Student Name:
Class:
1,500,000 «- Correct!
2,500,000 «- Correct!
60% «- Correct!
b. Overhead costs charged to jobs:
Direct Applied
Labor Overhead
604,000$ 362,400$ «- Correct!
563,000 337,800 «- Correct!
298,000 178,800 «- Correct!
716,000 429,600 «- Correct!
314,000 188,400 «- Correct!
17,000 10,200 «- Correct!
2,512,000$ 1,507,200$ «- Correct!
1,520,000$ «- Correct!
1,507,200 «- Correct!
12,800$ «- Correct!
Account Debit Credit
12,800
12,800 «- Correct!
202
Problem 19-04A
McGraw-Hill/Irwin
Instructor
To assign underapplied overhead.
Overhead
YERBURY COMPANY
General Journal
YERBURY COMPANY
a. Predetermined overhead rate:
Estimated overhead costs
Estimated direct labor cost
Overhead application rate
Jobs
201
Factory Overhead
203
204
205
206
Total
c. Overapplied or underapplied overhead:
Actual overhead cost
Less applied overhead cost
Underapplied overhead
Dec. 31 Cost of Goods Sole
50
2,000
25$
319,200$
240,000
140,000
88,000
68,000
480,000
60,000
68,800
36,000
1,500,000$
1,520,000$
604,000$
563,000$
298,000$
716,000$
314,000$
17,000$
12,800$
12,800$
Factory utilities
YERBURY COMPANY
Given Data 19-04A:
Estimate of next year’s direct labor:
Number of persons
Average number of hours each
Average wage rate
Estimate of next year’s manufacturing overhead costs:
Indirect labor
Factory supervision
Rent on factory building
Job 202
Factory insurance expired
Depreciation – factory equipment
Repairs expense – factory equipment
Factory supplies used
Miscellaneous production costs
Total estimated overhead costs
Actual overhead costs incurred
Direct labor costs on jobs completed and sold:
Job 201
Check figure:
(1c) Underapplied
(2) Cr. Factory Overhead
Job 203
Job 204
Job 205
Job 206, in process, direct labor