会计学企业决策的基础 答案Word文档格式.docx

会计学企业决策的基础 答案Word文档格式.docx

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（5）

Totalmanufacturingcosts:

Directmaterialsused[parta

（2）]

Directlaborcost

192,000

Manufacturingoverhead

393,600

Totalmanufacturingcosts

$991,600

（6）

Costoffinishedgoodsmanufactured:

Workinprocessinventory,beginningofyear

$5,000

Totalmanufacturingcosts[parta（5）]

991,600

Costofallgoodsinprocessduringtheyear

$996,600

Workinprocessinventory,endofyear

9,000

Costoffinishedgoodsmanufactured

$987,600

（7）

Costofgoodssold:

Beginninginventoryoffinishedgoods

$38,000

Costoffinishedgoodsmanufactured[parta（6）]

987,600

Costofgoodsavailableforsale

$1,025,600

Endinginventoryoffinishedgoods

25,000

Costofgoodssold

$1,000,600

（8）

Totalinventory:

Materialsinventory

$26,000

Workinprocessinventory

Finishedgoodsinventory

Totalinventory

$60,000

b.

HILLSDALEMANUFACTURINGCORP.

ScheduleoftheCostofFinishedGoodsManufactured

FortheYearEndedDecember31,20__

Workinprocessinventory,beginningofyear

Add:

Manufacturingcostsassignedtoproduction:

Directlabor

Costofallgoodsinprocessduringtheyear

Less:

Workinprocess,endofyear

Costoffinishedgoodsmanufactured

Chapter16P761

Purchasesofdirectmaterials

$360,000

b.

Costofdirectmaterialsused:

$18,000

360,000

Costofmaterialsavailableforuse

$378,000

14,000

$364,000

c.

Directlaborpayrollspaidduringtheyear

$225,000

d.

Directlaborcostsassignedtoproduction

$230,000

e.

Overheadcostsduringtheyear

$400,000

Unitsintheactivitybase（directlaborcosts）

230,000

Overheadstatedasapercentageofdirectlaborcosts

（$400,000÷

$230,000）

174%

f.

Directmaterialsused（partb）

Manufacturingoverheadappliedtoproduction

400,000

Totalmanufacturingcostschargedtoworkinprocess

$994,000

g.

Costsoffinishedgoodsmanufactured:

$20,000

Totalmanufacturingcosts（partf）

994,000

$1,014,000

Costofworkinprocessinventory,endofyear

$989,000

h.

$98,000

Costoffinishedgoodsmanufactured（partg）

989,000

$1,087,000

110,000

$977,000

i.

Totalinventoryatyear-end:

$14,000

$149,000

Chapter17P802

DepartmentOneoverheadapplicationratebasedonmachine-hours:

ManufacturingOverhead

=

$420,000

$35permachine-hour

Machine-Hours

12,000

DepartmentTwooverheadapplicationratebasedondirectlaborhours:

$337,500

$perdirectlaborhour

DirectLaborHours

15,000

Jobno.58:

Dept.One

Dept.Two

Total

Directmaterials

$10,100

$7,600

$17,700

Directlabor

16,500

11,100

27,600

Manufacturingoverhead:

750machine-hours×

$35perhour

26,250

740directlaborhours×

$perhour

16,650

Totalcostofjobno.58

$88,200

GeneralJournal

CostofGoodsSold

88,200

FinishedGoodsInventory

Torecordcostofgoodssold（jobno.58）

toCityFurniture.

AccountsReceivable（CityFurniture）

147,000

Sales

TorecordrevenuefromsaletoCityFurniture.

ActualmanufacturingoverheadforJanuary

$39,010

$26,540

Manufacturingoverheadappliedtojobs:

1,100machine-hours×

38,500

1,200directlaborhours×

27,000

Underappliedmanufacturingoverhead—Dept.One

$510

Overappliedmanufacturingoverhead—Dept.Two

$460

Chapter17P805

Budgetedmanufacturingoverhead

$24,600

Budgeteddirectlaborhours（DLH）

÷

2,500

Manufacturingoverheadapplicationrate

$

perDLH

ManufacturingoverheadallocatedusingDLH

BasicChunks

CustomCuts

50,000bags×

DLHperbag×

$perDLH

$4,920

20,000cases×

DLHpercase×

$19,680

Percentofcostdriverassignedtoeachproductline

Kilowatthours:

BasicChunks（90,000KWH÷

100,000KWH）

90%

CustomCuts（10,000KWH÷

10%

Machinehours:

BasicChunks（160MH÷

200NH）

80%

CustomCuts（40MH÷

200MH）

20%

Squarefeetoccupied:

BasicChunks（60,000Sq.Ft.÷

80,000Sq.Ft.）

75%

CustomCuts（20,000Sq.Ft.÷

25%

Directlaborhours:

BasicChunks（500DLH÷

2,500DLH）

CustomCuts（2,000DLH÷

ManufacturingoverheadallocatedusingABC

Utilitiescostpool（usingKWHasacostdriver）:

BasicChunks（90%×

$8,000）

$7,200

CustomCuts（10%×

$800

Maintenancecostpool（usingMHasacostdriver）:

BasicChunks（80%×

$1,000）

CustomCuts（20%×

$200

Depreciationcostpool（usingSq.Ft.asacostdriver）:

BasicChunks（75%×

$15,000）

$11,250

CustomCuts（25%×

$3,750

Miscellaneouscostpool（usingDLHasacostdriver）:

BasicChunks（20%×

$600）

$120

CustomCuts（80%×

$480

TotaloverheadallocatedtoeachproductlineusingABC

$19,370

$5,230

c.

Totalmanufacturingcostsallocatedtoeachproductline

DirectLabor:

BasicChunks（50,000bags×

$12perDLH×

DLH）

$6,000

CustomCuts（20,000cases×

$24,000

DirectMaterials:

$2perbag）

$100,000

$4percase）

$80,000

ManufacturingOverhead（allocateusingABC）:

BasicChunks（frompartb）

CustomCuts（frompartb）

TotalcostallocatedusingABC

$125,370

$109,230

d.

TheCustomCutsproductlineisverylaborintensiveincomparisontotheBasicChunksproductline.Thus,thecompany’scurrentpracticeofusingdirectlaborhourstoallocateoverheadresultsintheassignmentofadisproportionateamountoftotaloverheadtotheCustomCutsproductline.Ifpricingdecisionsaresetasafixedpercentageabovethemanufacturingcostsassignedtoeachproduct,theCustomCutsproductlineisoverpricedinthemarketplacewhereastheBasicChunksproductlineiscurrentlypricedatanartificiallylowpriceinthemarketplace.ThisprobablyexplainswhysalesofBasicChunksremainstrongwhilesalesofCustomCutsareonthedecline.

e.

Thebenefitsthecompanywouldachievebyimplementinganactivity-basedcostingsysteminclude:

（1）abetteridentificationofitsoperatinginefficiencies,

（2）abetterunderstandingofitsoverheadcoststructure,（3）abetterunderstandingoftheresourcerequirementsofeachproductline,（4）thepotentialtoincrease