Solutions1

SOLUTIONS OF COST ACCOUNTING EXAMPLES

	Detail	Debit	Credit
740 Service Cost		150,000
770 General administrative expenses		12,000
-Salaries	162,000
-Internal medicine clinic Surgery clinic Pediatric clinic Accounting department Human recourses dept.	50,000 70,000 30,000 7,000 5,000
XXX

20,000 * 0.18 = 3,600 TL VAT

20,000 * 0.7 = 14,000 TL manufacturing employees

20,000 * 0.3 = 6,000 TL administrative employees

	Detail	Debit	Credit
730 Manufacturing Overhead		14,000
770 General administrative expenses		6,000
-Outsourced services -Subcontracted service expenses	20,000 20,000
-Social services (factory) Social services (admin)	14,000 6,000
VAT deductible		3,600
Bank accounts			23,600

	Detail	Debit	Credit
770 General administrative expenses		2,000
-Miscellaneous expenses - Insurance expenses	2,000 2,000
Prepaid expenses			2,000

	Detail	Debit	Credit
770 General administrative expenses		5,000
-Miscellaneous expenses - Rent expense	5,000 5,000
- Building occupancy (admin)	5,000
Bank accounts			5,000

30,000 * 0.18 = 5,400 TL VAT

30,000 * 0.7 = 21,000 TL manufacturing employees

30,000 * 0.3 = 9,000 TL administrative employees

	Detail	Debit	Credit
730 Manufacturing Overhead		21,000
770 General administrative expenses		9,000
-Outsourced services -Subcontracted service expenses	30,000 30,000
-Social services (factory) Social services (admin)	21,000 9,000
VAT deductible		5,400
Bank accounts			35,400

50,000 * 0.18 = 9,000 TL VAT

	Detail	Debit	Credit
760 Selling, marketing and delivery expenses		50,000
-Miscellaneous expenses -Advertising and promotion expenses	50,000 50,000
-Marketing department	50,000
VAT deductible		9,000
Bank accounts			59,000

4,000 * 0.18 = 720 TL VAT

	Detail	Debit	Credit
760 Selling, marketing and delivery expenses		4,000
-Outsourced services -Expenses related to sales and delivery	4,000 4,000
VAT deductible		720
Bank accounts			4,720

10.

11.

	Detail	Debit	Credit
740 Service cost		27,000
-Materials	27,000
-Surgery clinic Internal medicine clinic	20,000 7,000
150 Materials inventory			27,000

12.

13.

	Detail	Debit	Credit
770 General administrative expenses		800
-Outsourced services -Communication expenses	800 800
- Building occupancy (admin)	800
Cash			800

14.

	Detail	Debit	Credit
730 Manufacturing overhead		80,000
-Outsourced services -Utility expenses	80,000 80,000
- Energy	80,000
Bank accounts			80,000

15.

16.

	Detail	Debit	Credit
730 Manufacturing Overhead		140,000
770 General administrative expenses		15,000
-Depreciation and amortization	155,000
-Building occupancy (factory) Building occupancy (admin)	140,000 15,000
Accumulated depreciation			155,000

17.

	Detail	Debit	Credit
740 Service cost		180,000
-Depreciation and amortization	180,000
-Radio diagnostic department	180,000
Accumulated depreciation			180,000

18.

2,500 * 0.18 = 450 TL VAT

	Detail	Debit	Credit
730 Manufacturing overhead		2,500
-Outsourced services -Repair and maintenance expenses	2,500 2,500
-Welding department	2,500
VAT deductible	450
Bank accounts			2,950

19.

1,500 * 0.08 = 120 TL VAT

1,500 * 0.7 = 1,050 TL manufacturing employees

1,500 * 0.3 = 450 TL administrative employees

	Detail	Debit	Credit
730 Manufacturing Overhead		1,050
770 General administrative expenses		450
-Materials	1,500
-Social services (factory) Social services (admin)	1,050 450
VAT deductible		120
Cash			1,620

20.

	Detail	Debit	Credit
730 Manufacturing overhead		10,000
-Salaries	10,000
-Repair and maintenance department	10,000
XXX

21.

	Debit	Credit
622 Cost of service sold	150,000
631 Selling, marketing and delivery expenses	50,000
632 General administrative expenses	30,000
741 Service cost transfer account		150,000
761 Selling, marketing and delivery expenses transfer account		50,000
771 General administrative expenses transfer account		30,000

MAN311