Compute the GHI sales for the year

Assignment Help Managerial Accounting

Reference no: EM132745648

Question - Overhead is applied to jobs at a rate of $0.50 per direct labour dollar spent. During the year, Job 1 was completed, while Job 2 was completed and sold. Job 3 is still process at the end of the year. Actual manufacturing overhead costs incurred amounted to $300,000. GHI employees worked a total of 55,000 hours during the year. GHI's policy is to charge customers a 60% mark-up on cost. Compute the GHI's sales for the year?

Reference no: EM132745648

Questions Cloud

What can be done to complete the recording of transaction : An accountant has debited an asset account for $1060 and credited a liability account for $530. What can be done to complete the recording of the transaction

Improve current communication skills : Analyze how you can improve your current communication skills to prepare you for advancement in your profession.

What would the cost per equivalent unit for conversion costs : A total of $246,400 in conversion costs were incurred in the department during the month. What would the cost per equivalent unit for conversion costs

Strategic value of personnel training and development : Discuss the strategic value of personnel training and development. What are the implications for the MNC?

Compute the GHI sales for the year : Overhead is applied to jobs at rate of $0.50 per direct labour dollar spent. GHI's policy is to charge customers a 60% mark-up on cost. Compute the GHI's sales

Organization website review : Explain your initial impression of the organization based upon your initial review of their corporate website.

Draw the entry for the current tax expense : Draw the entry for the current tax expense if the tax loss for 2018 was $600,000 and that the recognition criteria was satisfied in 2018

Discuss security system-vulnerabilities-threats : Determine its mission, vision, and goals. Discuss its IT architecture. Discuss its security system-vulnerabilities, threats, etc.

Record the necessary revenue related journal entries : Based on your knowledge of revenue recognition, record the necessary revenue related journal entries that Westinghouse would make for the sale to George.

User Account

All Pages