【正文】 ... 675,000 ....................................... Accounts Payable 675,000 WorkinProcess Inventory ............................... 742,500 ........................................Overhead Control 742,500 236 11–7 Concluded Finished Goods Inventory ................................. 1,687,500 ......................... WorkinProcess Inventory 1,687,500 Cost of Goods Sold .......................................... 1,687,500 ........................... Finished Goods Inventory 1,687,500 Accounts Receivable......................................... 2,700,000 ............................................ Sales Revenue 2,700,000 Overhead Control ............................................. 67,500 .....................................Cost of Goods Sold 67,500 To close out the overapplied overhead variance. 2. Raw Materials and In Process Inventory ........... 810,000 ....................................... Accounts Payable 810,000 Conversion Cost Control .................................. 810,000 ....................................... Accounts Payable 675,000 ............................................Wages Payable 135,000 Finished Goods Inventory ................................. 1,687,500 .............................Conversion Cost Control 877,500 ............... ReceivablesinProcess Inventory 810,000 Cost of Goods Sold .......................................... 1,687,500 ........................... Finished Goods Inventory 1,687,500 Accounts Receivable......................................... 2,700,000 237 ............................................ Sales Revenue 2,700,000 Conversion Cost Control .................................. 67,500 .....................................Cost of Goods Sold 67,500 To close out the conversion cost variance. 238 11–8 Raw Materials and In Process Inventory ........... 810,000 ....................................... Accounts Payable 810,000 Conversion Cost Control .................................. 810,000 ....................................... Accounts Payable 675,000 ............................................Wages Payable 135,000 Cost of Goods Sold .......................................... 1,687,500 ............... ReceivablesinProcess Inventory 810,000 .............................Conversion Cost Control 877,500 Accounts Receivable......................................... 2,700,000 ............................................ Sales Revenue 2,700,000 Conversion Cost Control .................................. 67,500 .....................................Cost of Goods Sold 67,500 To close out the conversion cost variance. 239 11–9 1. Conversion Cost Control .................................. 810,000 Accounts Payable ................................... 675,000 Wages Payable ....................................... 135,000 Finished Goods Inventory ................................. 1,687,500 Conversion Cost Control ........................ 877,500 Accounts Payable ................................... 810,000 Cost of Goods Sold .......................................... 1,687,500 Finished Goods Inventory....................... 1,687,500 Accounts Receivable......................................... 2,700,000 Sales Revenue ........................................ 2,700,000 Conversion Cost Control .................................. 67,500 Cost of Goods Sold ................................ 67,500 To close out the conversion cost variance. 2. Conversion Cost Control .................................. 810,000 Accounts Payable ................................... 675,000 Wages Payable ....................................... 135,000 Cost of Goods Sold .......................................... 1,687,500 Accounts Payable ................................... 810,000 Conversion Cost Control ........................ 877,500 Accounts Receivable......................................... 2,700,000 Sales Revenue ........................................ 2,700,000 Conversion Cost Control .................................. 67,500 Cost of Goods Sold ................................ 67,500 To close out the conversion cost variance. 240 11–10 1. Fabrication Assembly Allocation ratio* ......................... Maintenance: ? $160,000 ................ $ 120,000 ? $160,000 ................ $ 40,000 Direct overhead costs ................ 240,000 68,000 ..................................... Total $ 360,000 $ 108,000 *Allocation based on number of moves. Overhead rate (based on direct labor hours for each department): Fabrication: $360,000/24,000 = $15 per direct labor hour Assembly: $108,000/12,000 = $9 per direct labor hour Unit cost: Regular: ($15 ? 1) + ($9 ? ) = $ Super: ($15 ? 2) + ($9 ? 1) = $39 2. Regular: $76,000/8,000 = $ per unit Super: $240,000/8,000 = $30 per unit The JIT cost is more accurate because it has more costs that can be assigned using direct tracing. 3. JIT manufacturing should result in more efficient production, and, thus, costs would be reduced. For example, a cell structure would almost eliminate the materials handling requirements, and most of this cost should disappear. Multidisciplinary labor and decentralization could produce additional savings. 241 PROBLEMS 11–11 1. Cost per labor hour = ($5,000,000 + $7,500,000*)/250,000 = $50 per hour *($30 ? 250,000 DLH = $7,500,000). Cost per unit of average product = $50 ? = $ 2. C