# ACC 205 week 3 assignment A+ rated

Aug 26th, 2016
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Please complete the following five exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. 1. Overhead application: Working backward The Towson Manufacturing Corporation applies overhead on the basis of machine hours. The following divisional information is presented for your review: Division A Division B Actual machine hours 22,500 ? Estimated machine hours 20,000 ? Overhead application rate \$4.50 \$5.00 Actual overhead \$110,000 ? Estimated overhead ? \$90,000 Applied overhead ? \$86,000 Over- (under-) applied overhead ? \$6,500 FIND THE UNKNOWNS FOR EACH OF THE DIVISIONS. 2. Computations using a job order system General Corporation employs a job order cost system. On May 1 the following balances were extracted fr

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1Division A Division BABActual machine hours 22,500 ?22500Estimated machine hours 20,000 ?20000Overhead application rate \$4.50 \$5.004,5Actual overhead \$110,000 ?110000Estimated overhead ? \$90,00090000Applied overhead ? \$86,000101250Over- (under-) applied overhead ? \$6,500 -87501800017200579500900008600065002JobOpeningDMDLOverheadTotal1012040050007800117004490010314800208003120066800a. Compute the total overhead applied to production during May.b. Compute the cost of the ending work in process inventory.c. Compute the cost of jobs completed during May.d. Compute the cost of goods sold for the year ended May 31.115116195004200063000124500362001800027000812001717501245002934501094003HighLow17512055abcVariable costFixed cost60125582001925\$\$35 Per order54.00073.9504a. How many patient days does t

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