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1.
Total Production costs
Direct materials
conversion costs
Work in Process beginning
Costs added in current period
total costs to account for
Fill in this chart using this information:
Total production costs
Direct Material
Conversion costs
Completed and transferred out
26845
15015
11830
WIP ending
5304
4290
1014
Total costs accounted for:
32149
19305
12844
2. Budgeted manuf. overhead cost = 135,000Budgeted direct manuf. labor cost = 225,000actual manuf. overhead cost = 131,800actual direct manuf. labor cost = 228,000
Account
Ending Balance
2012 direct manuf. Labor cost in ending balance
WIP
51000
20520
Finished goods
238000
59280
COGS
561000
148200
overhead allocation rate = 60%under/over allocated = 5000
Using all the information above please fill out both graphs:
What is the equation to find allocation rate and what is the allocation rate for WIP, Finished goods and Cogs
What is the equation for ending balance and what is the ending balance for WIP, finished goods and COGS
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