Calculation of over heads to be assigned to a unit of

Assignment Help Financial Accounting
Reference no: EM13356619

Calculation of Over heads to be assigned to a unit of output.

Lakeside Company's budget for the coming year includes $8,000,000 for manufacturing overhead, 100,000 hours of direct labor, and 500,000 hours of machine time. If Lakeside applies overhead using a predetermined rate based on machine-hours, what amount of overhead will be assigned to a unit of output which requires 0.5 machine hours and 0.25 labor hours to complete?

If Lakeside applies overhead using a predetermined rate based on labor-hours, what amount of overhead will be assigned to a unit of output which requires 0.5 machine hours and 0.25 labor hours to complete?

Reference no: EM13356619

Questions Cloud

Preparation of income statement and deriving operating cash : preparation of income statement and deriving operating cash flows.waldorf co. had the following transactions during the
Preparation of balance sheet and computation of retained : preparation of balance sheet and computation of retained earnings.from the following accounts and amounts prepare a
Preparation of an income statement and computation of : preparation of an income statement and computation of earnings per share.tony rich inc. reported income from continuing
Overhead variancesthe following calendar year information : overhead variancesthe following calendar year information about the acme corporation is available on december
Calculation of over heads to be assigned to a unit of : calculation of over heads to be assigned to a unit of output.lakeside companys budget for the coming year includes
Job costing - accepting special ordersassume melville can : job costing - accepting special ordersassume melville can sell 58000 units of pong to regular customers next year and
Job costing - accepting ordersthe melville company produces : job costing - accepting orders.the melville company produces a single product called a pong. melville has the capacity
Computation of predetermined overheads using job order : computation of predetermined overheads using job order costing.mason co. uses a job order cost accounting system. at
Computation of contribution margin which is of variable : computation of contribution margin which is of variable costing method income statement.miyamoto jewelers is

Reviews

Write a Review

Financial Accounting Questions & Answers

  What net carrying amount should be used in computing gain

Omara acquired all of these bonds at 94 and retired them. What net carrying amount should be used in computing gain or loss on this early extinguishment of debt?

  Illustrate which fund should the money be recorded in

When a city received a private donation of $1,000,000 stipulating that the principal donation would be preserved but allowing the interest income to be spent on building a city park with access for disabled children, illustrate which fund should t..

  Data relating to balances of various accounts

The 2010 income statement showed interest revenue in the amount of $4,900. You are to provide the missing adjusting entry that must have been made, assuming reversing entries are not made. For each journal entry write Dr for debit and Cr for credi..

  Affect pre-tax profits

Calculation of no. of days in conversion cycle - how much cash would be freed up, and how would that affect pre-tax profits

  Which internal control principle if any is being violated

Joe Jones has been a trusted employee for over 10 years. He is responsible for ordering merchandise inventory, receiving the inventory items, and authorizing the payment for these items. Which internal control principle, if any, is being violated..

  Evaluated that the total estimated life

evaluated that the total estimated life should be 10 years with a salvage value of $5,490 at end of that time. Consider straight-line depreciation.

  Emerged from the most recent recession

As the economy emerged from the most recent recession, household income rose by 6%. Over the same period, total expenditures on beef increased by 3%. Assuming that all other economic variables were held constant,

  Which internal control principle is being violated

Joe Jones has been a trusted employee for over 10 years. He is responsible for ordering merchandise inventory, receiving the inventory items, and authorizing the payment for these items. Which internal control principle, if any, is being violated?

  Why financial accounting standards inspire or encourage

why financial accounting standards inspire or encourage political action and social involvement during the standard setting process

  Influence the selection of measurement approach

Identify factors that will influence the selection of measurement approach

  What market price would be paid

What market price would be paid for this note by an investor, who requires a 12 percent yield on his investments, compounded Quarterly?

  Determine the ending balances

Compute the equivalent units of production for direct materials and conversion costs for September using the FIFO costing method and Determine the ending balances.

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