3)
overhead rate =estimated overhead /estimated direct labor cost
= 125000/250000
= .50 or 50% of direct labor cost
overhead applied = actual direct labor cost * overhead rate
= 228000*50%
= 114000
overhead underapplied/(overapplied) =actual -applied
= 119000-114000
= 5000 underapplied
Ending balance (unadjusted)[A] | weight | allocation of underapplied overhead[B] | Ending inventory (adjusted) [A+B] | |
work in process | 50700 |
50700/845000= .06 |
.06*5000= 300 | 51000 |
finished goods inventory | 245050 | 245050/845000= .29 | .29*5000= 1450 | 246500 |
cost of goods sold | 549250 | 549250/845000=.65 | .65*5000= 3250 | 552500 |
845000 |
CORRECT OPTION IS "c"
4)TOTAL MANUFACTURING COST =DM+DL+OH
=60+55+130
= 245
Cost of goods manufactured =b/b+ total manufacturing cost- e/b
= 10+245-20
= 235
cost of goods sold = b/b + cost of goods manufactured- e/b
=25+235-43
= 217
correct option is"c"
Page 3 of 12 Dickens Company produces a line of non-motorized boats. Dickens uses a job-order...
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