Actual factory overhead for that period was rs 42000

Assignment Help Accounting Basics
Reference no: EM13482603

Factory overhead absorption rate of a pharmaceutical is Rs2.50. Budgeted Factory overhead at two activity levels is asfollows for that period.


Activity level

Budgeted factory overhead

Low

20,000 Hours

Rs. 45,000

High

40,000 Hours

Rs. 75,000

Actual Factory overhead for that period was Rs. 42,000 andactual volume was 25,000 hours.

Required:

i) Variable factory overhead absorption rate

ii) Budgeted variable factoryoverhead at high activity level 40,000 hours.

Reference no: EM13482603

Questions Cloud

Prepare a tabular analysis of the transactions using the : barones repair shop was started on may 1 by nancy barone. a summary of may transactions is presented below.1. invested
At december 31 2010 the estimated future costs to complete : turner inc. began work on a 7000000 contract in 2010 to construct an office builidng. during 2010 turner inc. incurred
500 lost units were 60 completeas to material and : 50 000 units were received from preceding department 9000units were still in process at the end of month complete
Holmes company has a factory machine with a book value of : holmes company has a factory machine with a book value of 89851 and a remaining useful life of 4 years. a new machine
Actual factory overhead for that period was rs 42000 : factory overhead absorption rate of a pharmaceutical is rs2.50. budgeted factory overhead at two activity levels is
Keller company requires its marketing managers to submit : keller company requires its marketing managers to submit estimated cost-volume-profit data on all requests for new
Lewis industries adopted a defined benefit pension plan on : lewis industries adopted a defined benefit pension plan on january 1 2013. by making the provisions of the plan
During january 19000 units were completed and transferred : during january 19000 units were completed and transferred. at january 31st 6500 units remained in work in process that
The bootsie holding company has sales exceeding 10 billion : the bootsie holding company has sales exceeding 10 billion and each of its three wholly-owned subsidiaries has sales

Reviews

Write a Review

Accounting Basics Questions & Answers

  What assumptions underlie the decision made

Innova also incurs 5% sales commission ($0.35) on each disc sold.  Mudd Corporation offers Innova $4.75 per disc for 5,000 discs. Mudd would sell the discs under its own brand name in foreign markets not yet served by Innova.

  How to prepare the bank reconciliation

On July 31, 2010, Fenton Company had a cash balance per books of $6,140. The statement from Jackson State Bank on that date showed a balance of $7,695.80. A comparison of the bank statement with the cash account revealed the following facts.

  Journal entries for the conversion of bonds

The bonds are convertible into 30 shars of Haas $5 par value common stock for each $1,000 worth of bonds. On 12/31/08, after the bond interest has been paid, $20,000 face value bonds were converted. The market value of Haas common stock was $44 pe..

  Total dollar return and rate of return

If I bought 400 shares of AllTell stock for $15 per share and one year later, sold the stock for $21 per share, and receive a $0.90 cash dividend:

  Define the term "earnings per share"

Define the term "earnings per share" as it applies to a corporation with a capitalization structure composed of only one class of common stock. Explain how earnings per share should be computed and how the information should be disclosed in the corpo..

  Discussion of the feasibility of the project

Prepare a summary cash budget for the year, showing any borrowing and repayment of debt with interest. Discuss Big Als ability to repay the expansion loan. Include a discussion of the feasibility of the project. Include qualitative factors to be c..

  Margin of safety problems

Strong Wood Company is a distributor of patio furniture. Data concerning the next month's budget appear below. What is the company's margin of safety? What is the company's margin of safety as a percentage of sales?

  Direct labor and overhead costs

What are some examples of Toll Brothers' direct material, direct labor and overhead costs that they would incur in building their homes?

  Write a thorough discussion of the following capital

write a thorough discussion of the following capital expenditure valuation methods payback discounted payback net

  Prepare a partial balance sheet for the company at

on december 31 2997 the company has 7m of short term debt inthe form of notes payable to the bank due in 2008. on

  Find relation between tolerable misstatement, inherent risk

How do the calculation and comparison to previous years of the gross margin percentage and the ratio of accounts receivable to sales are related to the conformation of accounts receivable and other tests of the accuracy of accounts receivable?

  Calculate the present value index for each alternative

The large trucks are expected to cost 600,000 and to have a four year useful life and a 60,000 salvage value. Calculate the present value index for each alternative.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd