Calculate the cost of job using the plantwide overhead rate

Assignment Help Managerial Accounting
Reference no: EM132709578

Activity-Based Costing Overhead Rates.

Assume that manufacturing overhead for Windsor Company in the previous exercise consisted of the following activities and costs:

Setup (1,000 setup hours)        $92,000

Production scheduling (300 batches) $24,000

Production engineering (70 change orders) $70,000

Supervision (2,200 direct labor hours) $66,000

Machine maintenance (13,000 machine hours) $78,000

Total activity costs $330,000

The following additional data were provided for Job 845:

Direct materials costs $6,000

Direct labor cost (5 Milling direct labor hours, 25 Finishing direct labor hours) $1,000

Setup hours 5 hours

Production scheduling 1 batch

Machine hours used (15 Milling machine hours; 5 Finishing machine hours) 20 hours

Production engineering 2 change orders

Questions:

Problem 1). Calculate the cost of Job 845 using the Plantwide Overhead Rate based on machine hours.

Reference no: EM132709578

Questions Cloud

How many sweaters would Fashions have to sell : To earn an after tax profit (pA) of $125,000 per month, how many sweaters would Fashions have to sell if it buys the sweaters from the supplier
Define the rep invariant and abstraction function : Implement a version of SumSet that allows users to supply the required methods using either Adder or Addable.
What actions are involved when applying disc assessment : What actions are involved when applying DISC assessment? Is there an impact?
Five federal laws for employment compliance : Identifies and explains in detail at least five federal laws for employment compliance
Calculate the cost of job using the plantwide overhead rate : Activity-Based Costing Overhead Rates, Calculate the cost of Job 845 using the Plantwide Overhead Rate based on machine hours
Characteristic of skills leadership theory : What is the definition and characteristic of Skills leadership theory and approaches to leadership?
Most serious harm done by colonialism : Examine and explain what you consider to be the most serious harm done by colonialism. Give examples
Calculate the net tax payable by Melbourne Awesome Ltd : Calculate the net tax payable by Melbourne Awesome Ltd for the year ended 30 June 2019. (Assume company tax rate is 30%)
What are the risks faced by the issuing : As a Canadian Exporter, you have received an order from India, covering twelve, 20' containers, of grade A apples, to be exporter under one contract

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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