Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products
on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its
total direct labor cost to be $50,100 and its total manufacturing overhead cost to be $85,170.
Several incomplete general ledger accounts showing the transactions that occurred during the
most recent accounting period follow:
Required:
1.
Calculate the predetermined overhead rate.
Predetermined Overhead Rate
% of Direct Labor Cost
2.
Fill in the missing values in the T-accounts.
Raw Materials Inventory
Beginning Balance
14300
Purchases
93400
Ending Balance
29900
Work in Process Inventory
28500
Direct Materials
68900
Direct labor
40100
Applied Overhead
18600
Finished Goods Inventory
41600
Cost of Goods Completed
49500
Cost of Goods Sold
Unadjusted Cost of Goods Sold
Adjusted Cost of Goods Sold
Sales Revenue
318,000
Manufacturing Overhead
Indirect Materials
8900
Indirect Labor
13600
Factory Depreciation
11700
Factory Rent
5300
Factory Utilities
1800
Other Factory costs
9000
Actual Overhead
50300
Selling, General, Administrative Expenses
Adm. Salaries
26400
Office Deprecation
18100
Advertising
14800
59300
3.
Compute over- or underapplied overhead.
4.
Prepare a statement of cost of goods manufactured and sold including the adjustment for over-
or underapplied overhead.
Dodson Manufacturing Company
Cost of Goods Manufactured Report and sold
Direct Materials Used in Production
Total Current Manufacturing Costs
Total Work in Process
Cost of Goods Manufactured
Cost of Goods Available for Sale
5.
Prepare a brief income statement for the company.
Income Statement
Net Income from Operations
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd