Compute the total machine hours used in the production

Assignment Help Cost Accounting
Reference no: EM132806294

Question - SJ Company produces jobs to customer specifications. Data for Job # 143 is as follows: Direct materials used was 120,000.00 ; Direct labor hours worked 25,000.00 ; Budgeted Overhead cost 300,000.00 ; Budgeted Direct labor hours 10,000 ; Budgeted Direct machine hours 6,000 ; Machine hours used ??? ; Direct labor rate per hour PHP 5/hr ; Cost of goods available for sale of 550,000.00; Beginning balance of FG Inventory of 120,000.00 ; Cost of goods sold of 500,000.00; Factory Overhead control account of 180,000.00 . Job # 143 was completed at the end of the year. Overhead is applied based on machine hours Compute the total machine hours used in the production.

Reference no: EM132806294

Questions Cloud

Why is it important to have a risk management plan : Why is it important to have a Risk Management Plan? What is included in the Risk Management Plan? Provide an outline of topics for a risk management plan
Calculate the expected rate of return : Calculate the expected rate of return and standard deviation of return to AAA company shareholders
How much is the gain on reclassification to be recognized : Assume instead that the bonds are reclassified to FVTOCI, how much is the gain (or loss) on reclassification to be recognized in the profit or loss on January
Difference between a nursing and medical practice problem : Describe the difference between a nursing practice problem and a medical practice problem. Provide one example of each. Discuss why is it important to ensure.
Compute the total machine hours used in the production : Overhead is applied based on machine hours Compute the total machine hours used in the production
Examine a problem you have seen in nursing : Nursing research is used to study a dilemma or a problem in nursing. Examine a problem you have seen in nursing. Provide an overview of the problem and discuss.
Solve the depreciation expense if pronghorn prepares : Pronghorn Corp. purchased a machine on July 1, 2020, Solve the 2020 depreciation expense if Pronghorn prepares financial statements in accordance with ASPE.
Calculate karen realized and recognized gain or loss : At the same time, Karen sends Elbert a "Dear John" e-mail. (1) Calculate Karen's realized and recognized gain or loss, and (2) explain you answer
Should the care team have discharged the patient : What were the physician's orders during the transfer from the hospital to the nursing care facility? Should the care team have discharged this patient to this.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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