07-19-2006, 03:53 AM
Im having a test on these type of problems please help me out with answers and how you got them =) it will help me out study for the exam!!!!
Problem 1
The estimated total manufacturing overhead cost and total direct labor cost for department G for the current year are 270,000 and 360,000, respectivel. During July, the first month of the current year, actual direct labor cost totaled 32,000, and manufacturing over costs incurred totaled 23,120.
Required Present the general journal form to apply manufacturing overhead to production in Department G for July.
Problem 2
Allison industries began April with 6,000 units in work in process in its third department, 30% complete as to conversion costs. No new materials are added in this department. During April, 21,000 units were transferred from the second department, and 4,000 remained in process at April 30. The ending work in process was 80% complete as to conversion costs.
Required Compute the equivalent units for conversion costs in April for the third department of Allison Industries using the weighted average method.
Problem 4
The estimated total manufacturing over cost and total machine hours for department 40 for the current year are 135,00 and 67,500 respectively. During January, the first month of the current year, actual machine hours used totaled 6,000 and manufacturing overhead cost incurred totaled 12,310.
Required Answer all four parts
1. Determine the manufacturing overhead rate based on machine hours
2. Present the journal entry to apply manufacturing overhead to production in department 40 for January.
3. Compute the balance of manufacturing overhead-department 40 at January 31.
4. Does the balance of Manufacturing overhead-department 40 at January 31 represent over applied or under applied manufacturing overhead?
Problem 3
Accutech Manufacturingâs cost accounting department has calculated the following equivalent production figures for August
<u>Physical <u>Equivalent Units</u>
Units </u> <u>Materials conversio</u>
Completed production
Beginning work in process 900 _ 600
Units started and completed 2600 2600 2600
Ending work in process 1500 1500 1500
Totals 5000 4100 4200
Prior period costs pertaining to the August 1 work in process inventory amounted to 4500. Current costs per equivalent unit are
Materials, 3.50; conversion 5.00
Required Determine the cost of production completed in August using FIFO method.
Problem 1
The estimated total manufacturing overhead cost and total direct labor cost for department G for the current year are 270,000 and 360,000, respectivel. During July, the first month of the current year, actual direct labor cost totaled 32,000, and manufacturing over costs incurred totaled 23,120.
Required Present the general journal form to apply manufacturing overhead to production in Department G for July.
Problem 2
Allison industries began April with 6,000 units in work in process in its third department, 30% complete as to conversion costs. No new materials are added in this department. During April, 21,000 units were transferred from the second department, and 4,000 remained in process at April 30. The ending work in process was 80% complete as to conversion costs.
Required Compute the equivalent units for conversion costs in April for the third department of Allison Industries using the weighted average method.
Problem 4
The estimated total manufacturing over cost and total machine hours for department 40 for the current year are 135,00 and 67,500 respectively. During January, the first month of the current year, actual machine hours used totaled 6,000 and manufacturing overhead cost incurred totaled 12,310.
Required Answer all four parts
1. Determine the manufacturing overhead rate based on machine hours
2. Present the journal entry to apply manufacturing overhead to production in department 40 for January.
3. Compute the balance of manufacturing overhead-department 40 at January 31.
4. Does the balance of Manufacturing overhead-department 40 at January 31 represent over applied or under applied manufacturing overhead?
Problem 3
Accutech Manufacturingâs cost accounting department has calculated the following equivalent production figures for August
<u>Physical <u>Equivalent Units</u>
Units </u> <u>Materials conversio</u>
Completed production
Beginning work in process 900 _ 600
Units started and completed 2600 2600 2600
Ending work in process 1500 1500 1500
Totals 5000 4100 4200
Prior period costs pertaining to the August 1 work in process inventory amounted to 4500. Current costs per equivalent unit are
Materials, 3.50; conversion 5.00
Required Determine the cost of production completed in August using FIFO method.
