Assigned to the inspecting cost pool to products is

Assignment Help Financial Accounting

Reference no: EM131212799

1. For its inspecting cost pool, Noah Company expected overhead cost of $69,822 and 1,178 inspections. The actual overhead cost for that cost pool was $57,797 for 1,870 inspections. The total cost that would be assigned to the inspecting cost pool to products is

2. One of Ava Company's activity cost pools is inspecting, with estimated overhead of $189,902. Ava produces throw rugs (19,800 inspections) and area rugs (43,900 inspections). How much of the inspecting cost pool should be assigned to area rugs?

Reference no: EM131212799

Questions Cloud

Assuming appropriate procedures are performed : Classify each of the following based on whether they can be performed at an interim date (assuming appropriate procedures are performed during the roll forward period) or whether they must be performed at or after the fiscal year end. Design effectiv..

Annual revenue is given and sale value is unknown : Annual revenue is given and sale value is unknown: Suppose you have to decide whether sell an old machine or keep it with a major overhaul. You can: Sell the machine at time zero for X dollars with zero book value and paying the tax of 40%. Calculate..

Calculate the return on equity : The financial statements of Colorado Outfitters, include the following selected data ($ in millions): sales, $9,543; net income, $320; beginning stockholders' equity, $3,219; and ending stockholders’ equity, $2,374. Calculate the return on equity.

Gain on this asset will impact the tax obligation : In July of 2009, Mr. Mann, a sole proprietor who performs excavating services, purchased and put to use for business a piece of heavy equipment for $36,500. Explain how any gain on this asset will impact the tax obligation for Mr. Mann as the proprie..

Assigned to the inspecting cost pool to products is : For its inspecting cost pool, Noah Company expected overhead cost of $69,822 and 1,178 inspections. The actual overhead cost for that cost pool was $57,797 for 1,870 inspections. The total cost that would be assigned to the inspecting cost pool to pr..

Uses a traditional costing system : Emma Company produces two products, Alpha and Beta. Alpha is a high-volume item totalling 27,800 units annually. Beta is a low-volume item totalling only 2,800 units per year. Alpha requires two hours of direct labor for completion, while each unit o..

Calculating current and deferred income taxes : Venus Corp.'s worksheet for calculating current and deferred income taxes for Year 1 follows: Year 1 Year 2 Year 3 Pretax income $1,400 Temporary differences: Depreciation (800) (1,200)$ 2,000 Warranty costs 400 (100) (300) Taxable income $1000 (1,30..

The essays of warren buffett : The Essays of Warren Buffett” and comment on his views on dividend policy. While academicians have failed to come up with a single prescriptive theory on dividend policy, his “One dollar premise” sounds very logical. What do you think?

Manufacturing overhead on the manufacturing overhead budget : The manufacturing overhead budget at Calendar Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 6,800 direct labor-hours will be required in February. The variable overhead rate is $3.20 per direct labor-hour..

User Account

All Pages