Chophkey § Jol Oydey Gasfing - Cost Plows and Byternal Reparting }fossary? Absorption Casting A cating metho that-imebictes all momudecturing Costs ~ dived molerial, direct labor ard Gfhb variokle anc Fred monuleoturing Overhead —in unk wks. Allocation Base! A measure ch advity suchas divect Lebor-fauxs or mabline Hous Plot is sal A ascign Ooshs fb Gost Kjeck: sth. Goods monufactured The ~cnutactirthg casts associated ith mids ch preducl Dlofevere Finished Murry He (veel aaa POnds Be product that fave Leon arpletes = Led vot get sd & Customers. Jol Cost Sheek@ A brinithah veces PE Dreck matenals, Geek Bley and womulattating overhead ast charpol A_gGet- Job_ order Gcting lA _@watvy Syston usedin situation there many “loot produc’, Jol, or seyvices ave prehucad Gach pexidk- \ Noval Coctingh A costing System in whi@h overhead costs ave applied tr a jot BY milbplying a precleotormnat Bverheak vd Gg fs agihl amount b the alloestion fase wourtel & the Job. Ovevapplied Overderall A ereach Creclit telameg jn ithe Momubacturing- Dverhesd acccurt zhat-ocours ton Phe Qrount A overhead Cost applied ® wok in Pryvess is qraker Pron the wmourte overhead cost actually neued during the period. LAArararay ay QPP PP PP QAP ey xOnKADale eesdesesvud Nerhead Apiliccltent The precdss of assigning cvertead lCost ty speeihie Jobs. : editer mined Overhe, le} A vale used 4 charge wonufachrhs ovetheaol ast fp ic, Porat i's ertollished in awlance for Cok peri, THis anata Ly Aric g the estimcded ahh manuh turing Noy head Cat By tre period 4 te estimated BAK arent cl the allocihon fase fer the period. Rew Mekerials- Any yrateyials Prot inth the Final prduct. Schedude 4 Gt goeck manutectured: A scheolite Phat amtoins HPhree eherneds A product Costs —Arect materiads cbrect Kaker, And montoturing overherl—ard Plot summarizes Pre portions A $hose costs Hotrerair, in ending Wark jn Progress invewhry ond Klretare Pransherreed Oth werkin preCess In Anished Raodks. Schedule ft Cst-t Goods Suid? AL sobedule Arak csdtairs yee_elerots A preducts sts — diced malorials, dircot- Loker, amd veanubectiring Overhead anol Plat Summarizes the prtins A thse costs that wemain in endiny Anished Gveeds inventory amo Prut-ore Prasherrd att Arishel Grads ink Cot Gods Seid. Uvdevapliel overhend: Khe bit belomee nthe manulactoirg Ovethead account Prat scears © chen Phe amount cl overhat Cost applied & Werk jnProcess (sles flan Fhe arcunt A overhead ext aohally imourred Awirg «period. Werk in Arcess Onis A product Plat are only purthally Ge~plete Om& wilh require toy they werk defere they arc veady fw Sole to Phe Customer.dee Foundation f 1E The fournal entry to recorel RMuseclin Produchin ! Date: oon pay Ale TAes DeGACD | Crecht D Werk In Procoss 4eooo Raw. Materials 4 Go000 = $4 ove t§S16000 — $4 FO000 © Enoling Blane in Rens Malorals b = Begining Balomee & Rt RM purchaseal— 2M ucekin procluch, iF t6c00 [© Sourral efiyyoh veeordh Hla. Loker Gt incurred icing Ae flow 5 Ate titles delhi) | ered) WorkTn Preeess e0cs0 Monutoedsriry Overrend |, [S00e0) Sellingard dd rin. Salovics |S ooo salosies abd ayes faiyalie |p 99.8000 QD BAl amountd- dverhed applied = actual amourtd- Labor tours X Predetermined Ovéyliaad rate = 41000 « $16: 2° =. $666290 dlaiving thor year [© Toth manbachuring Cost = Direct Labor +Divect marke vith Man Gaatexriry aviv bend me Fbo00e + £4 80000 + $(66250 = F (PLE2S0 © Journ Bitty be reard Lradfey 4- err-plobed cobs Clem 1) Me Titles pebit C$) | ereolif-C$) Pinishecl Gods L¢3@000 \ Werk in Process [s¥cse0 [D Brding Balamee —WIP — Finshek Bards =SlE€ow4 £4. 80000 + 4 Cocoee t FScc2S0 — teeflCsorm = 84 2G = (Beginning Balamee —MWIe) ERM uted L DL + Mott app Lek etaletao ate VAVARPP EP EELS HEE & » AV ene fh! - ] a oe owasDMG erilicalicoriaet |®@® Actual manulaoburny Overheacl cust { = jrolivect heker 4 _clepre ciation pn curance, tities de, = _ sown + fSooww = $6500 2 Over applied MoH Capplied 2 ackuab = Applicd MoH — Actucl MoH = £66625 -fCCowm — = $16250 Weasteb gr anaileble fr ode = Beginning Finished garde 4 Cost h garde romutackered = 435cm + F$lCBoTS = FlFICCRD [Maou nal edyy bre esrk Coas Cifoms R) | Ale dikes DME) | Credi# CH Cosk-h Greeks SAA (6900 inshed Guvels lescae (@ Balance Finished bncls = Beyivning Anished goods +k d- god ranukactured = Coes = {Bot $F (CH0TW —Fle90m~e_ = F2STTO @ Adjusted Coal = Unadjusted oe _ Overapplicd Aor = 4620000 — $e250 = $LEER FSO ®+® Gres frogin ard WOT Sales $2 300000 Cotes Cackjusted) 643 350) @ Gress Margin $26 250 Selling ard admix sal. (F2K 0082) Cn emp (4362000) © NE opty treme $5I9260.Pxereise 36M Mason Canpory [Beginning Werk Tn Process Sebedule cb Gst f- Cords Monulae tured $ (oor Diveet Materals : Begining Raw makeviols $ tow Add! Purchased Raw Materials $Ulgovo ToL Reus Materials aversoble $2500 Less! Extiny Row Motertals G IseB0) Diveek modertals used allow Direct Labour §Zocwo Monutmodiring Overhead | applied $2000 Total Mantdactaany Cost [$2 Fou Total monntactiry Sst t account Gr] 42300 Less? Ending Work Tn Process Geares) Cask of Gurods mom brokired © Mason’ Crywpary Schedule d- Gost d- Criods SLL Beginning Finished Gards $200 ALD” Cosh 4 Croods rmanutaetured L2K See CostA Gaeds Available Br cle $29C0% Less) Endy Pinisheh ands C$35¢e8) Unadjusted Cons $2600» Less’ Over applied MoH (£900 $802) C$ (or) AAjustel Cos S 2Scve ee EN EL AG AA AD EG FO EL 8) 4) 6) 6) EV HH QHHVUP EPP EL OAD PDre) Mason Ca-pany LTnesne Setement Sales $524 or Cots Géesovad) Cress Margin 42740 Selling ard admin expenses! Sekling Orpense Chl Kove) Aclmin expense CF630OD Ne Operchy Trane ¢#lace Exercise 3-3 D @ Actual Radnoburing Overhead applied br Are. gear. © Overhead Ot oppliehe Wark In Process Or the year OGskd- Gads manukachured hor fle gear. ® Cosd_ F Gieeds So]. dor Fee gear. © Manufacturing Overhend is tnolerapplied. Thevehers, Pho Journ entry: Cost & mds Sol Dr. | #0000 | Manubaclaring OVethend @Y. (toon [(3) Propertims cf Weve i process, Finished Grrods crcl Gs ob fre dtd cost ave ane Gllows Workin Process = J Cl9So> + (397m) § xI00% Finished Conds = [68Se) 2 