INTRODUCTION TO MANAGEMENT ACCOUNTING 15E Problem


Question Description:

30

The file for the accounting problem is attached. P13-A1.xls INTRODUCTION TO MANAGEMENT ACCOUNTING 15E Problem 13-A1 A Name Section B C D E F G 5 Data Input Section: Donald Aeronautics Company 6 7 Budget Predictions Department A 8 Direct-labor cost $1,500,000 9 Factory overhead $1,820,000 10 Direct-labor hours 90,000 11 Machine hours 350,000 12 13 Actual cost records for product M89 14 Department A 15 Material placed in production $12,000 16 Direct-labor cost $10,800 17 Direct-labor hours 900 18 Machine hours 3,500 19 Additional information for part 3: 20 Total units produced 21 Additional information for part 4: 22 Actual results for 20X0 Department A 23 Actual overhead costs incurred $1,300,000 24 Actual direct-labor hours 80,000 25 Actual machine hours 300,000 26 Output Section: 27 Department A 28 1. Budgeted overhead rate Formula 1 29 30 2. Total overhead cost per department Formula 3 31 32 Total overhead cost of product M89====================> 33 34 3. Unit cost of product M89============================> 35 36 Part 4. Department A 37 Actual overhead costs incurred for 20X0 $1,300,000 38 Applied overhead for 20X0 Formula 7 39 Under (over) applied overhead Formula 8 40 Factory as a whole 41 42 End of Problem H Department B $1,200,000 $1,000,000 125,000 20,000 Department B $32,000 $10,000 1,250 150 120 Department B $1,200,000 120,000 25,000 Department B Formula 2 Formula 4 Formula 5 Formula 6 Department B $1,200,000 Formula 9 Formula 10 Formula 11 Read more

Answer

30