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Moobie 12-07-2004 07:34 PM

Accounting Question: Job order costing
 
I am totally lost here and was wondering if anyone with some account knowledge could lend a hand.

1. Calculate the projected manufacturing costs for job no. 110 using three separate rates: one rate for plantwide overhead and two separate department overhead rates,k all based on machine hours.

Here's the details:

Plantwide overhead:
Budgeted 200,000
Actual 190,000

Departmental Info:

Budgeted department overhead
Dept A: 100,000
Dept B: 500,000

Actual Dept Overhead
Dept A:110,000
Dept B: 520,000

Expected Activity:
Direct Labor Hours
Dept A: 50,000
Dept B: 10,000
Machine Hours
Dept A: 10,000
Dept B: 50,000

Actual Activity:
Direct Labor Hours
Dept A: 51,000
Dept B: 9,000
Machine Hours
Dept A: 10,500
Dept B: 52,000


Info on Job no. 110

Direct Materials: 20,000

Direct Labor Cost:
Dept A (2,000 hr): 30,000
Dept B (500hr): 6,000

Machine hours projected:
Dept A: 100
Dept B: 1,200

Units Produced: 10,000
--------------------------------------------------------------

I know there's a bunch of info that I don't need in there, but I have no idea what's relevant and what's not. (There's a lot more to questions about this data that I didn't ask.)

I'm totally hosed here, so if anyone knows what the hell I'm supposed to be doing I'd be eternally grateful for any assistance.

gar1976 12-09-2004 07:14 PM

I'm rusty on my cost accounting, but I'm not sure you described what you're looking for in its entirety.


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