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INTRODUCTION TO MANAGEMENI ACCOUNTING IOC Problem 13-A1 Name Section F G Kevin Aeronautics Company A D E H B C 5 Data Input Section: 7

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INTRODUCTION TO MANAGEMENI ACCOUNTING IOC Problem 13-A1 Name Section F G Kevin Aeronautics Company A D E H B C 5 Data Input Section: 7 Budget Predictions 8 Direct-labor cost 9 Factory overhead 10 Direct-labor hours 11 Machine hours Department A $ 1,540,000 $ 1,936,000 88,000 352,000 Department B $ 1,230,000 $ 1,020,600 126,000 18,000 13 Department B 19.529 9,600 1.260 130 880 Actual cost records for product M89 Department A 15 Material placed in production 12,500 16 Direct-labor cost 10,600 17 Direct-labor hours 18 Machine hours 3,520 19 Additional information for part 3: 20 Total units produced 21 Additional information for part 4: 22 Actual results for 20X0 Department A 23 Actual overhead costs incurred S 1,390,000 24 Actual direct-labor hours 83.000 25 Actual machine hours 304,000 26 Output Section: Department A 28 1. Budgeted overhead rate Formula 1 105 Department B $ 1,230,000 117.000 22.000 Department B Formula 2 30 2. Total overhead cost per department Formula 3 Formula 31 32 Total overhead cost of product M89--- Formula 105 20 Total units produced 21 Additional information for part 4: 22 Actual results for 20X0 23 Actual overhead costs incurred 24 Actual direct-labor hours 25 Actual machine hours 26 Output Section: Department A $ 1,390,000 83,000 304,000 Department B $ 1,230,000 117,000 22,000 Department A Formula 1 Department B Formula 2 28 1. Budgeted overhead rate 30 2. Total overhead cost per department Formula 3 Formula 4 32 Total overhead cost of product M89- Formula 5 34 3. Unit cost of product M89- Formula 6 36 Part 4 37 Actual overhead costs incurred for 20X0 38 Applied overhead for 20X0 39 Under (over) applied overhead 40 Factory as a whole Department A $ 1,390,000 Formula 7 Formula 8 Department B S 1.230.000 Formula 9 Formula 10 Formula 1 End of Problem INTRODUCTION TO MANAGEMENI ACCOUNTING IOC Problem 13-A1 Name Section F G Kevin Aeronautics Company A D E H B C 5 Data Input Section: 7 Budget Predictions 8 Direct-labor cost 9 Factory overhead 10 Direct-labor hours 11 Machine hours Department A $ 1,540,000 $ 1,936,000 88,000 352,000 Department B $ 1,230,000 $ 1,020,600 126,000 18,000 13 Department B 19.529 9,600 1.260 130 880 Actual cost records for product M89 Department A 15 Material placed in production 12,500 16 Direct-labor cost 10,600 17 Direct-labor hours 18 Machine hours 3,520 19 Additional information for part 3: 20 Total units produced 21 Additional information for part 4: 22 Actual results for 20X0 Department A 23 Actual overhead costs incurred S 1,390,000 24 Actual direct-labor hours 83.000 25 Actual machine hours 304,000 26 Output Section: Department A 28 1. Budgeted overhead rate Formula 1 105 Department B $ 1,230,000 117.000 22.000 Department B Formula 2 30 2. Total overhead cost per department Formula 3 Formula 31 32 Total overhead cost of product M89--- Formula 105 20 Total units produced 21 Additional information for part 4: 22 Actual results for 20X0 23 Actual overhead costs incurred 24 Actual direct-labor hours 25 Actual machine hours 26 Output Section: Department A $ 1,390,000 83,000 304,000 Department B $ 1,230,000 117,000 22,000 Department A Formula 1 Department B Formula 2 28 1. Budgeted overhead rate 30 2. Total overhead cost per department Formula 3 Formula 4 32 Total overhead cost of product M89- Formula 5 34 3. Unit cost of product M89- Formula 6 36 Part 4 37 Actual overhead costs incurred for 20X0 38 Applied overhead for 20X0 39 Under (over) applied overhead 40 Factory as a whole Department A $ 1,390,000 Formula 7 Formula 8 Department B S 1.230.000 Formula 9 Formula 10 Formula 1 End of

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