TAREA 6
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Industrial Engineering
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Jun 21, 2024
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TAREA 6. 7-26. Assigning Costs to Jobs (LO 7-1, 2)
Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February follow:
Additional information for February follows:
Labor wage rate was $25 per hour.
During the month, sales revenue was $600,000, and selling and administrative costs were $105,000.
This company has no indirect materials or supplies.
The company applies manufacturing overhead on the basis of direct labor costs.
Required 1.
What was the cost of direct materials issued to production during February?
Dado a que la compañía no utiliza materiales indirectos de fabricación, el costo de materiales directos enviados a producción debe de ser igual al abono que se realizó al almacén de materiales : $190,000.00
.
2.
What was the over- or underapplied manufacturing overhead for February?
Son subaplicados
(el saldo de la cuenta de CIF reales es mayor a la de CIF aplicados). El ajuste por CIF subaplicados se calcula mediante una resta de los CIF reales y los CIF aplicados: $155,000-
$150,000 = $5,000.00.
3.
What was the manufacturing overhead application rate in February?
Dado a que no hay horas máquina, la tasa de CIF se puede calcular mediante la siguiente ecuación:
Tasa deCIF
=
CIFestimados
(
CIFaplicados
)
Costos demano de obradirecta estimados
=
$
150,000
$
187,500
=
80.00%
4.
What was the cost of products completed during February?
Eso correspondería al cargo que se realize en la cuenta de almacén de producto terminado, que fue de: $345,000.00.
5.
What was the balance of the Work-in-Process Inventory account at the end of February?
Inventario de producción en proceso
Saldo inicial
$100,000.00 Mano de obra directa
$187,500.00 Materia prima directa
$190,000.00 CIF
$150,000.00 Transferencia a PT
$345,000.00 Saldo
$282,500.00 6.
What was the operating profit for February? Any over- or underapplied overhead is written off to Cost of Goods Sold.
Ventas
$600,000.00 (-) Costo de ventas
$251,000.00 (-) Ajuste
subaplicación
$5,000.00 (-) Gastos operativos
$105,000.00 (=) Utilidad operativa
$239,000.00 7-28. Predetermined Overhead Rates (LO 7-3)
Southern Rim Parts estimates its manufacturing overhead to be $495,000 and its direct labor costs to be $900,000 for year 1. The first three jobs that Southern Rim worked on had actual direct labor costs of $20,000
for Job 301, $30,000 for Job 302, and $40,000 for Job 303. For the year, actual manufacturing overhead was $479,000 and total direct labor cost was $850,000. Manufacturing overhead is applied to jobs on the basis of direct labor costs using predetermined rates.
Required 1.
How much overhead was assigned to each of the three jobs, 301, 302, and 303?
Tasa deCIF
=
CIFestimados
(
CIFaplicados
)
Costos demano de obradirecta estimados
=
$
495,000
$
900,000
=
55
.
00%
Trabajo
Mano de obra
directa
Tasa CIF
CIF aplicado
301
$20,000.00 55%
$11,000.00 302
$30,000.00 55%
$16,500.00 303
$40,000.00 55%
$22,000.00 $49,500.00 2.
What was the over- or underapplied manufacturing overhead for year 1?
En este caso los CIF fueron sobreaplicados (los CIF aplicados fueron mayores que los CIF reales). Los CIF sobreaplicados se calculan mediante una resta: $495,000-$479,000 = $16,000.
7-33. Applying Overhead Using a Predetermined Rate (LO 7-3)
Turco Products uses a job order cost system. The following debits (credits) appeared in Work-in-
Process Inventory for September:
Turco applies overhead to production at a predetermined rate of 120 percent based on direct labor cost. Job 9-27, the only job still in process at the end of September, has been charged direct labor of $35,100.
Required What cost amount of direct materials was charged to Job 9-27?
Saldo de la cuenta (30/09): $237,120,00.
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Sabemos que es el único trabajo en proceso al final de septiembre, por lo cual los $237,120 pertenecen al trabajo 9-27.
Saldo
=
MP
+
Mano deobra Directa
+
CIF
MP
=
Manode obra Directa
+
CIF
+
$
237,120
MP
=
$
35,100
+
$
35,100
∗
1.20
+
$
237,120
Manode obra Directa
=
$
159,900.00