ACTG Assignment 1

ACTG 2P12
Assignment #1
Marisa Harnock
4956785

WCP-2) a)
Waterways Corporation
Cost of Goods Manufactured Schedule
Period Ending ------
Work in Process, Beginning 52,900
Direct Materials Raw Materials Inventory, Beginning 38,000 Raw Materials Purchased 185,400 Total Raw Materials Available For Use 223,400 Less: Raw Materials Inventory, End 52,700 Direct Materials Used 170,700
Direct Labour 192,500
Manufacturing Overhead Indirect Labour 42,000 Factory Utilities 10,200 Factory Depreciation 17,920 Factory Insurance 5,000 Factory Maintenance 4,700 Factory Supplies 16,800
Factory Services 15,100
Total Manufacturing Overhead Cost 111,720
Total Manufacturing Costs 472,920
Less: Work in Process, End 42,000
Cost of Goods Manufactured 483,820

b)
#1 = 170,000 – 145,000 700 – 500
#1 = $125/DLH
#1 = Activity Level x Rate
#1 = 700 DLH x $125/DLH
#1 = $87,500
Fixed Cost = 170,000 – 87,500
Fixed Cost = 82,500 y= 125x + 82,500

# 2 = 176,000 – 148,000 32,000 – 24,000
#2 = 3.5
#2 = Activity Level x Rate
#2 = 32,000 x 3.5
#2 = $112,000
Fixed Cost = 176,000 – 112,000
Fixed Cost = 64,000 y= 3.5x + 64,000

C3-47)
a)
Predetermined Overhead Rate = Estimated Overhead Cost Expected Activity
Predetermined Overhead Rate = $606,000 120,000 DLH
Predetermined Overhead Rate = $5.05/DLH

b)
Direct Labour Rate = Direct Labour Wages Hours Used
Direct Labour Rate = $51,000 (3,500 + 3,000 + 2,000) DLH
Direct Labour Rate = $6/DLH

Job X-50
Beg. DM $54,000
Nov. DM $45,000
Nov. DL $21,000
Nov. OH $17,675
Total $137,675

DL = 3,500 DLH x $6/DLH
DL = $21,000
OH = 3,500 DLH x $5.05/DLH
OH = $17,675

Job X-51
Nov. DM $37,500
Nov. DL $18,000
Nov. OH $ 15,150