compute its predetermined overhead rate

Assignment Help Cost Accounting

Reference no: EM132846417

Question - At the beginning of the current year, GK Corporation estimated that its manufacturing overhead would be Php70,000 and the activity level would be 10,000 machine-hours. The level of activity at capacity is 14,000 machine-hours. The actual manufacturing overhead for the year was Php63,300 and the actual level of activity was 10,100 machine-hours.

1. If the company bases its predetermined overhead rate on estimated machine-hours, then its predetermined overhead rate would have been?

2. If the company bases its predetermined overhead rate on estimated machine-hours, then its overhead for the year would have been?

3. If the company bases its predetermined overhead rate on machine-hours at capacity, then its predetermined overhead rate would have been?

4. If the company bases its predetermined overhead rate on machine-hours at capacity, then the cost of unused capacity reported on the income statement would have been?

Reference no: EM132846417

Questions Cloud

What is consolidated stockholders equity to be reported : What is consolidated stockholders' equity to be reported in the consolidated statement of financial position on December 31, 2014

How much was the inventory loss from the flood : The partially-damaged inventory left can be sold at 200,000 but cost to sell would be 20,000. How much was the inventory loss from the flood

What is the most the firm should be willing to pay : The efficiency gains resulting from a just-in-time inventory management system, What is the most the firm should be willing to pay for installing the system

Big data technologies and data visualisation : Big Data Analysis - Queensland Road Traffic crashes by Location data set from January 2001 through to December 2016

compute its predetermined overhead rate : If the company bases its predetermined overhead rate on estimated machine-hours, then its predetermined overhead rate would have been

Did liberation mean something different for cisgender gay : Did "Liberation" mean something different for cisgender gay, lesbian, and bisexual people and transgender members of the community?

Determine how long will it take to pay off a loan : Determine how long will it take to pay off a loan of ?$46,000 at an annual rate of 9 percent compounded monthly if you make monthly payments of ?$750?

How use of political violence after revolution compares with : Venustiano Carranza, Consider how the use of political violence (Osten) after the Revolution compares with that of other historical periods?

Calculate the ROI and residual income for each division : Calculate the ROI (return on investment) and residual income for each division of Beauty. Explain the advantages and disadvantages of each measure

User Account

All Pages