Scribd
Upload
21 views

Chapter 5 Answers To Selected Problems

Uploaded by

prettygorgeous91
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
21 views

Chapter 5 Answers To Selected Problems

Uploaded by

prettygorgeous91
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 5

Chapter 5

Problem 5-12
1 OH / Direct labor = %
Job 114 1,170 0.65
1,800
Job 115 1,014 0.65
1,560
Job 116 2,795 0.65
4,300

2 Job 114 Job 115 Job 116


WIP, beg 5,381 5,214 10,745
D Material 16,500 12,200 5,000
D Labor 1,800 3,080 1,440
Overhead 1,170 2,002 936
Total 24,851 22,496 18,121

3 WIP, end Apr 30


Job 114 24,851
Job 116 18,121
WIP, end Apr 30 42,972

4 COGS
Job 115 22,496

5
Job 115 22,496 + 0.25 22,496 = 28,120

Sales 28,120
COGS 22,496
GP 5,624

Problem 5-13
1a Materials 29,000
Accounts payable 29,000

b Work in process 33,700


Materials 33,700

c Work in process 6,320


Wages payable 6,320

d Work in process 4,108


Overhead control (Applied) 4,108

e Overhead control (Actual) 4,415


Cash 4,415

f Finished goods 22,496


Work in process 22,496

g Accounts receivable 28,120


Sales 28,120

Cost of goods sold 22,496


Finished goods 22,496

2
Materials
Work in process
Finished goods

Materials Work in process Finished goods


Beg 12,730 33,700 Beg 21,340 22,496 Beg 8,700 22,496
29,000 33,700 22,496
Total 41,730 33,700 6,320 Total 31,196 22,496
8,030 4,108 8,700
Total 65,468 22,496
42,972

Problem 5-16
1a Materials 51,200
Account payable 51,200

b Work in process 43,600


Materials 43,600

c Work in process 26,100


Wages payable 26,100

d Overhead control (Actual) 12,450


Cash 12,450

e Work in process 8,990 c. 26,100/18 = 1,450 hours


Overhead control (Applied) 8,990 1,450 hours x 6.20 OH rate = 8,990

f Finished goods 61,750


Work in process 61,750

g Accounts receivable 80,250


Sales 80,250

Cost of goods sold 64,200


Finished goods 64,200

2
Materials Work in process Overhead control
Beg 2,200 43,600 Beg 3,800 61,750 12,450 8,990
51,200 43,600 3,460
Total 53,400 43,600 26,100 Underapplied
9,800 8,990
Total 82,490 61,750
20,740

Problem 5-20 Activity rate $


1 Setting up 156,000 130
1,200

Purchasing 187,500 13
15,000

Other OH 420,000 8
50,000

2 Job 15 Job 16 Job 17 Job 18 Job 19


WIP, beg 34,500 39,890 24,090 - -
D Materials 28,000 37,900 25,350 11,000 13,560
D Labor 10,000 8,500 23,000 12,900 8,000
Overhead
Setting up 2,600 1,820 4,550 1,040 1,950
Purchasing 1,875 2,250 2,500 6,250 3,750
Other OH 5,460 4,872 13,440 7,308 4,368
Cost of each job by the end of March 82,435 95,232 92,930 38,498 31,628

3 Work in process, Mar 30


Job 18 38,498
Job 19 31,628
Work in process, Mar 30 70,126

4 COGS Mar 30
Job 15 82,435
16 95,232
17 92,930
COGS Mar 30 270,597

Problem 25
1 Total 380
400 pcs
0.95 cost per unit
50.00 pcs
47.50 Cost of spoilage

Normal spoilage

2 $380

3 Total 380
400 pcs
0.95 cost per unit
50.00 pcs
47.50 Cost of spoilage

Abnormal spoilage

4 Job 705 380.00


47.50 Cost of spoilage
427.50 Cost of Job 705
Finished goods
Beg 3,460
61,750 64,200
Total 65,210 64,200
1,010

You might also like