Calculate the breakdown of overhead cost as to second shift

Assignment Help Cost Accounting
Reference no: EM132633865

BSA Homes produces a variety of household products. The ?rm operates 24 hours per day with three daily work shifts. The ?rst-shift workers receive "regular pay." The second shift receives an 8 percent pay premium, and the third shift receives a 12 percent pay premium. In addition, when production is scheduled on weekends, the ?rm pays an overtime premium of 50 percent (based on the pay rate for ?rst-shift employees). Labor premiums are included in overhead. The October 2019 factory payroll is as follows:

Total wages for October for 32,000 hours P435,600

Normal hourly wage for first-shift employees P12

Total regular hours worked, split evenly among the three shifts 27,000

Answer the following:

Question 1. How much of the total labor cost should be charged to direct labor?

Question 2. How much of the total labor cost should be charged to overhead?

Question 3. Calculate the breakdown of overhead cost as to:

a. Second shift premiums

b. Third shift premiums

c. Overtime premiums

Reference no: EM132633865

Questions Cloud

What is the corporate bond value : AMCOR Limited, payments will be repaid, without interest, at maturity. What is the corporate bond's value (the price for AMCOR's bond)?
Advantages of nanotechnology in health care : Explain the potential advantages and disadvantages of nanotechnology in health care, agriculture, or industry and discuss whether you would or would not support
Determine the bep : V.C. per unit is expected to be Rs. 6 while it was Rs. 5 per unit during previous period. F.C. for current period is Rs. 86000. BEP? Assume FIFO
Compute the variable and fixed component of the utility cost : Compute the variable and fixed component of the utility costs of Jenel using least squares analysis and derive the cost formula based on your computations.
Calculate the breakdown of overhead cost as to second shift : Calculate the breakdown of overhead cost as to Second shift premiums. How much of the total labor cost should be charged to direct labor?
Find the effects of inflation on an acquisition program : Determine Financial managers use escalation to consider the effects of inflation on an acquisition program by applying Inflation factors to actual incurred
Develop a variable cost income statement : Develop a variable cost income statement. The income statement reflects sales of 100,000 mice. Direct materials cost $5.00 per mice
Calculate breakeven for bicycleco : CVP- Cost volume and profit analysis, Calculate breakeven for Bicycleco. Is your calculation likely to be in the relevant range? Why or why not?
Write the augmented matrix representing the system : Write the augmented matrix representing the system of linear equations and Solve your assigned problem and include an explanation

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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