C3009 3X loz Cons = fre0rw = (3260) F xix = Fox Sworn entry. Werk in Proeoss CS% x zoe) Dr. $3500 Limited ads (197X F0erd) Dr. glosoD Cost +t Crods Seid (80% xFom) IQ, goer Mannlachering Overhead 60m A rH voloDabo? osu a |ETOSVE — = (60% A 0M est @®Diret Materials asd = Beginning RM + Acpurelosed PM — buolivg RM = £200 + Espoo ¢— FBIM = Giecoos Actual msH = Tushredt Laber + Property mes # Deprpkquipret traintenance +E Dasurante t Rent € Cuildivg = $1 F002 F 4 UBC + FACoDrF | PCO? + ET OCP $$ Pose = £ 200m Applic MOH = (60% K YSdee = Gz2Co0> 2. Unslerappticd MEH = 1G Z60ee' — $2200 = Ghdere © Schedude d skh Gord Manuteetured Beginning Wark \n Process 4 IBs0e8 Diroat Makeria$s used S Sh goor Direet Labor ‘ acm MOK opplied E200 | 1D Ted tran chering Cock W2go0re [ea eacnce WIE Less’ Bucling wark in Process Grea Cot Ab Goods Manuteohured [glztecee © Gsth Roods ancilolle For she = Cock A Grdd momubectwred be ginring Finished Geods = $(3400c + $2600e = g¢ (6c00e Und djusted Gosh Lk Greed’s SAA = Cost d- Gods anaileble bor sale —Erdlrg Grtshed goods = ¢ [600000 - Shove = $$ (200005 LVQAP TET EP VATE? yA AAD @ CARA AAKBHDHOAKCKLHAAHAKAKAKAYAABPHHKQYHO heaThe wnosljusted cvevbead Gan either de Chosed out A COGS er allocoted Lehween work infroce3$, Fiuistecl aods, avd Cots baredion Roe overhad apphiod hunny Ahe Cour nw Phew Ading belarnte \n eno d- Ahese aceouds, Overhead. @sk in werkin proeess ICo% & €rk0w 0M east = F 2E40o7 Direct lobe Osst = Brding Warkin Process ~ Direet materials — MOH = Stoo — 42h0so — $3840 = $2600 Corpleked schedide he Gbs wm Workin Process Direct Metericls $2%0B Direct Laker $tEco Momulacbiving Ovedlriad $5840 PWork ia Process $720d Rablem sic O Frege Fohrilier AVS Sour nal Brtrics [@ Paw Peterials Dr. 42002 | AC payable or. (feacsee (Q)_Work _\n freaess Dr. Fl esos | Ray materials er. | $1 8S © _Manutrturing. Overhnk OY... $63080 OA Lifes. Bxpense Or... §t08 | Ale. Payable [Steom Wark in Process Dr. $230080 Pantry oveihed Dy. 49007 Salaries Cuperse WN. { (loow slomies anh wages Pozalle cr. $4 RCRD © Menulactrirg Overheard Dr. $5460 a Ale Payable or. 3 St.> ¥ Date: ... © Advertising Pxpense pr. €1360ee Ale Péyelle a. §13CTw D Manukactwing Overhenk Dv. 6PGow Depreciation Rxpense OY. $100 | Seber \VVEPPRPeKEAHe Accumulate Pepreclatien ev. Isa * Narn froturiny Overhendl Dr. { |orow Rent Luprnce Dr. $eoaD AIC Payalle a. € Zac Proleterminal GU yate = Ct Biak on va) = CFeh. torolaleaity, € herd) < = $3eo0 +7 = fyco fey DLH © In Mons $40 K 97S =H 390080 eo @_Work in Process De. 9390002 | o Manubackuring Overhadl Gy. \¢320000 = [@ Finished Crooks Dr. € 27002 | © Workin process or. (4 Feros [OB Ale Receivable DY. F1200000 Sabes on. $ [2co0e~ = Cate$ ‘ DY. 1§ BOOBS : Riniched Craeds or. $ GUTS e © Proya. Pabrikker AVS - Severna —Eokries T- Accounts = pr Ale Receivable ar Dr. BES or TF WS [2 60008 Bol. $210~ |G) PPO z G) $l esoee ‘ 2 pr. Ras Materials er. (4) 4 Uae . Bal. $ 30a 4 tP SOD G) 4 32cm i a ° ) $20%0~ Bal. SETEO Bal 450% :Or. Manntaebrring OH sor. 0 Slavia Bp. or &) 