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    Jawaban CH 3 (2) Problem 3-43 AKB ASLAB

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    Rantiyani
    This document contains summaries of 3 accounting problems involving manufacturing overhead. Problem 1 calculates a predetermined overhead rate of $12 per direct labor hour and provides journal entries to record manufacturing costs and overhead application. Problem 2 calculates an overhead rate of $52.50 per machine hour and provides additional journal entries. Problem 3 calculates an overhead rate of $20 per machine hour and more journal entries.

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    Jawaban CH 3 (2) Problem 3-43 AKB ASLAB

    Uploaded by

    Rantiyani
    137 views5 pages
    This document contains summaries of 3 accounting problems involving manufacturing overhead. Problem 1 calculates a predetermined overhead rate of $12 per direct labor hour and provides journal entries to record manufacturing costs and overhead application. Problem 2 calculates an overhead rate of $52.50 per machine hour and provides additional journal entries. Problem 3 calculates an overhead rate of $20 per machine hour and more journal entries.

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    Jawaban CH 3(2) Problem 3-43 AKB ASLAB

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    This document contains summaries of 3 accounting problems involving manufacturing overhead. Problem 1 calculates a predetermined overhead rate of $12 per direct labor hour and provides journal entries to record manufacturing costs and overhead application. Problem 2 calculates an overhead rate of $52.50 per machine hour and provides additional journal entries. Problem 3 calculates an overhead rate of $20 per machine hour and more journal entries.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    137 views5 pages

    Jawaban CH 3 (2) Problem 3-43 AKB ASLAB

    Uploaded by

    Rantiyani
    This document contains summaries of 3 accounting problems involving manufacturing overhead. Problem 1 calculates a predetermined overhead rate of $12 per direct labor hour and provides journal entries to record manufacturing costs and overhead application. Problem 2 calculates an overhead rate of $52.50 per machine hour and provides additional journal entries. Problem 3 calculates an overhead rate of $20 per machine hour and more journal entries.

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    Kunci Jawaban Lab Chapter 3 (2)

    PROBLEM 3-43 (20 MINUTES)

    1. budgeted manufacturing overhead


    Predetermined overhead rate 
    budgeted direct - labor hours
    $240,000
      $12 per hour
    (2,000) (10)

    2. Journal entries:

    (a) Raw-Material Inventory 33,000


    Accounts Payable 33,000

    (b) Work-in-Process Inventory 460


    Raw-Material Inventory 460

    (c) Manufacturing Overhead 100


    Manufacturing-Supplies Inventory 100

    (d) Manufacturing Overhead 8,000


    Accumulated Depreciation: Building 8,000

    (e) Manufacturing Overhead 400


    Cash 400

    (f) Work-in-Process Inventory 34,000


    Wages Payable 34,000

    To record direct-labor cost [(1,000 + 700) x $20].

    Work-in-Process Inventory 20,400


    Manufacturing Overhead 20,400

    To apply manufacturing overhead to work in process ($20,400 = 1,700$12 per hour).

    (g) Manufacturing Overhead 910


    Property Taxes Payable 910

    (h) Manufacturing Overhead 2,500


    Wages Payable 2,500

    (i) Finished-Goods Inventory 14,400


    Work-in-Process Inventory 14,400
    (j) Accounts Receivable 13,500
    Sales Revenue 13,500

    Cost of Goods Sold 10,800*


    Finished-Goods Inventory 10,800

    *$10,800 = (9/12)($14,400)

    PROBLEM 3-45 (35 MINUTES)

    1. Predetermined overhead rate = budgeted overhead ÷ budgeted machine hours


    = $840,000 ÷ 16,000 = $52.50 per machine hour

    2. (a) Work-in-Process Inventory 80,000*


    Raw-Material Inventory 80,000

    Work-in-Process Inventory 130,800**


    Wages Payable 130,800

    * $21,000 + $44,000 + $15,000 = $80,000


    ** $35,000 + $22,000 + $65,000 + $8,800 = $130,800

    (b) Manufacturing Overhead 238,500


    Accumulated Depreciation 34,000
    Wages Payable 60,000
    Manufacturing Supplies Inventory 5,000
    Miscellaneous Accounts 139,500

    (c) Work-in-Process Inventory 231,000*


    Manufacturing Overhead 231,000

    * (1,200 + 700 + 2,000 + 500) x $52.50 = $231,000

    (d) Finished-Goods Inventory 315,250*


    Work-in-Process Inventory 315,250

    * Job 64: $84,000 + $21,000 + $35,000 + (1,200 x $52.50) = $203,000


    Job 65: $53,500 + $22,000 + (700 x $52.50) = $112,250
    $315,250 = $203,000 + $112,250

    (e) Accounts Receivable………………………………………146,950*


    Sales Revenue 146,950

    * $112,250 + $34,700 = $146,950


    Cost of Goods Sold 112,250
    Finished-Goods Inventory 112,250

    3. Job no. 66 and no. 67 are in production as of March 31:


    Job 66: $44,000 + $65,000 + (2,000 x $52.50) $214,000
    Job 67: $15,000 + $8,800 + (500 x $52.50) 50,050
    Total $264,050

    4. Finished-goods inventory increased by $203,000 ($315,250 - $112,250).

    5. The company’s actual overhead amounted to $238,500, whereas applied


    overhead totaled $231,000. Thus, overhead was underapplied by $7,500.

    PROBLEM 3-49 (25 MINUTES)

    budgeted manufacturing overhead


    1. Predetermined overhead rate 
    budgeted machine hours
    $1,464,000
      $20 per machine hour
    73,200

    2. Journal entries:

    (a) Raw-Material Inventory 7,850


    Accounts Payable 7,850

    (b) Work-in-Process Inventory 180


    Raw-Material Inventory 180

    (c) Manufacturing Overhead 30


    Manufacturing-Supplies Inventory 30

    (d) Manufacturing Overhead 800


    Cash 800

    (e) Work-in-Process Inventory 75,000


    Wages Payable 75,000

    (f) Selling and Administrative Expense 1,800


    Prepaid Insurance 1,800

    (g) Raw-Material Inventory 3,000


    Accounts Payable 3,000

    (h) Accounts Payable 1,700


    Cash 1,700

    (i) Manufacturing Overhead 21,000


    Wages Payable 21,000

    (j) Manufacturing Overhead 7,000


    Accumulated Depreciation: Equipment 7,000

    (k) Finished-Goods Inventory 1,100


    Work-in-Process Inventory 1,100

    (l) Work-in-Process Inventory 140,000*


    Manufacturing Overhead 140,000

    *Applied manufacturing overhead = 7,000 machine hours$20 per hour.

    (m) Accounts Receivable 176,000


    Sales Revenue 176,000

    Cost of Goods Sold 139,000


    Finished-Goods Inventory 139,000

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