会计学企业决策的基础答案.docx

1、会计学企业决策的基础答案管理会计作业（chapter16-20）Chapter 16 P757 a.(1)Direct materials purchased $ 410,000 (2)Direct materials used:Materials inventory, beginning of year $ 22,000 Add: Purchases of direct materials 410,000 Cost of direct materials available for use $ 432,000 Less: Materials inventory, end of year 26

2、,000 Cost of direct materials used $ 406,000 (3)Payments of direct labor payrolls $ 189,000 (4)Direct labor cost assigned to production $ 192,000 (5)Total manufacturing costs:Direct materials used part a (2) $ 406,000 Direct labor cost 192,000 Manufacturing overhead 393,600 Total manufacturing costs

3、 $ 991,600 (6)Cost of finished goods manufactured:Work in process inventory, beginning of year $ 5,000 Add: Total manufacturing costs part a (5) 991,600 Cost of all goods in process during the year $ 996,600 Less: Work in process inventory, end of year 9,000 Cost of finished goods manufactured $ 987

4、,600 (7)Cost of goods sold:Beginning inventory of finished goods $ 38,000 Add: Cost of finished goods manufactured part a (6) 987,600 Cost of goods available for sale $ 1,025,600 Less: Ending inventory of finished goods 25,000 Cost of goods sold $ 1,000,600 (8)Total inventory:Materials inventory $ 2

5、6,000 Work in process inventory 9,000 Finished goods inventory 25,000 Total inventory $ 60,000 b.HILLSDALE MANUFACTURING CORP.Schedule of the Cost of Finished Goods ManufacturedFor the Year Ended December 31, 20_ Work in process inventory, beginning of year $ 5,000 Add: Manufacturing costs assigned

6、to production:Direct materials used part a (2) $ 406,000 Direct labor 192,000 Manufacturing overhead 393,600 Total manufacturing costs 991,600 Cost of all goods in process during the year $ 996,600 Less: Work in process, end of year 9,000 Cost of finished goods manufactured $ 987,600 Chapter 16 P761

7、 a.Purchases of direct materials $ 360,000 b.Cost of direct materials used:Materials inventory, beginning of year $ 18,000 Add: Purchases of direct materials 360,000 Cost of materials available for use $ 378,000 Less: Materials inventory, end of year 14,000 Cost of direct materials used $ 364,000 c.

8、Direct labor payrolls paid during the year $ 225,000 d.Direct labor costs assigned to production $ 230,000 e.Overhead costs during the 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 materia

9、ls used (part b) $ 364,000 Direct labor costs assigned to production 230,000 Manufacturing overhead applied to production 400,000 Total manufacturing costs charged to work in process $ 994,000 g.Costs of finished goods manufactured:Work in process inventory, beginning of year $ 20,000 Add: Total man

10、ufacturing costs (part f) 994,000 Cost of all goods in process during the year $ 1,014,000 Less: Cost of work in process inventory, end of year 25,000 Cost of finished goods manufactured $ 989,000 h.Cost of goods sold:Beginning inventory of finished goods $ 98,000 Add: Cost of finished goods manufac

11、tured (part g) 989,000 Cost of goods available for sale $ 1,087,000 Less: Ending inventory of finished goods 110,000 Cost of goods sold $ 977,000 i.Total inventory at year-end:Materials inventory $ 14,000 Work in process inventory 25,000 Finished goods inventory 110,000 Total inventory $ 149,000 Cha

12、pter 17 P802 a.Department 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:Manufacturing Overhead=$337,500 =$ per direct labor hourDirect Labor Hours15,000

13、 b.Job no. 58: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 26,250 740 direct labor hours $ per hour 16,650 16,650 Total cost of job no. 58 $ 88,200 c.General Journal Cost of Goods Sol

14、d 88,200 Finished Goods Inventory 88,200 To record cost of goods sold (job no. 58) to City Furniture. Accounts Receivable (City Furniture) 147,000 Sales 147,000 To record revenue from sale to City Furniture. d.Dept. OneDept. Two Actual manufacturing overhead for January $ 39,010 $ 26,540 Manufacturi

15、ng overhead applied to jobs:1,100 machine-hours $35 per hour 38,500 1,200 direct labor hours $ per hour 27,000 Underapplied manufacturing overheadDept. One $ 510 Overapplied manufacturing overheadDept. Two $ 460 Chapter 17 P805 a.Budgeted manufacturing overhead $ 24,600 Budgeted direct labor hours (

16、DLH) 2,500Manufacturing overhead application rate $ per DLHManufacturing overhead allocated using DLHBasic ChunksCustom Cuts50,000 bags DLH per bag $ per DLH $ 4,920 20,000 cases DLH per case $ per DLH $ 19,680 b.Percent of cost driver assigned to each product lineBasic ChunksCustom CutsKilowatt hou

17、rs: Basic Chunks (90,000 KWH 100,000 KWH)90% Custom Cuts (10,000 KWH 100,000 KWH)10%Machine hours: Basic Chunks (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. 80,000 Sq. Ft.)25%Direct labor hours: Basi

18、c Chunks (500 DLH 2,500 DLH)20% Custom Cuts (2,000 DLH 2,500 DLH)80%Manufacturing overhead allocated using ABCBasic ChunksCustom CutsUtilities cost pool (using KWH as a cost driver): Basic Chunks (90% $8,000) $ 7,200 Custom Cuts (10% $8,000) $ 800 Maintenance cost pool (using MH as a cost driver): B

19、asic Chunks (80% $1,000) $ 800 Custom Cuts (20% $1,000) $ 200 Depreciation cost pool (using Sq. Ft. as a cost driver): Basic Chunks (75% $15,000) $ 11,250 Custom Cuts (25% $15,000) $ 3,750 Miscellaneous cost pool (using DLH as a cost driver): Basic Chunks (20% $600) $ 120 Custom Cuts (80% $600) $ 48

20、0 Total overhead allocated to each product line using ABC $ 19,370 $ 5,230 c.Total manufacturing costs allocated to each product lineBasic ChunksCustom CutsDirect Labor: Basic Chunks (50,000 bags $12 per DLH DLH) $ 6,000 Custom Cuts (20,000 cases $12 per DLH DLH) $ 24,000 Direct Materials: Basic Chu

21、nks (50,000 bags $2 per bag) $ 100,000 Custom Cuts (20,000 cases $4 per case) $ 80,000 Manufacturing Overhead (allocate using ABC): Basic Chunks (from part b) $ 19,370 Custom Cuts (from part b) $ 5,230 Total cost allocated using ABC $ 125,370 $ 109,230 d.The Custom Cuts product line is very labor in

22、tensive 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 percentage ab

23、ove 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

24、 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 understanding of the resource requirements of each product line, (4) the potential to increase