Question 1 Factory overhead costs for October are given Table 1 TABLE 1 -Actual OH Costs Type of OH Costs Factory OH Cost Pools Personnel General A. Go through each of the overhead costs and assign each cost to one of three OH cost pools: Facilities, Personnel or General. Do this by completing Table 1 S5,240 S 8,460 S 10,370 S 125,260 S Supplies Training Supervision Depreciation- Equipment Depreciation- Building Insurance on Building Amortization of IP Total Mtg. OH Costs IP is intellectual property B. Calculate an overhead rate for each of the cost pools. 0 Use the infermation in Both Tables 1 and Tables2 150,190 5 35,950 5 11,390 $ 15,630 $ 362,500 3 B. 1 Identify the OH base you think is most appropriate for each cost pocl 4 Cost Pocl OH Base 5 Operations Personnel 7 General TABLE 2 - Use of resources by Job Job 10-01 Jcb 10-02 Job 10-03 Job 10-04 Job 10-05 Unallocated Totals 0 B.2 Show your calculation of the OH Rate 1 Cost Pocl Amount 2 Operations 3 Personnel 4 General Direct Materials -S Direct Labor Hours Machine Hours Supervislon Hours Units in Job In-service days S 35,600 S 35,800 $ 24,800 $ 25,000$17,400 480.00 378.00 68.00 5.00 441.001,240.50 486.00 114.00 30.00 588.50 580.00 79.00 20.00 960.50 802.00 105.00 40.00 $ 138,600 4,810.50 2,732.00 825.00 1,356.00 485.00 164.00 1.00 OH Base OH Rate 68.00 TABLE 3 - Manufacturing Costs by Job 7 C. Assume the average cost of direct labor is $42 per hour 8 Determine the ending balances for each job. Show your answers 9 by completing Table 3. You may assume beginning and encing WIP 0 balances are S0 Job 10-01 Jcb 10-02 Job 10-03 Job 10-04 Job 10-05 Direct MMaterials Direct Labor Personnel OH General OH Total Cost Cost per unit 3 Note 1. Some of the questions above require you to use your judgment. 4 Try to make reasonable and defensible decisions. In most cases there 5 is an obvious choice. In a couple of cases there is either no obvious Instructions Q1 Question 1 Factory overhead costs for October are given Table 1 TABLE 1 -Actual OH Costs Type of OH Costs Factory OH Cost Pools Personnel General A. Go through each of the overhead costs and assign each cost to one of three OH cost pools: Facilities, Personnel or General. Do this by completing Table 1 S5,240 S 8,460 S 10,370 S 125,260 S Supplies Training Supervision Depreciation- Equipment Depreciation- Building Insurance on Building Amortization of IP Total Mtg. OH Costs IP is intellectual property B. Calculate an overhead rate for each of the cost pools. 0 Use the infermation in Both Tables 1 and Tables2 150,190 5 35,950 5 11,390 $ 15,630 $ 362,500 3 B. 1 Identify the OH base you think is most appropriate for each cost pocl 4 Cost Pocl OH Base 5 Operations Personnel 7 General TABLE 2 - Use of resources by Job Job 10-01 Jcb 10-02 Job 10-03 Job 10-04 Job 10-05 Unallocated Totals 0 B.2 Show your calculation of the OH Rate 1 Cost Pocl Amount 2 Operations 3 Personnel 4 General Direct Materials -S Direct Labor Hours Machine Hours Supervislon Hours Units in Job In-service days S 35,600 S 35,800 $ 24,800 $ 25,000$17,400 480.00 378.00 68.00 5.00 441.001,240.50 486.00 114.00 30.00 588.50 580.00 79.00 20.00 960.50 802.00 105.00 40.00 $ 138,600 4,810.50 2,732.00 825.00 1,356.00 485.00 164.00 1.00 OH Base OH Rate 68.00 TABLE 3 - Manufacturing Costs by Job 7 C. Assume the average cost of direct labor is $42 per hour 8 Determine the ending balances for each job. Show your answers 9 by completing Table 3. You may assume beginning and encing WIP 0 balances are S0 Job 10-01 Jcb 10-02 Job 10-03 Job 10-04 Job 10-05 Direct MMaterials Direct Labor Personnel OH General OH Total Cost Cost per unit 3 Note 1. Some of the questions above require you to use your judgment. 4 Try to make reasonable and defensible decisions. In most cases there 5 is an obvious choice. In a couple of cases there is either no obvious Instructions Q1
