Calculate the plantwide overhead rate

Assignment Help Managerial Accounting
Reference no: EM132940992

Question - K Tyre Corp producen two types of tren, ropular and now tires. The company was activity based costing and has identified two activities and their budgeted coute Molding Assembly RM 75,000 RM 260 000 Molding is baned on mixing hours and assembly us based on machine hours Information regarding each product is as follows Regular tire Snow fire Units produced 5.000 2.000 Mixing hours 525 275 Machine hours 1000 160

Required -

A. Calculate the activity rate for molding and assembly Round your answer to two decimal places.

B. Calculate how much total overhead is assigned to each type of time.

C. Calculate the unit overhead assigned to each type of tire Amaris.

D. Assume the company does not use ABC costing Calculate the plantwide overhead rate, based on machine hours. Round your answer to two decimal places.

E. Calculate the total overhead assigned to each type of tire using the plantwide overhead rate?

Reference no: EM132940992

Questions Cloud

Find what is the amount of dividend paid for ali redha co : Find What is the amount of dividend paid? Ali Redha Co. needs $140,000,000 for new investment projects. The company has a target capital structure (D/E)
Assignment on cultural competency plan : State 10 goals that will set to help your organization's workforce become more inclusive. What is the motivation of the organization in implementing inclusive
How much cash dividends will get on july : If you have 200 shares of International Cinema B.S.C and you decided to sell 100 shares today, how much cash dividends you will get on 25.07.2021?
Explain the cultural competency : What does cultural competency means to you, and provide examples.
Calculate the plantwide overhead rate : Assume the company does not use ABC costing Calculate the plantwide overhead rate, based on machine hours. Round your answer to two decimal places
How do values influence the study of employment relations : How do values influence the study of employment relations
Evaluate the concept of competency profiling : Evaluate the concept of competency profiling. What are the arguments for and against the users.
Calculate the labour efficiency variance indicators : Calculate the Labour efficiency variance indicators. Standard direct labour rate (4 hours per sweater) $08.00. Actual direct labour rate $08.25
Deployment and continual improvement in organizations : Elaborate on the infrastructure that supports deployment and continual improvement in organizations.

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