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    ANSWER Process 1 Activity

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    natangcop.rania
    Cost accounting problems with answers

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    ANSWER Process 1 Activity

    Uploaded by

    natangcop.rania
    5 views5 pages
    Cost accounting problems with answers

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    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    Cost accounting problems with answers

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    5 views5 pages

    ANSWER Process 1 Activity

    Uploaded by

    natangcop.rania
    Cost accounting problems with answers

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    CASE A

    Materials Conversion Cost


    QUANTITY SCHEDULE WD EUP WD EUP
    Units To be Accounted 10,000
    CTO 8,000 100% 8000 100% 8000
    IP, End 2,000 60% 1200 60% 1200
    Units as Accounted 10,000 9200 9200

    COST SCHEDULE
    Cost Added in the Department
    Direct Materials 10,000 1.09
    Direct Labor 12,000 1.30
    Factory Overhead Applied 12,000 1.30
    Total Cost Added 34,000 3.69
    Total Cost to be Accounted 34,000 3.69
    CTO 29520
    IP, End
    Direct Materials 1280 1,308
    Direct Labor 1600 1,560
    Factory Overhead Applied 1,600 4,480
    Total Cost as Accounted 34000

    CASE B
    Materials Conversion Cost
    QUANTITY SCHEDULE WD EUP WD EUP
    Units To be Accounted 10,000
    CTO 8,000 100% 8000 100% 8000
    IP, End 2,000 100% 2000 60% 1200
    Units as Accounted 10,000 10000 9200

    COST SCHEDULE
    Cost Added in the Department
    Direct Materials 10,000 1.00
    Direct Labor 12,000 1.30
    Factory Overhead Applied 12,000 1.30
    Total Cost Added 34,000 3.60
    Total Cost to be Accounted 34,000 3.60
    CTO 28800
    IP, End
    Direct Materials 2000
    Direct Labor 1600
    Factory Overhead Applied 1600 5200
    Total Cost as Accounted 34000
    CASE C
    Materials Conversion Cost
    QUANTITY SCHEDULE WD EUP WD EUP
    Units To be Accounted 10,000
    CTO 8,000 100% 8000 100% 8000
    IP, End 2,000 0% 0 60% 1200
    Units as Accounted 10,000 8000 9200

    COST SCHEDULE
    Cost Added in the Department
    Direct Materials 10,000 1.25
    Direct Labor 12,000 1.30
    Factory Overhead Applied 12,000 1.30
    Total Cost Added 34,000 3.85
    Total Cost to be Accounted 34,000 3.85
    CTO 30800
    IP, End
    Direct Materials 0
    Direct Labor 1600
    Factory Overhead Applied 1600 3200
    Total Cost as Accounted 34000

    CASE D
    Materials Conversion Cost
    QUANTITY SCHEDULE WD EUP WD EUP
    Units To be Accounted 10,000
    CTO 8,000 100% 8000 100% 8000
    IP, End 2,000 50% 1000 60% 1200
    Units as Accounted 10,000 9000 9200

    COST SCHEDULE
    Cost Added in the Department
    Direct Materials 10,000 1.11
    Direct Labor 12,000 1.30
    Factory Overhead Applied 12,000 1.30
    Total Cost Added 34,000 3.71
    Total Cost to be Accounted 34,000 3.71
    CTO 29680
    IP, End
    Direct Materials 1120
    Direct Labor 1600
    Factory Overhead Applied 1600 4320
    Total Cost as Accounted 34000
    CASE E
    Materials Conversion Cost
    QUANTITY SCHEDULE WD EUP WD EUP
    Units To be Accounted 10,000
    CTO 8,000 100% 8000 100% 8000
    IP, End 2,000 30% 600 60% 1200
    Units as Accounted 10,000 8600 9200

    COST SCHEDULE
    Cost Added in the Department
    Direct Materials 10,000 1.19
    Direct Labor 12,000 1.30
    Factory Overhead Applied 12,000 1.30
    Total Cost Added 34,000 3.79
    Total Cost to be Accounted 34,000 3.79
    CTO 30320
    IP, End
    Direct Materials 480
    Direct Labor 1600
    Factory Overhead Applied 1600 3680
    Total Cost as Accounted 34000

    CASE F
    Materials Conversion Cost
    QUANTITY SCHEDULE WD EUP WD EUP
    Units To be Accounted 10,000
    CTO 8,000 100% 8000 100% 8000
    IP, End 2,000 80% 1600 60% 1200
    Units as Accounted 10,000 9600 9200

    COST SCHEDULE
    Cost Added in the Department
    Direct Materials 10,000 1.04
    Direct Labor 12,000 1.30
    Factory Overhead Applied 12,000 1.30
    Total Cost Added 34,000 3.64
    Total Cost to be Accounted 34,000 3.64
    CTO 29120
    IP, End
    Direct Materials 1680
    Direct Labor 1600
    Factory Overhead Applied 1600 4880
    Total Cost as Accounted 34000
    (APPLY mdas wtf)

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