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Cost Accounting Problem Set

   

Added on  2019-09-23

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Answer 1: BAnswer 2: AAnswer 3: BAnswer 4: AAnswer 5: CAnswer 6: CDirect material = $2950Direct labor= $2000Manufacturing Overhead= Direct labor hours x $35= [2000/20] x $35= 100 x $35 = $3500Cost of each unit:= Direct material + Direct labor + Manufacturing overhead= $2950 + $2000 + $3500= $8450Answer 7: BManufacturing overhead cost = Budgeted indirect cost rate x Direct mfg. labor hours= $60 x 500= $30000Answer 8: DAnnual manufacturing overhead cost allocation rate for machine department:= Estimated manufacturing overhead costs ÷ estimated machine hours= $420000 ÷ 80000= $5.25 per hour
Cost Accounting Problem Set_1

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