EXERCISE 2 GAMATA COMPANY – DATA ON INVENTORIES Direct material Initial Inventories of direct material= 16.000 € Final inventories of direct material= 9.000 € WIP WIPin = 111.000 and: € WIPin (WIL) = 31.000 € WIPin (PEN) = 55.000 € WIPin (DUN) = 25.000 € Finished goods Inventories = 325.000 and: € (WIL) = 75.000 Unitary cost (WIL) = 7.500 Final inventories (WIL) = 10 u € € (PEN) = 165.000 Unitary cost (PEN) = 11.000 Final inventories (PEN) = 15 u € € (DUN) = 85.000 Unitary (DUN) = 17.000 Final inventories (DUN) = 5 u € € OVERHEAD Production unit OVHtot (PROD) = 60.000 € Allocation base= time/plant WIL 55h 35h PEN 30h DUN = 120h Ʃba KP = 60.000/120 = 500 €/h OHWIL = 500 * 55 = 27.500 € OHPEN = 500 * 35 = 17.500 € OHDUN = 500 * 30 = 15.000 € Finishing unit OVHtot (FIN) = 50.000 € Allocation base = direct material WIL 4.000 € PEN 4.500 € DUN 4.000 € 12.500 Ʃba= € KF = 50.000/12.500 = 4 OHWIL = 4 * 4.000 = 16.000 € OHPEN = 4 * 4.500 = 18.000 € OHDUN = 4 * 4.000 = 16.000 € Packaging unit OHtot (PACK) = 90.000 € Allocation base= direct labor WIL 14.000 € 20.000 PEN €
EXERCISE 2 – GAMATA COMPANY DATA ON INVENTORIES Direct material Initial Inventories of direct material= 16.000 € Final inventories of direct material= 9.000 € WIP WIPin = 111.000 € and: WIPin (WIL) = 31.000 € WIPin (PEN) = 55.000 € WIPin (DUN) = 25.000 € Finished goods Inventories = 325.000 € and: (WIL) = 75.000 € Unitary cost (WIL) = 7.500 € Final inventories (WIL) = 10 u (PEN) = 165.000 € Unitary cost (PEN) = 11.000 € Final inventories (PEN) = 15 u (DUN) = 85.000 € Unitary (DUN) = 17.000 € Final inventories (DUN) = 5 u OVERHEAD Production unit OVHtot (PROD) = 60.000 € Allocation base= time/plant WIL 55h PEN 35h DUN 30h Ʃba = 120h KP = 60.000/120 = 500 €/h OHWIL = 500 * 55 = 27.500 € OHPEN = 500 * 35 = 17.500 € OHDUN = 500 * 30 = 15.000 € Finishing unit OVHtot (FIN) = 50.000 € Allocation base = direct material WIL 4.000 € PEN 4.500 € DUN 4.000 € Ʃba= 12.500 € KF = 50.000/12.500 = 4 OHWIL = 4 * 4.000 = 16.000 € OHPEN = 4 * 4.500 = 18.000 € OHDUN = 4 * 4.000 = 16.000 € Packaging unit OHtot (PACK) = 90.000 € Allocation base= direct labor WIL 14.000 € PEN 20.000 €