3.3 Topic 2

Exercises

2-24 (2) Cost of goods manufactured = $350,000

2-26 Predetermined manufacturing overhead rate = $5 per direct labor hour

2-28 (1) (a) 2012 Predetermined overhead rate = $0.64 per hour

2-30 (2) Underapplied manufacturing overhead = $2,950

2-34 (1) Overhead rate = $81.82 per direct labor hour

2-36 (1) (a) 2012 = $8.57 per direct labor hour

2-38 (1) Overhead rate = $41.33 per consulting hour

Problems

2-40 (1) (g) Debit to Work-in-Process Inventory = $400

2-42 (1) Predetermined overhead rate = $4 per direct labor hour

2-44 (2) Total manufacturing overhead applied to Job #29 = $20,434

2-46 (1) (c) Cost per chair = $190.10

2-48 Total manufacturing costs = $614,833

2-50 (1) (b) Cost of goods manufactured = $700,000

2-52 (c) Debit to Work-in-Process Services = $4,000

2-54 (3) Overhead ending balance = $4,500