Solution-Compute the total fixed overhead cost

Compute the total fixed overhead cost

Assignment Help Financial Accounting

Reference no: EM13519136

Pierce Company uses a standard cost system in which it applies manufacturing overhead to its product on the basis of standard direct labor-hours (DLHs). Below is the standard cost card for the product:

Direct materials, 4.5 feet at $3.80 per foot	$17.10
Direct labor, 3.0 DLHs at $9.50 per DLH	28.50
Variable overhead, 3.0 DLHs at $2.00 per DLH	6.00
Fixed overhead, 3.0 DLHs at $8.00 per DLH	24.00
	$75.60

Last year, the company produced 6,000 units of product using 17,000 direct labor hours. The actual total fixed overhead cost for the year was $140,000 and the volume variance was $12,000, favorable.

Required:

a. Compute the total fixed overhead cost that was originally budgeted.

b. Compute the denominator activity figure that the company used in computing predetermined overhead rates.

Reference no: EM13519136

Questions Cloud

State the heat of vaporization : What is delta U when 1.00 mol of liquid water vaporizes at 100 degrees C? The heat of vaporization is 40.66kJ/mol at 100 degrees C.

Explanation be explanatory-deep-powerful-falsifiable : Specify which of a good explanation it violates. The standard requires that a good explanation be explanatory, deep, powerful, falsifiable, modest, simple, and conservative. A single explanation might violate more than one standard.

Find the longest wavelength photon emitted in pfund series : The Pfund series results from emission/absorption of photons due to transitions of electrons in a hydrogen to/from the n = 5 energy level from/to higher energy levels

The cost of equity for a small investor owned business : How would you estimate the cost of equity for a small investor- owned business?

Compute the total fixed overhead cost : Compute the total fixed overhead cost that was originally budgeted and compute the denominator activity figure that the company used in computing predetermined overhead rates.

Explain what are the spectator ions in the solution : Three solutions are mixed together to form a single solution. one contains 0.2 mol pb(CH3COO)2, the second contain 0.1mol Na2S and the third contains 0.1mol CaCl2. A. write the net ionic equations for the precipitation reaction or reactions that o..

How do you compute the change in the price of a five-year : How do you compute the change in the price of a five-year (until maturity) $1,000 face value zero-coupon bond that currently yields 7% when expected inflation increases from 3% to 4%?

Define freezing-point depression of the solution : The fact that boiling point of a pure solvent is lower than the boiling point of a solution of the same solvent is a direct consequence of the. freezing-point depression of the solution.

What is the maximum lease payment : What is the maximum lease payment that you would be willing to make?

User Account

All Pages

Compute the total fixed overhead cost

Reference no: EM13519136

Reference no: EM13519136

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT