منتدى المحاسبين المصريين - الرجاء مساعدتي في حل هذه المسائل المحاسبية

بسم الله الرحمن الرحيم

الرجاء من أي محاسب مختص مساعدتي في حل هذه المسائل المحاسبية
( أبي نخوتكم يا عرب )

Questions from 1 to 6 are based in the following cost information:

The cost accountant of MARSHAL SHOES Company extracts the following costing information:

Actual manufacturing overhead $350,000
Actual machine hours 12000 hours
Actual direct labour hours 20000 hours
Actual direct labour rate $18
Budgeted sales revenue $210,000
Budgeted machine hours 11000 hours
Budgeted direct labour hours 22000 hours
Budgeted manufacturing overhead $375,000

1. If a machine hour is the cost driver, the predetermined overhead rate is what amount?

A. Not enough information to calculate.
B. $34.1 per machine hour.
C. $17 per machine hour.
D. $31.8
E. None of the above.

2. If direct labour dollar is the cost driver, the predetermined overhead rate is what amount?

A. $20.83 per direct labour dollar.
B. Not enough information to calculate.
C. $17 per direct labour dollar.
D. None of the above.
E. $18 per direct labour dollar.

3. If a direct labour hour is the cost driver, the predetermined overhead rate is what amount?

A. $15.9 per direct labour hour.
B. $34.1 per machine hour.
C. $17 per machine hour.
D. $31.8
E. None of the above.

4. How much is the over or under applied overhead cost, if machine hours is the bases of allocation of manufacturing overhead?

A. $59000 over applied.
B. $25000 under applied.
C. $12500 under applied.
D. None of the above.

5. How much is the over or under applied if direct labour hours is the bases of allocation of manufacturing overhead?
A. $25000 over applied.
B. $9091 over applied.
C. None of the above.
D. $62500 over applied

6. How much is the over or under applied if direct labour dollar is the bases of allocation of manufacturing overhead?
A. cannot be determined.
B. $66,666 over applied.
C. $10,000 under applied.
D. $10,000 over applied.
E. $25,000 over applied

9. ABC Inc. has determined that the shipment setup costs should be accounted for at the batch-level of activities. ABC company believes that the costs assigned to the shipment setup for the current period will be $440,000. ABC is estimating that there will be 400 shipments totalling 8,000 units during the current period. How much cost should be allocated to each shipment?

A. $55
B. $110
C. $550
D. $1,10016.

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, $2,000; debit Factory Overhead, $1,500; credit Wages Payable, $3,500.
B. Debit Work in Process, $3,500; credit Wages Payable, $3,500.
C. Debit Wage Expense, $3,500; credit Wages Payable, $3,500.
D. Debit Work in Process, $3,500; credit Factory Overhead, $1,500; credit Wage Expense, $2,000.
E. None of the above entry is correct.

19. Production reports of worldwide Manufacturing company for the second quarter of 2010 show the following data:
Months Machine hours Direct labor hours Direct labor cost Direct martial cost Actual overhead
April 1800 2400 $12000 $6400 $7260
May 2400 2000 $11750 $5700 $5990
June 2000 1800 $8800 $9000 $5425

Which variable would be the most likely basis for allocating overhead?
A. Labour Cost
B. Materials Cost
C. Machine-hours
D. Labour Hours
E. None of the above

Questions from 21 to 27 are based on the Case;

The following costing and financial information refers to Global Plastic Inc. for the year of 2010;
Sales Revenues 2,105,000
Raw Material Inventory (1 January 2009) 89,000
Raw Material Inventory (31 December 2009) 59,000
Purchases of Raw Material during the year 731,000
Direct Labour Cost 474,000
Selling and Administration Expenses 200,000
Indirect Labour Costs 150,000
Depreciation of Administration building 69,000
Property Tax on Factory 90,000
Depreciation on Factory building 125,000
Income Tax expense 25,000
Indirect Material used 45,000
Depreciation on Factory Equipments 60,000
Insurance on Factory and Equipments 40,000
Utilities for Factory 70,000
Work in Process Inventory (1 January 2009) 0
Work in Process Inventory(31 December 2009) 40,000
Finished Goods Inventory (1 January 2009) 35,000
Finished Goods Inventory (31 December 2009) 40,000
Manufacturing overhead Applied 577,500

21. the Manufacturing overhead cost is Over or under applied by;
A. $3,000 under applied.
B. $67,500 over applied.
C. $2,500 under applied.
D. $71,500 under applied.
E. None of the Above.

22. the Company PRIME COST is;
A. $1,815,000
B. $1,385,000
C. $761,000
D. $1,235,000
E. None of the Above.

23. the Company Conversion Cost is;
A. $1,815,000
B. $1,385,000
C. $1,054,000
D. $1,235,000

24. If the Company management policy is to close the over applied or under applied overhead into Cost of Goods sold, which of the following journal entry is correct?
A. Dr Manufacturing overhead applied 577,500
Dr Cost of goods sold 3,000
Cr Manufacturing overhead actual 580,000

B. Dr Manufacturing overhead applied 577,500
Dr Cost of goods sold 2,500
Cr Manufacturing overhead actual 580,000

C. Dr Manufacturing overhead Actual 577,500
Dr Cost of goods sold 2,500
Cr Manufacturing overhead actual 580,000

D. None of the Above.

25. What is the Company Net Income for the year 2009?
A. $38,500
B. $107,500
C. $$635,00
D. None of the above.

26. What is the Company cost of goods manufactured?
A. $1,855,000
B. $1,775,000
C. $1,844,000
D. $1,815,000
E. None of the above.

27. What is the company cost of goods sold?
A. $1,775,000
B. $1,810,000
C. $1,772,500

Questions from 28 to 30 are based on the following information:

Job G34 was unfinished at the end of the accounting period. The total cost assigned to the job is $48,000 of which $12,000 is direct material. Factory overhead is allocated to goods in process at 125% of direct labour cost.

28. What was the amount of direct labour charged to Job G34?
A. $12,000
B. $16,000
C. $36,000
D. Cannot be determined from information given.
E. $28,800

29. What was the amount of manufacturing overhead allocated to Job G34?
A. $32,000
B. $36,000
C. $19,200
D. None of the above.

30. What was the amount of total cost of goods manufactured for job G34?
A. $48,000
B. $64,000
C. Cannot be determined.
D. $84,000

32. Beginning work in process was 1,200 units, 2,800 additional units were put into production, and ending work in process was 500 units. How many units were completed?

A. 500 units
B. 3,000 units
C. 3,300 units
D. 3,500 units

38. ABC company has determined that the shipment setup costs should be accounted for at the batch-level of activities. ABC believes that the costs assigned to the shipment setup for the current period will be $440,000. ABC is estimating that there will be 400 shipments totalling 8,000 units during the current period. How much cost should be allocated to an order of 70 units that requires three shipments to deliver?

A. $165

B. $1,100

C. $3,200

D. $3,850
E. None of the above.