Fatema Bahlool
04-06-2012, 04:31 PM
ساعدوني بليييييييز حاولت آحل المسائل التالية ولكني ماعرفت بليييييز آبي حل وجواب للمسائل ضروووووري وبأسرع وقت بليييييييييز واوكون لكم شاكرة وممتنة
Questions 1 to 3 are based on the following case;
Crunch Company incurred the following actual cost during 2011:
Direct Material used $275,000
Direct labor $120,000
Manufacturing Overhead $252,000
The Company predetermined overhead rate 1s 210% of direct labor cost, the January. 1. 2011 Inventories were as follows:
Raw material $30,000
Work in process $39,000
Finished goods $42,000
(Each of these inventories balances was 10% higher at the end of the year.
1) Cost of goods manufactured is;
A.$686,000
B.$643,100
C.$647,000
D.$729,900
E. None of the above.
(Show your calculation)
2) Cost of goods sold
A.$643,100
B.$647,000
C.$638,000
D.$639,900
E.None of the above.
3) Which of the following is correct about over or under applied overhead?
A.The over applied is $25,200
B.The Over applied is $252,000
C.The over applied is $391,100
D.There is no over or under applied overhead
E.None of the above
__________________________________________________ __________________
4) MBC Manufacturing uses a job order cost system. Overhead is applied at the rate of $20 per direct labor hour. Job #777 includes $2,000 of direct labor cost and 150 direct labor hours. $1,500 of indirect labor cost was actually incurred. The proper journal entry to record the wage related cost is:
A.Debit Work in Process, $3,500; credit Wages Payable, $3,500.
B.Debit Wage Expense, $3,500; credit Wages Payable, $3,500.
C.Debit Work in Process, $2,000; debit Factory Overhead, $1,500; credit Wages Payable, $3,500.
D.Debit Work in Process, $3,500; credit Factory Overhead, $1,500; credit Wage Expense, $2,000.
__________________________________________________ __________________________
5) Answer the following case;
For each of the following companies suggest at least 3 activities and the cost drivers to be used as bases of allocation for each activity?
1- US Airways
2- Bank of America
3- Sheraton hotel
4- King Faisal hospital
5- McDonalds restaurant
Questions 1 to 3 are based on the following case;
Crunch Company incurred the following actual cost during 2011:
Direct Material used $275,000
Direct labor $120,000
Manufacturing Overhead $252,000
The Company predetermined overhead rate 1s 210% of direct labor cost, the January. 1. 2011 Inventories were as follows:
Raw material $30,000
Work in process $39,000
Finished goods $42,000
(Each of these inventories balances was 10% higher at the end of the year.
1) Cost of goods manufactured is;
A.$686,000
B.$643,100
C.$647,000
D.$729,900
E. None of the above.
(Show your calculation)
2) Cost of goods sold
A.$643,100
B.$647,000
C.$638,000
D.$639,900
E.None of the above.
3) Which of the following is correct about over or under applied overhead?
A.The over applied is $25,200
B.The Over applied is $252,000
C.The over applied is $391,100
D.There is no over or under applied overhead
E.None of the above
__________________________________________________ __________________
4) MBC Manufacturing uses a job order cost system. Overhead is applied at the rate of $20 per direct labor hour. Job #777 includes $2,000 of direct labor cost and 150 direct labor hours. $1,500 of indirect labor cost was actually incurred. The proper journal entry to record the wage related cost is:
A.Debit Work in Process, $3,500; credit Wages Payable, $3,500.
B.Debit Wage Expense, $3,500; credit Wages Payable, $3,500.
C.Debit Work in Process, $2,000; debit Factory Overhead, $1,500; credit Wages Payable, $3,500.
D.Debit Work in Process, $3,500; credit Factory Overhead, $1,500; credit Wage Expense, $2,000.
__________________________________________________ __________________________
5) Answer the following case;
For each of the following companies suggest at least 3 activities and the cost drivers to be used as bases of allocation for each activity?
1- US Airways
2- Bank of America
3- Sheraton hotel
4- King Faisal hospital
5- McDonalds restaurant