63000 1) 3320000 Mguicoed GP) $9cow @) ¢ Ste DY Dewees bre or. GG) ¢ rece @) thee [ G)_ § wea Bed. $50 Or- Rent Exe. er G) f(36@ | Or. Arnished Goeth er. Bak. $6crn |(k) ¢6cxmo om Sales or GQ) Ertoww [G) 4 Boosee Bal. £30070 ; pr Cox en ___ Abverkising Pep. on. G) 4s0ee> (¢) 413600 Or. Accambateh Depr. oy, fa) G20ce Lov. Usilifies Exp. ev. fe) #70 Dr Alek le ex. Ia) $2ec~ {e) ¢ Fouso le) ¢ Shcoe IS 4 (Rowe I) $ \2eem EEE) pr Selries ard tops Payelle Gy, = (1D - FeseeRey Podvikkey Ads Sehedule G st G& hacds pranufactured Beginniny Raw Materials $3ouot AMD? Row Mokerils Purebusal $2 dee [Less Excing Row Molertals (6 usoe) Raw Materials Usele CD $85 08> HHALECITICF VALVES Duce ieber COL) f 2300 Ponuber Overhed Om @Q) sox ta). eseom | Bal. f224g@ [pe studio ard eyuipmet en or. Depreciation CnP___ oy, Bt. $2300 (A) ¢2Ioso zi Hidio Overheod ov. or Tusaremee Exp. om 2) $300 [DO *Fa20000 @ sao | ) Sze Ch) &63c00° pr. AdvarBising Exp. ov @ Slow @ {300 | IG) SSéo0 @G) 49400 Bak. $2450" wo. Wise. xp. Ay gece - g ee ey ee en em ee A KH CH CD CD AQ AD EY | GQ GH SE 4 CRY EA “|= Czsoae + Foc hs.) = $i per haw) POI K Faw 24 2300e 4 t. YETCLLYT S| Pepe aa AAA DAD a py ay tyeS ee a lll le Dates esedrerovds DY Adin Salories Fup. ef. @® _ 3950 | lov. Gost + Gods Sofdl(Coe5) er. G) $coow» @) B40 Bat. $590,60> Dy. Sdlomies and wages Pazelle or. Ie) g28508d GY: $232 02d Pal. © $2080 Copihl stock [ Bale Sh20°—> sale. [ORME Ale peyohe CG) sone | fal. A (corer @) & (p50 @) $ R200 © &(30eaD i) & 965% Bal. Go5E ov RAbined Barrivngs — @Y- [ Bak. ¢27000° L Lrkry Cn) in kre Teaceouts yeearets the clbesivg Bhi pverepplied Overhead balance te Cashel Gods Sold. @® Overkenh is overappliek G Be $240 Gor tre yorr. otDate: ... [® Supreme Videss Tue Sabedihe # Cosh be Cracls Monn brohreh Oiyeet MetenialS’ Begining Rew Pkorals $30ce~ Aid! Prrohased Raw matereds $1aSaee Less! Prcling Raw Meteriaks (GE) Raw mcdevials aseol » production $2000 Less! Inctirest materials @ 300%) Dred Materials Used Mprednchon f(Fooww Direct Lober & 8r0aD Manubackerirg oYerhend Z6P liek | 290000 BAL mannhacteriry Cost Spphich £542000 Add; Beginning Videss in Process f49ee Less: Ending Videos Process (% 3t07) Ces Ff Crocs Pomutrafloed BSSO0e Tha ast £ gels manubatoren bor the akore sAneolude ED ayrees wth Prancaction @. _ Supreme vichess Tne, Schedule d- AEE Code hk Beginning Eris Goods $ flow Hid! Coke Girdles Pamndatte” £55008 Qos Gaods availble br Se $C3|o00 Less: Bading Pinshel Garo!s C€3laee Onotusteh stb Gmds Sold 'f Coco Less: Overoplied Ovetheack ($94 oa) adjusted Gost + Goods sad $SDOGIO “The uncetjusted Cost AA Crmods Sofh thor treabove sohedbte CE59060) agrees with fyemsachom (kK). HLL HA KATRH HHO NAVA ATE TT ELASDate: ...... [© Supreme Vicless Tne. Tuarne Shhement For the Year Enolel Decerloy 51 Sales $925000 COstd-Gmodls Sh ($5206) Gross Mewgin £234 YR Selling ard Admin oupenses! | Reprecichion Expense — $UKD Lusurance Euperse ir Advertising Expense {3702 Aduein. Frepense 95000 prise. Acpense $8600 (RK) Net Opercting Tranme STEAD