User Account

All Pages

Calculate the predetermined overhead rate

Assignment Help Business Management
Reference no: EM131774349

Please show all work, thanks.

The master mason company uses a job costing system.  For year 4, the firm estimated total overhead to be $40,000 and the number of direct labor hours to be $10,000.

a. Calculate the predetermined overhead rate.

b. Job 247 is a special order of 100 special bricks.  The work-in-progress inventory for this job shows raw materials cost of $4,600 and the direct labor costs of $7,600.  The firm has charged 1,200 direct labor hours to the job.  What is the total cost of Job 247?

Reference no: EM131774349

Questions Cloud

Discuss what is the total amount of current liabilities : What was the average issue price of the common stock shares, What is the total amount of current liabilities
Compact company uses a job costing system : The XYZ compact company uses a job costing system. The company estimated its annual overhead to be $100,000 and the number of direct labor
Determine the cost of goods sold for the year : On September 25, 2010, a hurricane destroyed the work in process inventory of Biloxi Corporation. Determine the Cost of goods sold for the year
Discuss what amount is debited to interest expense on june : Carter Sales uses the straight-line method to amortize the Bond Discount. What amount is debited to Interest Expense on June
Calculate the predetermined overhead rate : Job 247 is a special order of 100 special bricks. The work-in-progress inventory for this job shows raw materials cost of $4,600 and the direct labor costs.
Describe the marginal benefits of flossing teeth : Draw a graph that depicts the balance between the marginal benefits of flossing your teeth in terms of the number of flossings per week and the marginal costs.
Process cost journal entries : In July, the cost of materials transferred into the Rolling Department from the Casting Department of Oak Ridge Steel Company is $432,000.
What is barry adjusted basis for the partnership interest : Barry is a 30% partner in partnership capital, profits and losses. What is Barry's adjusted basis for the partnership interest at the end of the year
Discuss remote possibility of becoming an actual liability : A contingency was evaluated at year-end and considered to have a remote possibility of becoming an actual liability

Reviews

Write a Review

Business Management Questions & Answers

  A quality perspective in order to prevent

As of yesterday (June 30, 2014) GM has recalled another 7.6 Million Vehicles. No doubt that this is a serious quality issue among several others.

  Defining and managing scope of it project

What is involved in defining and managing the scope of an IT project? How does a work breakdown structure fit into the processes and outputs of defining the scope?

  Develop a price line strategy for each of the firms

Discuss product line pricing.- Develop a price line strategy for each of these firms: a. a college bookstore b. a restaurant c. a video rental firm.

  Project manager and project management team

Risk identification should be an ongoing process for the project manager and project management team.

  What factors determine behavior in organizations is ethical

What factors determine whether behavior in organizations is ethical or unethical? Consider several unethical behaviors or incidents that you have personally observed in organizations or learned about in the media.

  Number of pairs of shoes and jeans in any given week

Therefore, she buys the same number of pairs of shoes and jeans in any given week. The shoes and jeans are indivisible; Therefore, with budget constraint, some possible adjustment to round down to the nearest integer is needed. Also, if you choose..

  Legal responsibilities to sharon and darryl

You own University Heights Apartments, a business that rents primarily to students.  One evening, your tenant Sharon is attacked by an intruder who forces the lock on the sliding glass door of her ground-floor apartment. Sharon's screams attract t..

  Change within an organization is inevitable whether it is

change within an organization is inevitable whether it is the result of such factors as the introduction of new

  What are privacy issues facing organization

What are privacy issues facing your organization? How should the organization handle those issues in terms of policies and procedures?

  How have your ideas about leadership changed

After taking this course, how have your ideas about leadership changed? What sort of career are you thinking about at this point in education and experience?

  Different cultures from the individualistic

For a global management team, are there some good suggestions as to how to handle the necessity to communicate 24 hours a day and still maintain your sanity?

  Introversion considered an equally positive quality

Extraversion is often considered a "good" quality for a leader to have. Why might introversion be considered an equally positive quality?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd