User Account

All Pages

Compute predetermined overhead rate using estimated grooming

Assignment Help Managerial Accounting
Reference no: EM132984367

Sofía Gomez runs a mobile pet grooming service. She charges $31 direct labor per grooming hour. She applies overhead to jobs on the basis of grooming hours. She predicts 810 grooming hours for the year. Her estimated overhead costs for the year follow.

Van depreciation$ 6,370

Van insurance expense$ 1,010

Tool depreciation$ 360

Van maintenance1,220

Indirect materials610

Other overhead960

Problem 1. Compute the predetermined overhead rate using estimated grooming hours.

Problem 2. Sofía has been asked to groom 3 large dogs. She expects this job to require a total of 15 direct labor grooming hours. Compute her total cost (direct labor plus applied overhead) for this job.

Problem 3. If Sofía targets a markup of 20% on the total cost for each job, what price should she quote for the job?

 

 

Reference no: EM132984367

Questions Cloud

Environment inhibit learning and transfer of training : How can the work environment inhibit learning and transfer of training? Explain.
Determine whether overhead is over- or underapplied : Determine whether overhead is over- or underapplied (and the amount) for the year. Mirmax set its predetermined overhead rate for movies produced
Discuss the human resource practices in contemporary work : Discuss the Human Resource practices in contemporary work situations in this organization and what are your evaluations? Based on your analysis and evaluations,
Groups covered by the american with disabilities act : Identify 4-5 groups covered by the American with Disabilities Act.
Compute predetermined overhead rate using estimated grooming : Sofía has been asked to groom 3 large dogs. She expects this job to require a total of 15 direct labor grooming hours. Compute her total cost.
Describe constraints parameters for compensation strategy : When you are formulating a compensation strategy for your client organization, describe the four key constraints that set the parameters for the compensation st
Determine how current place of work could benefit : Determine how your current (or future) place of work could benefit from a diverse workforce.
How are the effects of these transactions reported : How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash
Analyse the starting situation of the online marketing : The new Social Media Manager, Marc Blumer, is considered to be the best in the world in his field and has won several awards as best international publicist. Ho

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Make a cost of production report for may

Make a cost of production report for May, using the Weighted average method. Assume that direct materials are placed in process during production.

  Decentralization and why firms choose to decentralize

Explain decentralization and why firms choose to decentralize.

  What is ABC Company change in profits

Direct materials $0.25; Direct labor $0.40; Variable overhead $0.15; Fixed overhead $0.20; What is ABC Company change in profits

  Prepare a more appropriate forecast of before tax

Prepare a more appropriate forecast of before tax profit related to the Indianapolis Craft Expo.

  Find what amount of bond interest expense to be recognized

If the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2020's adjusting entry is

  Calculate compufurn overapplied or underapplied overhead

Actual manufacturing overhead incurred in December amounted to $252 000. Calculate CompuFurn's overapplied or underapplied overhead for the year.

  What is the difference between variable costs

What is the difference between variable costs and fixed costs in accounting?

  Assume the role of nadine and explain why cash flow

Assume the role of Nadine and explain why cash flow is not likely to be a problem.

  When absorption net operating income require reconciliation

Determine When does absorption costing net operating income and variable costing net operating income require reconciliation? Explain different situations

  Prepare a schedule that shows the operating cash flows

Prepare a schedule that shows the operating cash flows for the year using the indirect method.

  What amount should norfolk debit to the inventory account

The retailer receives a 37% trade discount and credit terms of 2/10, n/30. What amount should Norfolk debit to the Inventory account?

  What will be the average cost

The average costs to bake the croissants are $0.45 for 2,100 and $0.40 for 4,200. What will be the average cost

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