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    Asistensi + Homework Job Costing PDF

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    Yogie Yaditra
    The Pisano Company uses a job-costing system with two manufacturing departments. The machining department allocates overhead based on machine hours and the finishing department allocates based on direct labor hours. Job 431 incurred $13,000 in direct materials, $900 in direct labor in machining and $1,250 in direct labor in finishing. The total overhead allocated to Job 431 is to be computed. Assuming 300 units, the cost per unit of Job 431 is to be calculated. The under- or overallocation of overhead for each department and the plant is also to be computed. Pisano may use two overhead pools to better assign overhead costs based on usage.

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    Asistensi + Homework Job Costing PDF

    Uploaded by

    Yogie Yaditra
    144 views2 pages
    The Pisano Company uses a job-costing system with two manufacturing departments. The machining department allocates overhead based on machine hours and the finishing department allocates based on direct labor hours. Job 431 incurred $13,000 in direct materials, $900 in direct labor in machining and $1,250 in direct labor in finishing. The total overhead allocated to Job 431 is to be computed. Assuming 300 units, the cost per unit of Job 431 is to be calculated. The under- or overallocation of overhead for each department and the plant is also to be computed. Pisano may use two overhead pools to better assign overhead costs based on usage.

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    The Pisano Company uses a job-costing system with two manufacturing departments. The machining department allocates overhead based on machine hours and the finishing department allocates based on direct labor hours. Job 431 incurred $13,000 in direct materials, $900 in direct labor in machining and $1,250 in direct labor in finishing. The total overhead allocated to Job 431 is to be computed. Assuming 300 units, the cost per unit of Job 431 is to be calculated. The under- or overallocation of overhead for each department and the plant is also to be computed. Pisano may use two overhead pools to better assign overhead costs based on usage.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    144 views2 pages

    Asistensi + Homework Job Costing PDF

    Uploaded by

    Yogie Yaditra
    The Pisano Company uses a job-costing system with two manufacturing departments. The machining department allocates overhead based on machine hours and the finishing department allocates based on direct labor hours. Job 431 incurred $13,000 in direct materials, $900 in direct labor in machining and $1,250 in direct labor in finishing. The total overhead allocated to Job 431 is to be computed. Assuming 300 units, the cost per unit of Job 431 is to be calculated. The under- or overallocation of overhead for each department and the plant is also to be computed. Pisano may use two overhead pools to better assign overhead costs based on usage.

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    Akuntansi Biaya

    Asistensi 4 – Job Costing


    Tim Asisten Dosen

    Link Video Pembahasan→


    https://www.youtube.com/watch?v=sg5bBj0ruS0

    The Pisano Company uses a job-costing system at its Dover, Delaware, plant. The plant has a
    machining department and a finishing department. Pisano uses normal costing with two
    direct-cost categories (direct materials and direct manufacturing labor) and two
    manufacturing overhead cost pools (the machining department with machine hours as the
    allocation base and the finishing department with direct manufacturing labor costs as the
    allocation base). The 2014 budget for the plant is as follows:

    Machining Department Finishing Department


    Manufacturing overhead costs $9,065,000 $8,181,000
    Direct manufacturing labor costs $ 970,000 $4,050,000
    Direct manufacturing labor-hours 36,000 155,000
    Machine-hours 185,000 37,000

    1. Prepare an overview diagram of Pisano’s job-costing system.


    2. What is the budgeted manufacturing overhead rate in the machining department? In
    the finishing department?
    3. During the month of January, the job-cost record for Job 431 shows the following:
    Machining Department Finishing Department
    Direct materials used $13,000 $5,000
    Direct manufacturing labor costs $ 900 $1,250
    Direct manufacturing labor-hours 20 70
    Machine-hours 140 20

    Compute the total manufacturing overhead cost allocated to Job 431.


    4. Assuming that Job 431 consisted of 300 units of product, what is the cost per unit?
    5. Amounts at the end of 2014 are as follows:
    Machining Department Finishing Department
    Manufacturing overhead incurred $10,000,000 $7,982,000
    Direct manufacturing labor costs $ 1,030,000 $4,100,000
    Machine-hours 200,000 34,000

    Compute the under- or overallocated manufacturing overhead for each department


    and for the Dover plant as a whole.
    6. Why might Pisano use two different manufacturing overhead cost pools in its
    job-costing system?
    HOMEWORK
    Accounting Press is wholly owned by the university. It performs the bulk of its work for
    other university departments, which pay as though the press were an outside business
    enterprise. The press also publishes and maintains a stock of books for general sale. The press
    uses normal costing to cost each job. Its job-costing system has two direct-cost categories
    (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing
    overhead, allocated on the basis of direct manufacturing labor costs). The following data (in
    thousands) pertain to 2020:

    Direct materials used 710


    Indirect materials used 100
    Direct manufacturing labor 1,300
    Indirect manufacturing labor incurred by various production departments 900
    Depreciation on building and manufacturing equipment 400
    Miscellaneous manufacturing overhead incurred by various production 550
    departments (ordinarily would be detailed as repairs, photocopying, utilities, etc.)
    Manufacturing overhead allocated at 160% of direct manufacturing labor costs ?
    Cost of goods manufactured 4,120
    Revenues 8,000
    Cost of goods sold (before adjustment for under- or overallocated manufacturing 4,020
    overhead)

    1. Prepare an overview diagram of the job-costing system at the Accounting Press.


    2. Prepare journal entries to summarize the 2020 transactions. As your final entry,
    dispose of the year end under- or overallocated manufacturing overhead as a write off
    to COGS. Explanations for each entry may be omitted.

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