Allocation of manufacturing overhead

Assignment Help Accounting Basics
Reference no: EM1364765

Manufacturing overhead is allocated to products based on the number of machine hours required. In a year when 20,000 machine hours were anticipated, costs were budgeted at $125,000. If a product requires 7,000 machine hours, how much manufacturing overhead will be allocated to this product?

Reference no: EM1364765

Questions Cloud

Limitations of inventory control models such as eoq : What do you think can be the limitations of inventory control models such as EOQ, continuous-review, and periodic-review models?
What is the maximum mass it can support in freshwater : what is the maximum mass it can support in freshwater. find the maximum height of the projectile is equal to its horizontal range.
Explain and analyze the waysto use the federal register : Explain and Analyze the ways in which managers could use the Federal Register to determine the single most significant challenge associated with its use
Calculate the present and future value : Calculate the present value of a $100 cash flow for the following combinations of discount rates and times:
Allocation of manufacturing overhead : Manufacturing overhead is allocated to products based on the number of machine hours required. In a year when 20,000 machine hours were anticipated, costs were budgeted at $125,000.
Compute the diameter of the bright circular spot formed : compute the diameter of the bright circular spot formed.
Equivalent units of production : Compute the equivalent units of production for materials and conversion costs for the month of August. Compute the unit costs for materials and conversion costs for the month. Determine the costs to be assigned to the units transferred out and in pro..
Strategic management - able corporation : How would you go about defining the identity of Able Corporation and creating its mission statement and what principle would you use in order to prioritize the implementation steps needed to accomplish the strategic objectives?
What is the velocity of plane with respect to the ground : what is the velocity of plane with respect to the ground. A nonconducting sphere has radius R = 2.53 cm and uniformly distributed charge q = +6.00 fC. Take an electric potential at the sphere's center to be V0 = 0.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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