Compute the budgeted and actual cost rate

Assignment Help Managerial Accounting
Reference no: EM133056268

Question - Anderson Construction assembles residential homes. In December 2018., Anderson budgets 2019 assembly support costs to be $7,200,000 and 2019 direct labor hours to be 150,000. The 2019 actual assembly support costs were $7,084,000, while the actual direct labour hours were 161,000. Compute the (a) budgeted and (b) actual cost rate.

Reference no: EM133056268

Questions Cloud

Describe five different leadership functions : Given the fundamental value placed on leading with purpose, briefly c/situations (e.g., evaluating the school budget, student discipline, teacher observation/ev
Compute the net advantage to leasing : In the question below, the firm is purchasing a cash register system for $1,079,861.
Representatives from nonprofit organizations : As office manager for the Vancouver Humane Society (www.vancouverhumanesociety.bc.ca), an organization that rescues and finds homes for abandoned and abused ani
Making foreign goods cheaper in country : (a) Is the following statement true or false? (Please just state "True" or "False" without providing explanations.) "Policymakers may not want to see their coun
Compute the budgeted and actual cost rate : The 2019 actual assembly support costs were $7,084,000, while the actual direct labour hours were 161,000. Compute the (a) budgeted and (b) actual cost rate
What amount does the firm need to deposit today : Kelowna Inc. reports a $67,500 liability to be paid four years from today. What amount does the firm need to deposit today
What is the size of the quarterly payment : A credit union entered a lease contract valued at $5100. The contract provides for payments at the end of each quarter for 3 years. If interest is 4.6% compound
Current asset value of the company : A company must raise new capital externally to invest in a new project. The investment cost of the project is € 100 and the project generates a certain cash flo
Prepare journal entry to record the sale of the receivables : Beginning-of-the-year Accounts Receivable balance was $ 23,200. Prepare the journal entry to record the sale of the receivables

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Is a reasonable attitude and explain why

Is this a reasonable attitude? Explain why. Ali and Johan are best friends who used their savings and all the monetary gifts they received.

  Post the journal entries in t-accounts for raw materials

Post the journal entries in t-accounts for Raw Materials, Work in Process, Finished Goods, Manufacturing Overhead & Cost of Goods Sold

  Calculate the value of chicken left in inventory

Calculate the value of 30# of chicken left in inventory on Sunday afternoon for the FIFO, LIFO, Weighted Average, and Most Recent Price methods

  Show the journal entry needed to record the debts

Show the journal entry needed to record theses debts as bad on 6 March 2000. Show the relevant journal entries to be made on 31 December 2000

  What is the contribution margin

What is the contribution margin? What is his breakeven point given that he wants to cover all of his costs?

  Explain types of leverage

explain and comment on either one of these, and specifically keep in mind that operating leverage relates to variable costs and fixed costs in an organization

  Determine how much interest expense abc should report

Determine how much Interest Expense ABC should report on their Income Statement for the month-ended November 30, 2020

  Find and make any necessary adjusting entries

Find and Make any necessary adjusting entries. The lease runs for 6 years with an implicit interest rate of 5%. At the end of the 6 years, Peyton will own them.

  What is the company net income using the Variable Costing

Variable selling and administrative costs $22 per bike and Selling price $200 per bike. What is the company's net income using the Variable Costing method

  What is balance in finished goods inventory account

Gest Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $54,000 and at the end of the month was $40,400.

  What is the amount of cash horton received from customers

What is the amount of cash Horton received from customers during the reporting period if its sales were $33 million?

  Calculate the cost of capital for bhorat

The corporate tax rate applicable is expected to be 35 percent. Based on these data, calculate the cost of capital for Bhorat

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