Calculate the predetermined overhead rates

Assignment Help Accounting Basics
Reference no: EM132531336

Question - The following information relates to the Moonie Park Manufacturing Company for the year 2012.

Plant capacity 480,000 machine hours Normal level of production 432,000 machine hours Budgeted level of production 360,000 machine hours Budgeted manufacturing overhead $2,160,000 Actual manufacturing overhead for the month of $175,000 Actual machine hours used for February 2012 35,000

Required - Calculate the predetermined overhead rates per machine hour based on practical capacity, normal capacity and budgeted capacity respectively.

Reference no: EM132531336

Questions Cloud

Determine the conversion cost per equivalent unit : Fedora Inc. uses a weighted-average process costing system and has one production department. Determine the conversion cost per equivalent unit
How prince positions product : EXPLAIN how you would go through each stage of the consumer decision process when deciding which Prince tennis racket to buy for the first time
Find what is this company return on equity : Find What is this company's return on equity, using DuPont formula? Round to two decimal places. A company has sales of $56 million, net income of $19 million
Major modern portfolio theories in details : Compare and contrast all the major modern portfolio theories in details.
Calculate the predetermined overhead rates : Calculate the predetermined overhead rates per machine hour based on practical capacity, normal capacity and budgeted capacity respectively
What is the company return on equity : A company has sales of $132 million, net income of $24 million, What is this company's return on equity, using the DuPont formula? Round to two decimal places.
Present price per share of club common stock : Club has a cost of capital of 12%. What should be the present price per share of Club common stock?
What is the stocks annualized rate of return : You invested in a stock 4 months ago for $12 per share. Now it is worth $15 per share. What is the stock's annualized rate of return (EAR)
What is the equilibrium expected growth rate : The stock sells for $32.50 per share, The dividend is expected to grow at some constant rate, g, forever. What is the equilibrium expected growth rate?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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