会计学企业决策的基础 答案Word文档下载推荐.docx

1、Direct labor cost assigned to production $ 192,000 （5）Total manufacturing costs:Direct materials used part a （2）Direct labor cost 192,000 Manufacturing overhead 393,600 Total manufacturing costs $ 991,600 （6）Cost of finished goods manufactured:Work in process inventory, beginning of year $ 5,000 Tot

2、al manufacturing costs part a （5） 991,600 Cost of all goods in process during the year $ 996,600 Work in process inventory, end of year 9,000 Cost of finished goods manufactured $ 987,600 （7）Cost of goods sold:Beginning inventory of finished goods $ 38,000 Cost of finished goods manufactured part a

3、（6） 987,600 Cost of goods available for sale $ 1,025,600 Ending inventory of finished goods 25,000 Cost of goods sold $ 1,000,600 （8）Total inventory:Materials inventory $ 26,000 Work in process inventoryFinished goods inventoryTotal inventory $ 60,000 b.HILLSDALE MANUFACTURING CORP.Schedule of the C

4、ost of Finished Goods ManufacturedFor the Year Ended December 31, 20_ Work in process inventory, beginning of year Add: Manufacturing costs assigned to production:Direct labor Cost of all goods in process during the year Less: Work in process, end of year Cost of finished goods manufacturedChapter 1

5、6 P761 16.4BPurchases of direct materials $ 360,000 b.Cost of direct materials used: $ 18,000 360,000 Cost of materials available for use $ 378,000 14,000 $ 364,000 c.Direct labor payrolls paid during the year $ 225,000 d.Direct labor costs assigned to production $ 230,000 e.Overhead costs during th

6、e year $ 400,000 Units in the activity base （direct labor costs） 230,000 Overhead stated as a percentage of direct labor costs （$400,000 $230,000）174% f.Direct materials used （part b）Manufacturing overhead applied to production 400,000 Total manufacturing costs charged to work in process $ 994,000 g

7、.Costs of finished goods manufactured: $ 20,000 Total manufacturing costs （part f） 994,000 $ 1,014,000 Cost of work in process inventory, end of year $ 989,000 h. $ 98,000 Cost of finished goods manufactured （part g） 989,000 $ 1,087,000 110,000 $ 977,000 i.Total inventory at year-end: $ 14,000 $ 149

8、,000 Chapter 17 P802 17.3ADepartment One overhead application rate based on machine-hours:Manufacturing Overhead=$420,000 $35 per machine-hourMachine-Hours12,000Department Two overhead application rate based on direct labor hours:$337,500 $22.50 per direct labor hourDirect Labor Hours15,000Job no. 5

9、8:Dept. OneDept. TwoTotal Direct materials $ 10,100 $ 7,600 $ 17,700 Direct labor 16,500 11,100 27,600 Manufacturing overhead:750 machine-hours $35 per hour 26,250 740 direct labor hours $22.50 per hour 16,650 Total cost of job no. 58 $ 88,200 General Journal Cost of Goods Sold 88,200 Finished Goods

10、 Inventory To record cost of goods sold （job no. 58） to City Furniture. Accounts Receivable （City Furniture） 147,000 Sales To record revenue from sale to City Furniture. Actual manufacturing overhead for January $ 39,010 $ 26,540 Manufacturing overhead applied to jobs:1,100 machine-hours 38,500 1,20

11、0 direct labor hours 27,000 Underapplied manufacturing overheadDept. One $ 510 Overapplied manufacturing overheadDept. Two $ 460 Chapter 17 P805 17.8ABudgeted manufacturing overhead $ 24,600 Budgeted direct labor hours （DLH） 2,500Manufacturing overhead application rate $ 9.84 per DLHManufacturing ov

12、erhead allocated using DLHBasic ChunksCustom Cuts50,000 bags 0.01 DLH per bag $9.84 per DLH $ 4,920 20,000 cases 0.10 DLH per case $ 19,680 Percent of cost driver assigned to each product lineKilowatt hours: Basic Chunks （90,000 KWH 100,000 KWH）90% Custom Cuts （10,000 KWH 10%Machine hours: Basic Chu

13、nks （160 MH 200 NH）80% Custom Cuts （40 MH 200 MH）20%Square feet occupied: Basic Chunks （60,000 Sq. Ft. 80,000 Sq. Ft.）75% Custom Cuts （20,000 Sq. Ft. 25%Direct labor hours: Basic Chunks （500 DLH 2,500 DLH） Custom Cuts （2,000 DLH Manufacturing overhead allocated using ABCUtilities cost pool （using KW

14、H as a cost driver）: Basic Chunks （90% $8,000） $ 7,200 Custom Cuts （10% $ 800 Maintenance cost pool （using MH as a cost driver）: Basic Chunks （80% $1,000） Custom Cuts （20% $ 200 Depreciation cost pool （using Sq. Ft. as a cost driver）: Basic Chunks （75% $15,000） $ 11,250 Custom Cuts （25% $ 3,750 Misc

15、ellaneous cost pool （using DLH as a cost driver）: Basic Chunks （20% $600） $ 120 Custom Cuts （80% $ 480 Total overhead allocated to each product line using ABC $ 19,370 $ 5,230 c.Total manufacturing costs allocated to each product lineDirect Labor: Basic Chunks （50,000 bags $12 per DLH 0.01 DLH） $ 6,

16、000 Custom Cuts （20,000 cases 0.10 DLH） $ 24,000 Direct Materials: $2 per bag） $ 100,000 $4 per case） $ 80,000 Manufacturing Overhead （allocate using ABC）: Basic Chunks （from part b） Custom Cuts （from part b）Total cost allocated using ABC $ 125,370 $ 109,230 d.The Custom Cuts product line is very la

17、bor intensive in comparison to the Basic Chunks product line. Thus, the companys current practice of using direct labor hours to allocate overhead results in the assignment of a disproportionate amount of total overhead to the Custom Cuts product line. If pricing decisions are set as a fixed percent

18、age above the manufacturing costs assigned to each product, the Custom Cuts product line is overpriced in the marketplace whereas the Basic Chunks product line is currently priced at an artificially low price in the marketplace. This probably explains why sales of Basic Chunks remain strong while sales of Custom Cuts are on the decline.e.The benefits the company would achieve by implementing an activity-based costing system include: （1） a better identification of its operating inefficiencies, （2） a better understanding of its overhead cost structure, （3） a better underst