Apply overhead to jobs using direct labor cost

Assignment Help Accounting Basics
Reference no: EM131765970

Question: XYZ Company applies overhead to jobs using direct labor cost as an activity. For the month of September, XYZ Company estimated it would use $13,600 of direct labor and incur $17,000 of manufacturing overhead cost. The actual results reported by XYZ Company for September included $11,500 in manufacturing overhead cost and $12,000 of direct labor. For the month of September, overhead was:

overapplied by $5,500

overapplied by $3,500

overapplied by $1,900

underapplied by $5,500

underapplied by $3,500

underapplied by $1,900

Reference no: EM131765970

Questions Cloud

Displacement of the crate at the time : If the frictional force is 50.0 N, what is the displacement of the crate at the time it reaches this speed.
What company actions for the quality of followership : Evaluate followership at W. L. Gore & Associates. What company actions and/or policies account for the quality of followership?
What is the maximum unrecaptured gain : What is the maximum unrecaptured § 1250 gain from this disposition after considering depreciation recapture
Discuss the deferred revenues related to unearned revenues : Student scholarships and fellowships, for which services were required, such as graduate assistant ships
Apply overhead to jobs using direct labor cost : XYZ Company applies overhead to jobs using direct labor cost as an activity. For the month of September, XYZ Company estimated it would use $13,600.
What is the status of a marriage : What are the 2 essential formal validity conditions that must be present before a marriage can be valid - What is the status of a marriage that does not
What are the advantages of using subsidiary ledgers : What are the advantages of using subsidiary ledgers? What are the advantages of the four different special journals? When would you use each type
Evaluate the effectiveness of the accounting principle : Evaluate the effectiveness of the accounting principle guidelines for determining the market value of an asset
Calculate xyz company prime costs : XYZ Company recorded the following information related to their inventory accounts for January: January 1 January 31 Direct materials 30,000 36,000.

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