Kunci Jawaban Lab Chapter 3 (2)
PROBLEM 3-43 (20 MINUTES)
1. budgeted manufacturing overhead
Predetermined overhead rate
budgeted direct - labor hours
$240,000
$12 per hour
(2,000) (10)
2. Journal entries:
(a) Raw-Material Inventory 33,000
Accounts Payable 33,000
(b) Work-in-Process Inventory 460
Raw-Material Inventory 460
(c) Manufacturing Overhead 100
Manufacturing-Supplies Inventory 100
(d) Manufacturing Overhead 8,000
Accumulated Depreciation: Building 8,000
(e) Manufacturing Overhead 400
Cash 400
(f) Work-in-Process Inventory 34,000
Wages Payable 34,000
To record direct-labor cost [(1,000 + 700) x $20].
Work-in-Process Inventory 20,400
Manufacturing Overhead 20,400
To apply manufacturing overhead to work in process ($20,400 = 1,700$12 per hour).
(g) Manufacturing Overhead 910
Property Taxes Payable 910
(h) Manufacturing Overhead 2,500
Wages Payable 2,500
(i) Finished-Goods Inventory 14,400
Work-in-Process Inventory 14,400
(j) Accounts Receivable 13,500
Sales Revenue 13,500
Cost of Goods Sold 10,800*
Finished-Goods Inventory 10,800
*$10,800 = (9/12)($14,400)
PROBLEM 3-45 (35 MINUTES)
1. Predetermined overhead rate = budgeted overhead ÷ budgeted machine hours
= $840,000 ÷ 16,000 = $52.50 per machine hour
2. (a) Work-in-Process Inventory 80,000*
Raw-Material Inventory 80,000
Work-in-Process Inventory 130,800**
Wages Payable 130,800
* $21,000 + $44,000 + $15,000 = $80,000
** $35,000 + $22,000 + $65,000 + $8,800 = $130,800
(b) Manufacturing Overhead 238,500
Accumulated Depreciation 34,000
Wages Payable 60,000
Manufacturing Supplies Inventory 5,000
Miscellaneous Accounts 139,500
(c) Work-in-Process Inventory 231,000*
Manufacturing Overhead 231,000
* (1,200 + 700 + 2,000 + 500) x $52.50 = $231,000
(d) Finished-Goods Inventory 315,250*
Work-in-Process Inventory 315,250
* Job 64: $84,000 + $21,000 + $35,000 + (1,200 x $52.50) = $203,000
Job 65: $53,500 + $22,000 + (700 x $52.50) = $112,250
$315,250 = $203,000 + $112,250
(e) Accounts Receivable………………………………………146,950*
Sales Revenue 146,950
* $112,250 + $34,700 = $146,950
Cost of Goods Sold 112,250
Finished-Goods Inventory 112,250
3. Job no. 66 and no. 67 are in production as of March 31:
Job 66: $44,000 + $65,000 + (2,000 x $52.50) $214,000
Job 67: $15,000 + $8,800 + (500 x $52.50) 50,050
Total $264,050
4. Finished-goods inventory increased by $203,000 ($315,250 - $112,250).
5. The company’s actual overhead amounted to $238,500, whereas applied
overhead totaled $231,000. Thus, overhead was underapplied by $7,500.
PROBLEM 3-49 (25 MINUTES)
budgeted manufacturing overhead
1. Predetermined overhead rate
budgeted machine hours
$1,464,000
$20 per machine hour
73,200
2. Journal entries:
(a) Raw-Material Inventory 7,850
Accounts Payable 7,850
(b) Work-in-Process Inventory 180
Raw-Material Inventory 180
(c) Manufacturing Overhead 30
Manufacturing-Supplies Inventory 30
(d) Manufacturing Overhead 800
Cash 800
(e) Work-in-Process Inventory 75,000
Wages Payable 75,000
(f) Selling and Administrative Expense 1,800
Prepaid Insurance 1,800
(g) Raw-Material Inventory 3,000
Accounts Payable 3,000
(h) Accounts Payable 1,700
Cash 1,700
(i) Manufacturing Overhead 21,000
Wages Payable 21,000
(j) Manufacturing Overhead 7,000
Accumulated Depreciation: Equipment 7,000
(k) Finished-Goods Inventory 1,100
Work-in-Process Inventory 1,100
(l) Work-in-Process Inventory 140,000*
Manufacturing Overhead 140,000
*Applied manufacturing overhead = 7,000 machine hours$20 per hour.
(m) Accounts Receivable 176,000
Sales Revenue 176,000
Cost of Goods Sold 139,000
Finished-Goods Inventory 139,000
