Calculate the amount of overhead applied to job

Assignment Help Accounting Basics
Reference no: EM131623875

Question - Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 73,000 direct labor-hours, total fixed manufacturing overhead cost of $109,500, and a variable manufacturing overhead rate of $4.50 per direct labor-hour. Recently Job X387 was completed and required 240 direct labor-hours.

Required: Calculate the amount of overhead applied to Job X387. (Do not round intermediate calculations.)

Reference no: EM131623875

Questions Cloud

Propose a compensation survey : Develop a PowerPoint presentation for your corporation's board of directors in which you will propose a compensation survey.
Case scenario-the coca-cola company and pepsico inc : Go to the book's companion website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc.
Define each type of pay plan and explain the similarities : Create a PowerPoint presentation in which you define each type of pay plan and explain the similarities and differences between them.
The characterization of dee in alice walker''s everyday use : In Alice Walkers Everyday Use Dee is characterized by what she does, what she says, and what others say about her
Calculate the amount of overhead applied to job : Recently Job X387 was completed and required 240 direct labor-hours. Calculate the amount of overhead applied to Job X387
For what segments did p-and-g report segmented information : The Procter & Gamble Company (P&G) As stated in the chapter, notes to the financial statements are the means of explaining the items presented in the main body.
Define the process of accounting : 1. Define the process of accounting. 2. What are the three major divisions in the accounting field?
How can a company build trust and what is the best approach : How can a company build trust and what is the best approach to do so (incorporating concepts from both the field of marketing and psychology)?
Describing financial accounting disclosures required : Describing financial accounting disclosures required for nonprofit organizations and how these disclosures provide useful information to users

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