ACTG Assignment 1

Topics: Costs, Manufacturing, Mass production Pages: 4 (255 words) Published: January 29, 2014


ACTG 2P12
Assignment #1
Marisa Harnock
4956785

WCP-2)
a)
Waterways Corporation
Cost of Goods Manufactured Schedule
Period Ending ------
Work in Process, Beginning 52,900
Direct Materials
Raw Materials Inventory, Beginning 38,000
Raw Materials Purchased185,400
Total Raw Materials Available For Use223,400
Less: Raw Materials Inventory, End 52,700
Direct Materials Used 170,700
Direct Labour 192,500
Manufacturing Overhead
Indirect Labour 42,000
Factory Utilities 10,200
Factory Depreciation 17,920
Factory Insurance 5,000
Factory Maintenance 4,700
Factory Supplies 16,800
Factory Services 15,100
Total Manufacturing Overhead Cost111,720
Total Manufacturing Costs472,920
Less: Work in Process, End 42,000
Cost of Goods Manufactured483,820

b)
#1 = 170,000 – 145,000
700 – 500
#1 = $125/DLH
#1 = Activity Level x Rate
#1 = 700 DLH x $125/DLH
#1 = $87,500
Fixed Cost = 170,000 – 87,500
Fixed Cost = 82,500
y= 125x + 82,500

# 2 = 176,000 – 148,000
32,000 – 24,000
#2 = 3.5
#2 = Activity Level x Rate
#2 = 32,000 x 3.5
#2 = $112,000
Fixed Cost = 176,000 – 112,000
Fixed Cost = 64,000
y= 3.5x + 64,000

C3-47)
a)
Predetermined Overhead Rate = Estimated Overhead Cost
Expected Activity
Predetermined Overhead Rate = $606,000
120,000 DLH
Predetermined Overhead Rate = $5.05/DLH

b)
Direct Labour Rate = Direct Labour Wages
Hours Used
Direct Labour Rate = $51,000
(3,500 + 3,000 + 2,000) DLH
Direct Labour Rate = $6/DLH

Job X-50
Beg. DM $54,000
Nov. DM $45,000
Nov. DL $21,000
Nov. OH $17,675
Total $137,675

DL = 3,500 DLH x $6/DLH
DL = $21,000
OH = 3,500 DLH x $5.05/DLH
OH = $17,675

Job X-51
Nov. DM $37,500
Nov. DL $18,000
Nov. OH $...
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