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Formulas for WGU C253 Advanced Managerial Accounting test with complete solutions.
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Formulas for WGU C253 Advanced Managerial Accounting test with complete solutions.
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Formulas for WGU C253Advanced Managerial
Accounting test with complete
solutions
Pre-determined MOH rate (Job-Order Costing)
Estimated MOH / Estimated units of Allocation base
Applied MOH (Job-Order Costing)
Pre-determined MOH rate * Actual units of the Allocation Base
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Under/Over Applied MOH (Job-Order Costing)
Actual MOH - Applied MOH
Job cost (Job-Order Costing)
Direct Materials used + Direct Labor + Applied MOH
Cost of Goods Manufactured (Job-Order Costing)
, Direct Materials used + Direct Labor + Applied MOH + (Beg WIP -
End WIP)
Cost of Goods Sold (Job-Order Costing)
Cost of Goods Manufactured + (Beg Finished Goods - Ending
Finished Goods)
Adjusted Cost of Goods Sold (Job-Order Costing)
Cost of Goods Manufactured + (Beg Finished Goods - Ending
Finished Goods) +/- Under/Over applied MOH
Units transferred (Weighted Average Method)
Beg WIP + Units started - End WIP
Equivalent units for materials (Weighted Average Method)
(100% x Units transferred) + (% Completed x End WIP) with respect
to materials
Equivalent units for conversion (Weighted Average Method)
(100% x Units transferred) + (% Completed x End WIP) with respect
to conversion
Cost/Equivalent unit for materials (Weighted Average Method)
(Beg WIP$ + Current Costs$) / (100% x Units transferred) + (%
Completed x End WIP)
Cost/equivalent unit for conversion (Weighted Average Method)
(Beg WIP$ + Current Costs$) / (100% x Units transferred) + (%
Completed x End WIP)
Total Costs assigned to units transferred (Weighted Average
Method)
(Units transferred x cost/eq unit for materials) + (Units transferred
x cost/eq unit for conversion)
Costs assigned to End WIP (Weighted Average Method)
(End WIP eq. units for materials x cost/eq unit for materials) + (End
WIP eq. units for conversion x cost/eq unit for conversion)
Variable costing product cost (Variable and Absorption Costing)
Direct Material + Direct Labor + Variable MOH
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