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# ACC410 Solution Chapter 5

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School
Department
Accounting
Course
ACC 410
Professor
A L L A C C410
Semester
Winter

Description
Chapter 5 Job Costing MULTIPLE-CHOICE QUESTIONS 5.12 Ans: C 5.13 Ans: C 5.14 Ans: C 5.15 Ans: B 5.16 Ans: B EXERCISES 5.17 A. Cost of Goods Manufactured = \$277,000 B. Prime Costs = 183,400 Conversion Costs = Manufacturing Overhead = 192,200 C. Cost of Goods Sold = \$290,300 D. Net Income = \$58,500 5.19 A. Budgeted costs\$83,000 B. Fee = \$91,300 5.20 B. Budgeted overhead = \$66 per hour C. Total Costs for Schuller: \$4,814 5.21 A. Total Actual Costs Incurre\$535,000 B. Overhead was underapplied by \$55,000.5-2 Cost Management 5.23 A. Labour = \$800 B. Overhead = \$900 5.24 A. Ending WIP Balance = \$36,000 B. Direct labour = \$7,500 C. Direct materials = \$19,500 5.25 A. Cost of goods manufactured \$64,750 Cost of goods sold \$2,000 5.26 Cost of goods manufactured = \$ 59,580 5.28 A. Overhead estimated allocation rate = \$1.60 per machine hour B. Overhead allocated to Job No. 21 = \$25,600 C. Overapplied overhead = \$16,000 PROBLEMS 5.34 A. Overhead estimated allocation rates: Machining: = \$20 per machine hour Finishing: = 125% of direct labour cost B. Overhead cost
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