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Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK RESOURCES Homework ise 16:02 Brief Exercise 16-03 Crane Company p
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Answer #1

Date

Particular

L.F.

Debit

Credit

Mar , 31

WIP – Assembly a/c    Dr.

WIP   - Finishing a/c Dr

To manufacturing overheads a/c

( Assignment of overheads to departments)

$ 57,600

$ 40,000

$ 97,600

Total Factory labour cost =   $ 61,000

Assembly Department factory labour cost = $ 36,000

Finishing Department factory labour cost =   $ 61,000 - $ 36,000

= $ 25,000

Manufacturing overhead for Assembly department = 36,000 × 160%   =   $ 57,600

Manufacturing overhead for Finishing Department = $ 25,000 × 160% = $ 40,000

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