Calculate the budgeted manufacturing overhead rate

Assignment Help Cost Accounting
Reference no: EM13514669

Gammaro Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2011:

Budgeted manufacturing overhead costs $4,200,000

Budgeted machine-hours 175,000

Actual manufacturing overhead costs $4,050,000

Actual machine-hours 170,000

1. Calculate the budgeted manufacturing overhead rate.

2. Calculate the manufacturing overhead allocated during 2011.

3. Calculate the amount of under- or overallocated manufacturing overhead.

Reference no: EM13514669

Questions Cloud

How many times greater is the speed of sound in the rail : Have you ever listened for an approaching train by kneeling next to a railroad track and putting your ear to the rail. how many times greater is the speed of sound in the rail than in the air
Define how much carbon dioxide in kilograms is produced : How much carbon dioxide in kilograms is produced upon the complete combustion of 29.1 L of propane (approximate contents of one 5-gallon tank). assume that the density of the liquid propane in the tank is 0.621 g/mL.
Find the increase in the temperature of the brakes : A 2000 kg car is traveling at 15.0 m/s down a long mountain grade of 2.0%. The mountain road is 5.0 km long. What is the increase in the temperature of the brakes
Explain the ph of the solution and the percent ionization : A 16 ounce specialty coffee drink contains 200 mg caffeine. If all the caffeine is extracted and dissolved in an equal amount of water, what is the pH of the solution? What is the percent ionization
Calculate the budgeted manufacturing overhead rate : Calculate the budgeted manufacturing overhead rate and calculate the manufacturing overhead allocated during 2011.
What is the heat capacity of the sample : 200 Joules of heat flows into a 35 g sample. If the temperature increases by 10°C, then what is the heat capacity of the sample
What is the charge on each capacitor : The capacitance of three capacitance are 10 ?f, 15 ?f and 20?f , connected in series of combination by a copper wire. what is the charge on each capacitor
Calculate the budgeted cost per service for x-rays : Calculate the budgeted cost per service for X-rays, Ultrasounds, CT scans, and MRIs using direct technician labor costs as the allocation basis.
What is the increase in the total internal energy : If the temperature of 2.000 moles of an ideal gas is increased by 50°C, then what is the increase in the total internal energy

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost of goods sold, ending inventory and gross profit

Cost of goods sold, ending inventory and gross profit

  Question 1 chi corporation trades an asset with a book

question 1. chi corporation trades an asset with a book value of 20000 for other asset with a fair market value of

  Analyze the riskiness of the firm

Fill in the income statement for GlaxoSmithKline (UK)and Balance sheet in Appendex A for 2011 and 2010.  Take the numbers from their corporate website ONLY and then take the rate of USD and convert the numbers from Pounds to USD.

  Computes the total cost and marginal cost

Create a table that computes the total cost and marginal cost for every quantity between 1 and 10 units and what is the relation between marginal cost and average cost

  Write an explanatory essay on capital the essay should not

write an explanatory essay on capital. the essay should not exceed two typed pages. be sure to follow an essay format

  Schedule of cash flows from operating activities

Cash flows from operating activities, indirect method - Prepare a schedule of cash flows from operating activities using the indirect method.

  International accounting standards are lsquounusable from

international accounting standards are lsquounusable from an investors viewpoint and make lsquoglobal allocation of

  Overhead that would be charged to each bouquet

Riverside Florists uses an activity-based costing system to compute the cost of making floral bouquets and delivering the bouquets to its commercial customers.

  Equity of existing stockholders in the corporation

What information on this option plan could be shown in the financial statements of Recycling Corporation at December, 2010 describe.

  Define variable costing income statement

Manufacturing cost per unit (variable costing) = Direct material + Direct labor + Variable manufacturing overhead.

  Find for each computer the dollar markup

An Apple Computer Center sells computers for $1,258.60. Assuming the computers cost $10,788 per dozen, find for each computer the (a) dollar markup, (b) percent markup on cost, and (c) percent markup on selling price (nearest hundredth percent).

  Calculate cost of goods manufactured

Calculate Cost of Goods Manufactured and prepare a schedule to support your calculations based upon the following information for Example Manufacturing, Inc. for January 2012. (See slide 13 of S-V for an example of a schedule):

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