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Cost Accounting de Leon Chapter 3 Solutions
Cost Accounting de Leon Chapter 3 Solutions
950,000
1,100,000
770,000
2,820,000
250,000
3,070,000
100,000
2,970,000
2.
2,970,000
150,000
3,120,000
450,000
2,670,000
3.
Sales
Less: Cost of goods sold
Gross profit
Less: Selling and general expenses
Gross profit (loss)
3,000,000
2,670,000
330,000
750,000
( 420,000)
125,000
150,000
275,000
65,000
210,000
70,000
105,000
385,000
90,000
475,000
120,000
355,000
100,000
455,000
80,000
375,000
24,000
57,800
81,800
15,000
66,800
60,000
90,000
216,800
29,200
246,000
24,000
222,000
50,000
272,000
22,000
250,000
150,000
150,000
75,000
11,200
2,400
375
1,620
59,405
56,000
19,000
75,000
20,000
20,000
5,595
3,600
375
1.620
e. Work in process
Factory overhead control
Materials
85,000
11,000
f. Accounts payable
Materials
4,000
g. Accounts payable
Accrued payroll
Cash
148,300
59,405
96,000
4,000
207.705
24,900
i. Work in process
Factory OH Applied (56,000 x 120%)
67,200
24,900
67,200
j. Finished goods
Work in process
165.000
165,000
k. Accounts receivable
Sales
190,000
190,000
120,000
120,000
60,495
67,200
( 6,705)
85,000
56,000
67,200
208,200
43,200
165,000
45,000
120,000
6,705
113,295
200,000
200,000
35,000
35,000
210,000
18,520
8,400
1,125
6,300
175,655
140,000
30,000
25,000
15,000
210,000
d. Accrued payroll
Cash
175,000
e. FO Control
Selling expense control
Adm. Expense control
SSS prem. Payable
MC payable
PFC payable
14,200
2,375
1,350
175,000
10,500
1,125
6,300
f. Work in process
FO Control
Materials
185,000
35,000
g. Work in process
FO Control
114,200
h. Finished goods
Work in process
410,000
i. Accounts receivable
Sales
539,000
385,000
j. Cash
220,000
114,200
410,000
539,000
385,000
405,000
Accounts receivable
405,000
k. Accounts payable
Cash
220,000
220,000
110,000
194,000
60,000
47,200
30,000
Total
_______
441,200
50,000
200,000
250,000
30,000
35,000
65,000
185,000
140,000
114,200
439,200
18,000
457,200
47,200
410,000
35,000
445,000
60,000
385,000
539,000
385,000
154,000
27,375
16,350
Accounts payable
Accrued payroll
W/tax payable
SSS Prem. payable
Medicare Cont. payable
PFC payable
Common stock
Retained earnings
43,725
110,275
25,000
8,655
18,520
18,900
2,250
12,600
200,000
155,275
441,200
1,200,000
755,230
444,770
60,000
12,000
72,000
372,770
50,000
400,000
450,000
47,485
402,515
210,000
140,000
752,515
102,350
854,865
117,135
737,730
100,000
837,730
82,500
755,230
800,000
87,000
887,000
( 790,000)
97,000
2.
800,000
80,000
880,000
(750,000)
130,000
4.
590,000
150,000
740,000
(100,000)
640,000
190,000
406,000
596,000
210,000
386,000
430,000
334,000
1,150,000
160,000
1,310,000
250,000
1,060,000
240,000
1,300,000
320,000
980,000
48,000
112,000
(40,000)
120,000
80,000
100,000
300,000
2.
300,000
24,000
( 16,000)
308,000
3.
308,000
72,000
( 80,000)
300,000
4.
Sales
Cost of goods sold
Marketing and administrative expenses
Net income
400,000
( 300,000)
( 40,000)
60,000
500,000
( 50,000)
( 50,000)
400,000
2.
400,000
180,000
( 120,000)
460,000
3.
460.000
100,000
( 90,000)
470,000
(126,000)
(168,000)
176,000
20,000
(100,000)
96,000
2.
3.
1,700,000
500,000
2,200,000
Problem 12
(a) P 250,000
(b) P 805,000
(c) P 710,000
(d) P 120,000
(e) P 110,000
(f) P 30,000
(g) P 65,000
(h) P 513,000
(i) P 438,000
(j) P 135,000
(k) P 478,000
(l) P 93,000
(m) P 75,000
(n) P 105,000
1,800,000
( 450,000)
( 625,000)
725,000
Multiple choice
THEORIES
1. A
2. C
3. B
4. C
5. B
6. B
7. C
8 C
9. D
10.D
PROBLEMS
1. B
2. B
3. D
4. B
5. D
6. C
7. B
8. B
9. B
10. C
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
B
C
C
D
B
B
B
B
B
D
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
A
B
116,000
B
A
D
D
B
A
A