3. Apparently, the company uses a predetermined overhead rate of 140%
of direct labor cost. This figure can be determined by relating the May
applied overhead cost on the job cost sheets to the May direct labor
cost shown on these sheets. For example, in the case of job 208:
May overhead cost = RUR 11,200 = 140% of direct labor cost
May direct labor cost RUR 8,000
The overhead cost applied to each job during June would be:
Job 208: RUR 4,000 × 140% ... RUR 5,600
Job 209: RUR 7,500 × 140% ... 10,500
Job 210: RUR 8,500 × 140% ... 11,900
Total applied overhead ... RUR28,000
The entry to record the application of overhead cost to jobs would be
[recorded as entry (d) in the T-accounts above]:
Work in Process ... 28,000
Manufacturing Overhead... 28,000
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Solutions Manual, Chapter 3 101
Problem 3-22 (continued)
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