Homework Answers
| As end of Jun | For May | For Jun | ||||||||||
| Job 202 | Job 203 | Job 204 | Job 202 | Job 203 | Job 204 | Job 202 | Job 203 | Job 204 | ||||
| DM | $ 25,000 | $ 59,000 | $ 56,000 | $ 13,000 | $ - | $ - | $ 12,000 | $ 59,000 | $ 56,000 | |||
| DL | $ 14,000 | $ 26,700 | $ 40,000 | $ 3,600 | $ - | $ - | $ 10,400 | $ 26,700 | $ 40,000 | |||
| OH | $ 7,000 | $ 13,350 | $ 20,000 | $ 1,800 | $ - | $ - | $ 5,200 | $ 13,350 | $ 20,000 | |||
| Given | Given | Given | Given | Given | Given | balancing = End of Jun - May | Given | Given | ||||
| Ans 1 | Total of Raw material in June = Sum of DM in Jun = $ 12,000 + $ 59,000 + $ 56,000 = $ 127,000 | |||||||||||
| Ans 2 | Total of DL in June = Sum of DL in Jun = $ 10,400 + $ 26,700 + $ 40,000 = $ 77,100 | |||||||||||
| Ans 3 | Predeterminded OH rate in June = OH / DL = ($ 5,200 + $ 13,350 + $ 20,000) / ( $ 10,400 + $ 26,700 + $ 40,000 ) = 0.5 times of DL | |||||||||||
| Ans 4 | Total cost in June = Sum of DL + DM + OH in Jun = $ 127,000 + $ 77,100 + $ 38550 = $ 242,650 | |||||||||||
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as of the end of June, the job cost sheets at racing wheels
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as of the end of June, the job cost sheets at racing wheels
Inc. show the following total costs accumulated on three custom
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