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wj026_
acct505_week_2_quiz_rev_1.docx
2. (TCO F) Job 728 was recently completed. The following data have been recorded on its job cost sheet:
|
Direct materials |
$81,000 |
|
Direct labor hours |
1,220 labor hours |
|
Direct labor wage rate |
$15 per labor-hour |
|
Machine Hours |
1,520 machine hours |
|
Number of units completed |
4,400 units |
The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $16 per machine-hour. Compute the unit product cost that would appear on the job cost sheet for this job. (Points : 15)
4. (TCO F) Hunsicker Corporation has provided the following data for the month of January:
|
Inventories |
|
Beginning |
Ending |
|
|
Raw materials |
$30,000 |
$33,000 |
|
|
Work In process |
$20,000 |
$18,000 |
|
|
Finished goods |
$52,000 |
$60,000 |
|
Additional Information |
|
|
|
|
Raw material purchases |
$63,000 |
|
|
Direct labor costs |
$92,000 |
|
|
Manufacturing overhead cost incurred |
$75,000 |
|
|
Indirect materials included in manufacturing overhead costs incurred |
$6,000 |
|
|
Manufacturing overhead cost applied to work in process |
$69,000 |
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form.
