‫كلية اإلدارة و األعمال‬
‫قسم المحاسبة‬
‫تطبيقات الفصل الرابع‬
‫ المحاسبة‬:‫القســــــــــــم‬
1) Julia company uses a job costing system and the direct labor – hours to
allocate the indirect costs. given the following data of the jobs started
and completed in 2011:
Model A
Model B
direct material costs
$106,760
$ 127,550
Direct labor costs
36,950
41,320
Direct labor hours
960
1,050
Other data:
Budgeted manufacturing overhead costs
Budgeted direct labor hours
Actual manufacturing overhead costs
Actual direct labor hours
Compute :
1- The budgeted indirect cost rate?
2- The actual indirect cost rate?
3. what are the job costs of model A using :
a. normal costing
b. actual costing
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$8,300,000
$6,520,000
163,000
166,000
2) Production company
produces
gadgets
for
the coveted small
appliance market . The following date reflect activity for the year
2013 :Cost incurred :Purchases of direct materials on credit
$ 200,000
Direct manufacturing labor cost
$ 30,000
Indirect labor
$ 30,000
Depreciation , factory equipment
$ 2,000
Rent ,factory building
$ 30,000
Advertising, expense office
$ 15,000
Direct materials used
$ 100,000
Indirect materials used
$ 50,000
Manufacturing O H allocated 10% of Direct materials used
Cost of goods sold
$ 80,000
Completed $ transfer finished good
$ 100,000
All the sale on credit
$ 150,000
Production company .uses a normal costing system , Prepare journal
entries for job costing ?
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3) ABC uses job-order costing. It applies overhead cost to jobs on the basis of direct laborhours. For the current year the company estimates that it will work 10,000 direct laborhours and will incur $325,000 of manufacturing overhead. The following transactions took
place during the year:
a) $150,000 of materials were purchased on account
b) materials were used in production, $45,000 direct materials and $20,000
indirect materials
c) Labor costs incurred: $20,000 direct, $65,000 indirect.
d) Utility costs for the factory were $30,000
e) Depreciation recorded was $150,000 (70% related to factory; 30% related to
administrative offices)
f) Manufacturing overhead was applied to production. Actual direct labor
hours incurred were 11,000.
g) Units costing $150,000 were completed and transferred into the finished
goods inventory.
Prepare journal entries to record the transactions for the current year.
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