Calculate note the reasons for the overhead absorption

Assignment Help Managerial Accounting
Reference no: EM132963120

A production department has a budgeted production overhead of lr $180,000 and budgeted activities of 45,000 machines hours. overhead are absorbed on a machine hours basis.

Required:

Problem 1: Calculate the under /over absorbed and note the reasons for the under / overhead absorption in the circumstances.

Reference no: EM132963120

Questions Cloud

What amount should be used as initial cash flow for project : What amount should be used as the initial cash flow for this project? Kelly's Corner Bakery purchased a lot in Oil City six years ago.
What will be the expected rate of return on equity : ?Virtual Excursions, Pty is financed 80% by common stock and 20% by bonds. What will be the expected rate of return on equity
What operating cash flow for project for jefferson and sons : The applicable tax rate is 22 percent. What is the operating cash flow for this project? Jefferson & Sons is evaluating a project that will increase annual sale
How much can you afford : Besides taking out loan, you can put $2,500 as initial down payment. If you can acquire an interest rate at 4% APR compounded monthly, how much can you afford
Calculate note the reasons for the overhead absorption : Calculate note the reasons for the under / overhead absorption. A production department has a budgeted production overhead of lr $180,000
Determine the allocation of the transaction prices : Determine the allocation of the transaction prices for both customers and the revenue to be recognised for the month of January and February
What journal entry abc company should make to recover : What journal entry ABC Company should make to recover the receivables? ABC Company unexpectedly received the accounts receivable payment from XYZ Company.
What is the journal entry for abc company to record : The company estimate that 6% of the sales revenue can not be collected in the future. What is the journal entry for ABC company to record the estimation?
What is the journal entry for the inventory : ABC company sold a washing machine at 300 dollars on credit, while the cost of the machine is 220 dollars. What is the journal entry for the inventory?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute what is the present value of the lease payments

Compute What is the present value of the lease payments? The Corporation has entered into an 8-year lease for equipment. The annual payment under the lease

  Consideration when making that decision

What things about the corporate environment did you take into consideration when making that decision?

  Make a contribution format income statement for the year

Make a Contribution Format Income Statement for the year ended December 31, 2019. Include the Per Unit and Percentage totals in the income statement.

  The journal entry to record the purchase of raw materials

Soledad Corporation had $29,000 of raw materials on hand on December 1. During the month, the Corporation purchased an additional $75,200 of raw materials. The journal entry to record the purchase of raw materials would include a:

  Calculating unit price

Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity- based costing system contains the following six activity cost pools and activity rates:

  What is the minimum transfer price that trudat corporation

What is the minimum transfer price that Trudat Corporation (Canada) would be willing to accept independently of the subsidiaries?

  Discuss the characteristics of npv

Examine and discuss the characteristics of NPV and the role that this method plays in capital investment decision making. In addition, discuss the advantages of using this method instead of the other evaluation methods examined this week.

  How can expect to make a bonus of

Under the above scheme, a sales manager, who has private knowledge of expected sales of $10,000, can expect to make a bonus of

  Compute the machine payback period

A machine can be purchased for $284,000 and used for five years, yielding the following net incomes. Compute the machine payback period

  Evaluate the original assumptions in the budget

Evaluate the Original Assumptions in the Budget to Publicly Available information - To prepare for this step, should review the basics of budgeting - you must decide whether or not to communicate this information to the controller either before or a..

  Identify type of cost for payment for office stationary case

Determine and Examine the factors which explain why the average cost of producing a commodity declines with an expansion in the scale of production

  Guidance relating to typical activities

Provide guidance relating to typical activities, examples of cost pools and cost drivers, and the overheads for Housebuilding company like Bovis Homes.

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