Question
33-38. Construction Company A started construction of the bridge in Seoul in 2019 and completed it in 2021. In 2020, construction of office buildings in
33-38. Construction Company A started construction of the bridge in Seoul in 2019 and completed it in 2021. In 2020, construction of office buildings in Busan. In 2021, the construction of a shopping center began in Gwangju. Construction in Busan and Gwangju was not completed until the end of 2021. The cost of construction work in Seoul, Busan, and Gwangju in 2021 and the amount of improvement in basic works are as follows. The cost of work in progress at the beginning of 2021 is the construction cost of Seoul and Busan incurred in 2019 and 2020.
This enterprise allocates manufacturing overhead costs to individual construction projects based on direct manufacturing costs. The cost for each construction work can be obtained using actual manufacturing overhead costs or planned manufacturing overhead costs.
* Actual costing If this company calculates the actual cost, it distributes the actual manufacturing indirect cost to each construction according to the actual direct manufacturing cost, which is the distribution standard, as shown in the following table. Calculate the manufacturing indirect cost by multiplying the actual distribution ratio obtained by dividing the actual total manufacturing indirect cost by the actual total direct manufacturing cost by the direct manufacturing cost of each construction
Seoul | Busan | Gwangju | Total | |
Actual direct material cost | 90 | 50 | 60 | 200 |
Actual direct labor cost | 20 | 12 | 18 | 50 |
Actual direct manufacturing cost | 110 | 62 | 78 | 250 |
Actual indirect manufacturing cost | 100 | |||
Actual total manufacturing cost for the current period | 350 | |||
the beginning balance of Work in process | 200 | 50 | 0 | 250 |
Total | 600 |
Seoul | Busan | Gwangju | Total | |
Actual direct material cost | 90 | 50 | 60 | 200 |
Actual direct labor cost | 20 | 12 | 18 | 50 |
Actual direct manufacturing cost | 110 | 62 | 78 | 250 |
Actual indirect manufacturing cost | ???Q33 | ???Q34 | ???Q35 | |
Actual total manufacturing cost for the current period | ||||
the beginning balance of Work in process | 200 | 50 | 0 | 250 |
Total | 600 |
36. If a company uses normal costing to quickly obtain cost information for each construction, it determines the estimated allocation rate of manufacturing overhead costs in early 2021. If the projected total manufacturing overhead
cost in 2021 is 120 and the projected direct manufacturing cost is 240, what is the estimated distribution rate?
The result of distributing manufacturing overhead costs calculated by multiplying this planned allocation rate by the actual direct manufacturing cost of each construction is as follows.
Seoul | Busan | Gwangju | Total | |
Actual direct material cost | 90 | 50 | 60 | 200 |
Actual direct labor cost | 20 | 12 | 18 | 50 |
Actual direct manufacturing cost | 110 | 62 | 78 | 250 |
Actual indirect manufacturing cost | ???Q37 | ???Q38 | ???Q39 | |
Actual total manufacturing cost for the current period | ||||
beginning balance of Work in process | 200 | 50 | 0 | 250 |
Total |
40-50. January 2020 is the first month to start production of gochujang. Please fill in the table below using the information below.
(1) Equivalent Units in January
Production data | Physical units (thousand buckets) | Completion | Equivalent units | |
Direct Material | Conversion | |||
Units completed and transferred | 20 | 100% | 20 | 20 |
Work in process, January 31 | 8 | Direct Material 80% | 6.4 | |
Conversion 50% | 4 | |||
Total | 28 | 26.4 | 24 |
cost in information in January
Manufacturing cost | Amount(1,000 won) |
Direct material cost | 66,000 |
Conversion cost | 54,000 |
Current total manufacturing cost | 120,000 |
fill in the table
direct material cost | conversion cost | total | |
cost per equivalent unit | Q40 | Q41 | |
Total manufacturing costs | Q42 | ||
work in process January 31 | Q.43 | ||
total |
please answer all questions as soon as possible thankyou
please answer all these questions answer please answer in little details please answer 1 to 42
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