Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased).
Its predetermined overhead rate was based on a cost formula that estimated $111,800 of manufacturing overhead for an estimated allocation base of $86,000 direct material dollars to be used in production. The company has provided the following data for the just completed year.
Purchase of raw materials
$134,000
Direct labor cost
$ 82,000
Manufacturing overhead costs:
Indirect labor
$108,100
Property taxes
$ 8,800
Depreciation of equipment
S 18,000
Maintenance
$ 13,000
Insurance
$ 10,300
Rent, building
$ 38,000
Beginning Ending S 25,000 S 11,000 $ 45,000 $ 40,000 $ 69,000 S 59,000
Raw Materials Work in Process Finished Goods
Required:
a. Compute the predetermined overhead rate for the year.
b. Compute the amount of underapplied or overapplied overhead for the year.
Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials.
Compute the unadjusted cost of goods sold for the year. (Do not include any underapplied or overapplied overhead in your cost of goods sold figure.)
How much value will this investment create for the firm and at what discount rate will this project break even?
qa company using activity based pricing marks up the direct cost of goods by 30 plus charges customers for indirect
question dasher company acquired a truck for use in its business for 25500 in a cash transaction. the truck is expected
If the hourly rate is in violation of the FLSA, what is the amount The Boot Shop should pay Cross for the week? When computing the per hour rate, use the government's rounding rule in your calculation.
Find what total overhead costs would you expect the company to incur at an operating level of 66,330 machine-hours?
Scora, Inc., is preparing its master budget for the quarter ending March 31.
George manufactures a product which uses two types of material, A and B. Evaluate whether George should accept the new order.
Prepare the statement of financial position and statement of changes in equity to comply with AASB 101. Include Notes to the accounts for the above financial
Discuss whether or not these additional disclosures will both have a positive impact on public confidence and influence investors' behavior. Support your position.
Elements of critical thinking described on the inside front cover, comment - depreciation is calculated using straight-line; useful life 20 years; residual value $250,000
What amount of net accounts receivable would Blossom report on its November 30, 2012 balance sheet under each of the two methods? Which amount is more realistic? Give your reason.
Evaluate Patterson's contribution margin per unit and contribution margin ratio Evaluate the number of units Patterson must sell to break even
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd