Calculate the total amount of underapplied

Assignment Help Accounting Basics
Reference no: EM132694920

Problem - Hamilton Pty Ltd uses a standard costing system for product costing. The company uses direct labour hours as the cost overhead costs. The following amounts were budgeted for the year:

Planned production-units 50 000

Direct labour hours 200 000

Variable overhead $1 000 000

Fixed overhead $600 000

The following were the actual results: Actual production-units 48 000

Direct labour hours 195 000

Variable overhead $950 000

Fixed overhead $610 000

Required - Calculate the total amount of underapplied or overapplied manufacturing overhead.

A. $80 000 underapplied

B. $64 000 underapplied

C. $50 000 overapplied

D. $24 000 underapplied

Reference no: EM132694920

Questions Cloud

Discuss why security as a service is a good investment : Discuss 500 words or more discuss why Security as a Service is a good investment. Cite your sources. Do not copy. Write in essay format not in bulleted.
Change the organizational culture in new company : You have just accepted a leadership position with an organization that has hired you for your expertise in changing organizational culture.
What is the interest expense : Question - Fleetwood, Inc. signed a three-year note payable for $59,000 at 7% annual interest. What is the interest expense for 2019
Effect relationship in an organisation : How leadership has a direct cause and effect relationship in an organisation?
Calculate the total amount of underapplied : The following were the actual results: Actual production-units 48 000. Calculate the total amount of underapplied or overapplied manufacturing overhead
Define the industry sectors that use the system : System overview (textual) and architecture (graphical) covering devices and network topology explaining the function of each of the key assets
Urinary system-reabsorption-secretion and clearance : Explain how inulin can be utilized to determine glomerular filtration rate (GFR) in a person.
Contrast the leader behavior research : Compare and contrast the leader behavior research conducted by the Ohio State and University of Michigan.
Explain what is agile project management : Explain what s Agile Project Management? What is SCRUM in project management?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem - Stock Transactions for Corporate Expansion

Stock Transactions for Corporate Expansion - Common Stock, $100 par (800,000 shares authorized, 250,000 shares issued) 25,000,000

  How much would division cs income from operations increase

How much would Division C's income from operations increase (decrease)? How much would Division A's income from operations increase (decrease)?

  Compute the cost of the ending inventory

isa Company had 264 units in beginning inventory at a total cost of $31,944. Compute the cost of the ending inventory and the cost of goods sold

  Complexity of purchasing security traded on foreign exchages

Are MNEs Global Investments? Firms with operations and assets across the globe, true MNEs, are in many ways as international in composition as the most.

  The premium also is amortized on a straight-line basis the

company p owns 80 of company s. on january 1 20x3 company s has outstanding 6 bonds with a face value of 200000 and an

  Problem related to stock redemption

Kingbird redeems 200 of Amata's shares for $1000 per share. Amata paid $300 per share for her stock nine years ago. Which of the following statements is correct with respect to the stock redemption?

  Provide the journal to record the harvesting of mangos

On July 1, 2018 the mango orchard had a value of $90,000 however at June 30, 2019 the value had increased to $113,000. Provide the journal to record harvesting

  How to determine the revenue in year one

Payments of P59,300 each year to start on December 31, 20x3. The project is 60% complete by the end of year 1. Determine the revenue in year 1.

  Discuss advantages of issuing preferred stock versus bonds

The following is an excerpt from a conversation between the chief executive officer, Discuss advantages and disadvantages of issuing preferred stock versus bond

  How much must brooks pay back at maturity

Duncan Brooks Co. needs to borrow $500,000 to open new stores. Brooks can borrow $500,000, How much must brooks pay back at maturity

  Discuss the Sarbanes-Oxley Act

Discuss the Sarbanes-Oxley Act. What effect has it had on companies' auditing processes? In what was has this affect been a positive one

  Formulate a linear program that will enable dantzigbank

Dantzigbank is attempting to determine where its assets should be invested during the current year. At present, $500,000 is available for investment in bonds.

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