P20-1A

840,000
a. Predetermined overhead = 700,000 = 1,2 = 120%

b.
Job No.50
Date Direct Materials Direct Labor Manufacturing overhead
01-Jan $20,000 $12,000 $16,000
During Jan $10,000 $5,000 $6,000
Total $30,000 $17,000 $22,000

Job 51
Date Direct Materials Direct Labor Manufacturing overhead
During Jan $39,000 $25,000 $30,000
Total $39,000 $25,000 $30,000

Job 52
Date Direct Materials Direct Labor Manufacturing overhead
During Jan $30,000 $20,000 $24,000
Total $30,000 $20,000 $24,000

Balance Sheet Job 50

Inventories:
DM : 30,000
DL : 17,000
MOH : 22,000
Total cost : 69,000

Balance Sheet Job 51

Inventories:
DM : 39,000
DL : 25,000
MOH : 30,000
Total cost : 94,000
c.
Debit Credit
Raw Material Inventory 90,000
Account Payable 90,000
Factory labor 70,000
Emplpyer Payroll Taxes Payable
Factory Wages Payable 16,000
54,000
MOH 65,000
Raw Materials Inventory 17,000
Factory Labor 20,000
Accumulated Depreciation 12,000
Account Payable 16,000

d.
Debit Credit
WIP Inventory 79,000
Raw Material Inventory 79,000
Factory Labor 50,000
MOH 60,000

e.
Total Job cost sheet (J49+J50+J51) = 90,000 + 69,000 + 94,000 = 253,000
Debit Credit
Finished goods Inventory 253,000
WIP Job 49 90,000
Job 50 69,000
Job 51 94,000

f.
Job 49
Debit Credit
Account Receivable 122,000
Sale Revenue 122,000
COGS 90,000
F.g Inventory 90,000
Job 50
Debit Credit
Account Receivable 158,000
Sale Revenue 158,000
COGS 69,000
F.g Inventory 69,000

g)
F.g Inventory
253,000 Job 49 90,000
Job 50 69,000
Bal. 94,000
 This balance consist of job 49 & job 50
h)
MOH
65,000 60,000
Bal 5,000
 Underapplied

P20-2A
a.
DM DL MOH
Beginning balance
J40 30,000 J40 36,000 J40 43,200
J7640 77,800
J41 43,000 J41 48,000 J41 57,600
J7641 50,600
J42 58,000 J42 55,000 J42 66,000
128,400
131,000 139,000 166,800
 Completed job J41 WIP Inventory
Completed job J40
Beg.Bal 50,600 Beg Bal 128,400 386,200
Beg.Bal 77,800
DM 43,000 DM 131,000
DM 30,000
DL 48,000 DL 139,000
DL 36,000
MOH 57,600 MOH 166,800
MOH 43,200
199,200 Bal. 179,000
187,000
 J42 unfinised as results 179,000
 Total completed job = 187,000 + 199,200 = 386,200
b.
MOH
160,000 166,800
6,800
 Overapplied
Debit Credit
MOH 6,800
COGS 6,800

c.
Total COGS = Job 38 + Job 39 + Job 41 = 87,000 + 92,000 + 199,200 = 378,200
Gross profit = Net sale – COGS – Overapplied = 530,000 – 378,200 – 6,800 = 145,000
P20-3A
a.
(1)
Debit Credit
Raw Material Inventory 4,900
Account Payable 4,900
Factory Labor 4,800
Cash 4,800
MOH 1,300
Account Payable 400
Accummualated Depreciation 900
(2)
Debit Credit
WIP Inventory 4,900
MOH 1,500
DM 6,400
WIP Inventory 3,600
MOH 1,200
Factory labor 4,800

MOH = Predetermined x Direct labor cost = 1,25 x 3,600= 4,500

Debit Credit
WIP Inventory 4,500
MOH 4,500

(3)
Debit Credit
F.g Inventory 5,540
WIP Inventory 5,540
Account Receivable 18,900
Sale Revenue 18,900
COGS 5,540
F.g Inventory 5,540

b.
WIP Inventory
Beg Bal. 5,540 Completed job 14,740
DM 4,900
DL 3,600
MOH applied 4,500
Ending 3,800
c.
MOH (Koss) = 800 x 1,25 = 1,000
Calculation for the total cost of unfinished job Koss:
DM 2,000
DL 800
MOH 1,000
Total 3,800
Debit Credit
WIP Inventory 3,800
Unfinished Job Koss 3,800

d.
COG Manufactured schedule
Beginning work in process 5,540
DM used 4,900
DL 3,600
MOH applied 4,500
Total manufacturing cost 13,000
Total cost of WIP 18,540
Less: Ending WIP 3,800
COG Manufactured 14,740

P20-4A
a.
1,200,000
Predetermined overhead rate D = = 80%
1,500,000
1,500,000
Predetermined overhead rate E = = $12 per direct labor hours
1,250,000
900,000
Predetermined overhead rate K = = $7.5 per machine hour
120,000
b.
D E K
MOH applied 120,000x80%=96,000 11,000x12=132,000 10,400x7.5=78,000

D E K
DM used 140,000 126,000 78,000
DL costs 120,000 110,000 37,500
MOH applied 96,000 132,000 78,000
Total manufaturing cost 356,000 368,000 193,500

c.
D E K
Actual 99,000 124,000 79,000
Applied 96,000 132,000 78,000
Under (over) applied 3,000 8,000 1,000
(under) (over) (under)

P20-5A
Một số công thức cần lưu ý:
 Direct material WIP = Requistion – Indirect material
 Complete job WIP Inventory = Complete job COG Inventory
 Indirect labor = Wages assigned – Direct labor

 (a) + 17,225 – 16,850 = 7,975 => (a)=7,600

 (d) = 8,400 x 75% = 6,300
 MOH (new) = 15,000 x 75% = 11,250 => (b) = 9,500 + 15,000 +11,250 = 36,000
 (c) = 16,850 – 2,900 = 13,950
 MOH (new) = 4,800 x 75% = 3,600 => (e) = 3,800 + 3,600 + 4,800 = 12,200
 (36,000 + 13,950 + 8,400 + 6,300) – f =12,200 => (f) = 52,400
 (g) = 5,000
 (h) = (f) = 52,400
 (j) = 4,000
 5,000 + 52,450 – i = 4,000 => i=53,450
 (k) = 12,025
 (l) = 12,025 – 8,400 = 3,625
 2,900 + 3,625 + 1,245 – m = 1,470 => (m) = 6,300