Calculate the predetermined manufacturing overhead rate

Assignment Help Managerial Accounting
Reference no: EM132576538

The company XOXO is specialized in producing treadmills. The company allocates manufacturing overhead based on direct labor hours. XOXO estimated a total of $4,600 of manufacturing overhead that can be dispatched on all jobs. Moreover, the total direct labor hours that has been recorder during the period raises up to 460 hours.

Job 12 consists of 30 sets of treadmills. The company's records show that the following direct costs were requisitioned for Job 12:

Electronic parts: 40 units at $20 per unit

Plastic: 10 kilograms at $10 per kilogram

Labor hours: 60 hours at $25 per hour

Requirement:

Question 1. Calculate the predetermined manufacturing overhead (MOH) rate

Question 2. Analyze the cost per set (draw a table)

Reference no: EM132576538

Questions Cloud

What will be the effect on the break even point in units : What will be the effect on the break even point in units if variable cost increases by $5 due to an increase in the cost of direct materials?
Project - visualisation of magnetic fields from mri gradient : Project - Visualisation of magnetic fields from MRI gradient and RF coils - Give a general overview of MRI physics then go into greater detail on coil types
Prepare all journal entries for the transactions : Preferred shares, no par value, 8% cumulative, 1,000 issued and outstanding $100,000. Prepare all journal entries for the transactions
Discusses regripper-forensics tool : Discusses RegRipper, a forensics tool for use in investigations of the Windows Registry. Download and install the tool on a Windows system
Calculate the predetermined manufacturing overhead rate : Calculate the predetermined manufacturing overhead (MOH) rate. The company allocates manufacturing overhead based on direct labor hours. XOXO estimated a total
Calculate the amount to be allocated to the bond : Assume Maron Construction Ltd. follows IFRS and decides to use the residual method and measures the debt first. Calculate the amount to be allocated to the bond
Local breach of sensitive online data : Read the text sheet named "Local Breach of Sensitive Online Data". describe what measures should have been taken by the educational service
What is the new break-even point : If Gelbart Company's variable costs increase to $240 per grill while the price and fixed costs remain unchanged, what is the new break-even point
What is the portfolio beta : You own a stock portfolio invested 25% in Stock Q, 35% in Stock R, 25% in Stock S, and 15% in Stock T. The betas for these four stocks are 0.84, 1.17,

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