000
    Less: Applied Factory Overhead 267,750
    Underapplied Overhead P 2,250

    Problem 3
    A. 1. Work in Process 473,200
    Factory Overhead Applied 473,200*
    (84, 000 x 5.60 = 473, 200)
    2. FO Control 470,800
    Miscellaneous Accounts 470,800
    3. Factory Overhead Applied 473,200
    Cost of Goods Sold 2,400
    Factory Overhead Control 470,800
    B. Cost of goods sold 350,000/473,200 x 2,400 = 1,775
    Finished goods 100,000/473,200x2,400 = 507
    Work in process 23,200/473,200 x 2,400 = 118

    Problem 4
    1.Job 123 Job 124 Job 125 Job 126
    DL cost 600 940 1,400
    5,120
    FOH rate 180% 180%
    180% 180%
    Applied FOH 1,080 1,692
    2,520 9,216

    2. Job 123 Job 124 Job 125 Job 126


    TOTAL
    DM 300 1,080
    720 4,200 6,300
    DL 600 940
    1,400 5,120 8,060
    FO 1,080 1,692 2,520
    9,216 14,508
    TOTAL 1,980 3,712 4,640
    18,536 28,868

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