Solution-Compute the manufacturing overhead rate

Compute the manufacturing overhead rate

Assignment Help Cost Accounting

Reference no: EM13335156

Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $337,770 for the year, and machine usage is estimated at 125,100 hours.

For the year, $357,866 of overhead costs are incurred and 130,900 hours are used.

Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.)

Manufacturing overhead rate: $2.70 per machine hour

What is the amount of under- or overapplied overhead at December 31?

Reference no: EM13335156

Questions Cloud

What is the elasticity of demand is it elastic or inelastic : What is the Elasticity of Demand? Is it elastic or inelastic?

Determine the original speed of the mess kit : A 4.0 kg mess kit sliding on a frictionless surface explodes into two 2.0 kg parts, What is the original speed of the mess kit

Compute the olds net tax payable or refund due for 2012 : Alfred was divorced from Sarah Old in March 2010. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first.

Should the government raise or lower interest rates : If the economy in a period of growth and is experiencing unwanted inflation, should the government raise or lower interest rates? Why?

Compute the manufacturing overhead rate : What is the amount of under- or overapplied overhead at December 31 and compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.)

The existence of more lines of authority : The existence of more lines of authority and many levels of management, inhibit not only in the decision making or communication but also the innovation. This situation is a common phenomenon faced by any large organizations across the globe. Propose..

Explain why the answers to parts a and b are the same : Disney enterprises issued 7.55% senior debentures (bonds) on July 15, 1993, with a 100-year maturity (ie due on July 15, 2093). Suppose an investor purchased one of these bonds on July 15, 2003 for $1,050.

Someone who lives in an apt. buys a wayne newton cd and then : Someone who lives in an apt. buys a Wayne Newton CD and then blasts it at full volume at 3am.

Why would someone pay for the bonds of a bankrupt firm : One issue of these bonds, the 8 1/4 percent coupon bonds due in 1996, was selling at 109% of par value, or for approximately $1,090. Why would someone pay $1,090 for the bonds of a bankrupt firm?

User Account

All Pages

Compute the manufacturing overhead rate

Reference no: EM13335156

Reference no: EM13335156

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT