soal tugas problem product costing
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oal Product Costing dari Buku AKMENBI HiltonTRANSCRIPT
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5/19/2018 Soal Tugas Problem Product Costing
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Problem 3-60
Plantwide versus Depar tmen-
tal Overhead Rates ; Product
Pricing
4al F 1 getcc l overheat
(depar tments A and B ) :
8000,000
3. Gip^,r_rnenta' overhead
ra te , Depar tment A: 26 per
direct- labor hour
. ' Cas es
C a s e 3 - 6 1
interpr
e t ing In fo rmat ion f rom
a Job-Order Cos t ing Sys tem
Itib
, i b
3 . F i n is 3 h e d - g o a d s i n v e n t o r y ,
12131: 13,400 units
4. Actual manufacturing
overhead: $4 ,392,000
Chapter 3
Product Costing and Cost Accumulation in a Batch Production Environment
TeleTech Corporation manufactures two different fax machines for the business market. Cos
for the two models for the current year are as follows:
Basic System
Direct material .........................................................................................
400
Direct labor (2 0 hours at 15 p er hour) .....................................................
30 0
Ma nufacturing overhe ad* ........................................................................
40 0
Total ........................................................................................................
1,100
The prede te rmined o verhead ra t e i s $20 per d i rec t -l aber hour .
Each model
of fax machine requires
20 hours of
direct labor
The basic
system requires'=.
department A and 15 hours in department B. The advanced system requires 15 hours in dep
5 hours in department B. The overhead costs budgeted in these two production departments
DepartmentA
Depart
Variable cost ................................................................................
16 per direct-labor hour
4 per direct
Fixed cost ....................................................................................
200,000
200,000
The firm's management expects to operate at a level of 20,000 direct-labor hours tnr
duction department during the current year
. (This estimate
is based on the practical capadj
department.)
Required;
1.
Show how the company's predetermined overhead rate was determined.
If the firm prices each model of fax machines at 10 percent over its cost, what will be`ii
eacn moaerr
Compute the price to be charged for each model, assuming the company
continues to
Suppose the company were to use departmental predetermined overhead rates. CalaulaY
for each of the two production departments.
Compute the
product cost
of each model using the departmental overhead
rates calcu ,z
requirement (3).
product at 10 percent above cost. Use the revised product costs calculated in requirem
^ 4 .
Write a memo to the president of TeleTech Corporation making a recommendation a5
the firm should use a plantwide. overhead rate or departmental rates. Consider the pot
cations of the overhead rates and the firm's pricing policy. How might these considerau
the firm's ability to
compete in
the marketplace?
CompuFum, Inc. manufactures furniture for computer work stations. CompuFum uses adph?
ing system and employs absorption costing. ComuFurn's work-in-process inventory on N
consisted of the following jobs.
J o b No
.
Descr ipt ion
Units
A c c u m i
CC 723 ..............................
Computer caddy . . . . . . . .
20,000
CH 291 ..............................
Chair .................................
15,00 0 .............................
PS 812 ...............................
Printer stand .....................,
25,00 0 ............. ...,.:,.........
Total ............................................................................
On November 30, the company's finished-goods inventory, which is evaluated using the fast i
(FIFO) method, consisted of four items.
Item
Quant i ty and Uni t Cost
C omp uter cadd y .............................................
7,50 0 units @ 64 each ...............................
Ch air ..............................................................
19,40 0 units @ 35 each ...............................
Prin ter stand ...................................................
21,00 0 units @ 55 each ...............................
Desk ..............................................................
11.200 units @ 102 each .............................
Total ..........................................................................................
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Chap ter 3
Product Costing and Cost Accumulation in a Batch Production Environment
.;tile
end of November, the balance in CompuFurn's Materials Inventory account, which includes
aterials and purchased parts, was 668,000. Additions to and requisitions from the materials
di r w m
'uentory during the month of December included the following.
t d i t i a n s
Raw Materia ls
Purchased Par ts
................ ..
242,00 0.. . . . . .. . . . .. . . . .
difit:ans .....................
.......................................
396 ,000
^ e q u 3 s d i a n s :
51,0 00 .........................
...............................
104,000
:. .
3,0 00 ........................................................
10,800
PS8 12 ..._ .....................................................
124 ,000
..............................
..............
87, 000
D S 4 4 4
S O D a d e s k s
) .................................. .. .
65,000
..........................._...........................
,000
o ti
010 uFurn applies manufacturing overhead on the basis of machine hours. The company's manufac-
g overhead budget for the year totaled 4,500,000. The company planned to use 900,000 machine
spurs during this period, which is the firm's estimated practical capacity. Through the first l l months
af the year
a total of 830
000 machine hours were used
,
and actual manufacturing overhead amounted
I .,
During the
month of December
,
machine hours and labor hours consisted of the following:
t c o o u n t
072 3 ......................................
CH 291 ......................................
PS81 2 .......................................
03444 ......................................
h t h r e c t
Tab or ............................
Bluer ision ..............................
Machine H ours
12,00 0 ...............................
4,400 ...............................
19,50 0 ...............................
14,000 ....... ..................
. : . . . .
Labor Hours
Labor Cost
11,600 .................................
122,400
3,600 .................................
43,200
14,30 0 .................................
200.500
12,50 0 .................................
138,000
3,000 .................................
29,400
.57,600
" T o t a l
......
49,90 0 ...............................
45 ,000
,__ ..........................
591,100
The jobs completed
i
n December and the unit sales for that
Month
are as follows:
Quant i ty
Jab No .
Product ion I tems
C o mp le te d
; 0 7 2 3
Com puter caddy .. . . . .
20,000
Oi29 1 ....................
Ch air ...., .., ., .............
15,000
k 3 S 4 4 4
D e s k s
.........
5,000
f9yuired:
Quant i ty
I tem
Shipped.
Computercaddy
.....
17.500
C h a i r
21,000
Printer stand ....
..............
18.000
D e s k
s;ooo
`Describe when it is appropriate for a company to use a job-order costing system.
Calculate the balance in CompuFurn, Inc.'s Work-in-Process Inventory account as of December 31.
Calculate the cost of the chairs
in CompuFurn,
Inc.'s finished
-goods Inventory
as of December 31.
ctual manufacturing overhead incurred in December amounted to 252.000. Calculate Comnu-
rums overapplied or underapplied overhead for the year.
Explain two alternative accounting treatments for overapplied or underapplied overhead balances
when using a job-order costing system.
M A , a d a p te d
ffberCom, Inc., a manufacturer of fiber optic communications equipment uses a job-order cost-
9 system
Since the production process is heavily automated
,
manufacturing overhead is applied
R^the basis of machine hours using a predetermined overhead rate. The current annual rate of 15
r
machine hour is based on budgeted manufacturing overhead costs of 1
,
200,000 and a budgeted
2fivity level of 80,000 machine hours
(
the company
'
s estimated practical capacity
).
Operations for
e year have been completed
and all of the accounting entries have been made for the year except
aplicat
ion of manufacturing overhead to the jobs worked on during December, the transfer of
from
Work i
n Process to Finished Goods for the jobs completed in December
,
and the trans-
F of costs
from Finished Goods to Cost
of Goods Sold for the jobs that have been sold during
le'ec.
mber
Summarized da ta a s of November 30 and for the month of December are presented in the
I
Ca se 3-62
Cost Flows in a Job-Order
Costing System; Schedule of
Cost of Goods
Manufactured ;
Automation
ap i lea i . . Drerno .
c x - j n
S . C o s o f g o d s r a -
$ 2 , ' 9 6 8 , B 0
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