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Among the objectives are to determine the total amount of costs added in October to WIP and to Job No. 6528 The Costs per unit
Among the objectives are to determine the total amount of costs added in October to WIP and | ||||||
to Job No. | 6528 | |||||
The Costs per unit for each type of input by category are given in the table below. | ||||||
Machine costs are treated as overhead. Direct costs pertain to materials and labor. | ||||||
There are two types of labor, "skilled" and "normal". Each has a separate | ||||||
cost per labor hour. There are three types of materials used by TruBent, | ||||||
once again each material is measured in an appropriate input unit and the | ||||||
cost per unit is with respect to that input unit. | ||||||
Type | Category | Cost per unit | ||||
OH | Machine T1 | $ 35.00 | ||||
Machine T2 | $ 42.00 | |||||
Machine T3 | $ 45.00 | |||||
Materials | Mat X1 | $ 5.25 | ||||
Mat X2 | $ 7.50 | |||||
Mat X3 | $ 13.20 | |||||
Labor | Normal | $ 29.00 | ||||
Skilled | $ 41.00 | |||||
Required - Part 1 | ||||||
Questions 1 to 6 pertain only to Job No. ===> | 6528 | |||||
Enter your answers in the appropriate Yellow shaded cell!!! | ||||||
Determine the total Direct Material costs added (to WIP) in October | Q1 | |||||
Determine the total Direct Labor costs added in October | Q2 | |||||
Determine the total Machine 1 related OH costs added in October | Q3 | |||||
Determine the total Machine 2 related OH costs added in October | Q4 | |||||
Determine the total Machine 3 related OH costs added in October | Q5 | |||||
Determine the total manufacturing costs added in October | Q6 | |||||
Required - Part 2 | ||||||
Questions 7 to 12 pertain to all work done in October (i.e., include all jobs) | ||||||
Determine the total Direct Material costs added in October | Q7 | |||||
Determine the total Direct Labor costs added in October | Q8 | |||||
Determine the total Machine 1 related OH costs added in October | Q9 | |||||
Determine the total Machine 2 related OH costs added in October | Q10 | |||||
Determine the total Machine 3 related OH costs added in October | Q11 | |||||
Determine the total manufacturing costs added in October | Q12 | |||||
Required - Part 3 | ||||||
Questions 13 to 18 pertain to all work done on October 27 through October 30 (inclusive) | ||||||
Determine the total Direct Material costs added | Q13 | |||||
Determine the total Direct Labor costs added | Q14 | |||||
Determine the total Machine 1 related OH costs added | Q15 | |||||
Determine the total Machine 2 related OH costs added | Q16 | |||||
Determine the total Machine 3 related OH costs added | Q17 | |||||
Determine the total manufacturing costs added | Q18 | |||||
Required - Part 4 | ||||||
Questions 19 to 20 | ||||||
Assume the actual overhead for the October is: | $ 172,900 | |||||
Answer the following two questions regarding the closing of the mfg. overhead | ||||||
accounts for the month. You should create PivotTables that show the overhead | ||||||
applied for the month, the amount of overhead applied by job, and the amount of | ||||||
overhead applied to each job as a percentage of the total OH applied. | ||||||
What is the total amount of overhead under (use a positive number) or over | Q19 | |||||
(use a negative number) applied during the month? | ||||||
What is the total amount of adjustment required to be made to Job 6500? | Q20 | |||||
Use a positive number to indicate that the adjustment is a debit to WIP - Job 6500 | ||||||
and a negative number to indicate the adjustment is a credit to WIP - Job 6500 | ||||||
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