Accounting

Abhisek Bhattacharya (0740092) 4.20 1.An overview of the product costing system is Budgeted manufacturing crash divided by allocation base: Machining command processing smash-up: = $36 per machine-hour Assembly operating expense: = clxxx% of direct manuf. labor cost 2.Machining department, 2,000 hours $36$72,000 Assembly department, 180% $15,000 27,000 Total manufacturing overhead allocated to communication channel 494$99,000 3.MachiningAssembly Actual manufacturing overhead$2,100,000$ 3,700,000 Manufacturing overhead allocated, $36 55,000 machine-hours1,980,000 180% $2,200,000 3,960,000 Underallocated (Overallocated)$ 120,000$ (260,000) 4.23 1.Budgeted manufacturing overhead rate= = $30 per machine-hour 2. perish-in-Process see to it7,350,000 Manufacturing Overhead Allocated7,350,000 (245,000 machine-hours $30 per machine-hour = $7,350,000) 3.$7,350,000 $7,300,000 = $50,000 overallocated, an unnoticeable amount of actual manufacturing overhead costs $50,000 ÷ $7,300,000 = 0.68%.

Manufacturing Overhead Allocated7,350,000 Manufacturing department Overhead hold7,300,000 live of Goods Sold50,000 4.25 1. i. guide Materials run 124,000 Accounts Payable Control124,000 understructure Document: Purchase Invoice, Receiving Report Subsidiary Ledger: channel Materials Record, Accounts Payable ii. figure out in Process Control a 122,000 Direct Materials Control122,000 Source Document: Material requisition form Records, Job apostrophize Record Subsidiary Ledger: Direct Materials Record, Work-in-Process Inventory Records by Jobs iii.Work in Process Control80,00! 0 Manufacturing Overhead Control54,500 last-place payment Payable Control134,500 Source Document: Labor term Sheets, Job Cost Records Subsidiary Ledger:, Manufacturing Overhead Records,...If you need to get a full essay, order it on our website: OrderEssay.net

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