Solution-Compute the variable rate for overhead per labour

Compute the variable rate for overhead per labour hour

Assignment Help Managerial Accounting

Reference no: EM133115953

Question - Inc. recorded the following data for operations during six months of the fiscal year:

	Overhead Cost	Labour hours
January	$601,600	34,680
February	565,000	24,960
March	589,000	27,560
April	635,000	38,960
May	593,250	29,200
June	624,000	36,040

Required -

1. Using the high-low method, compute the variable rate for overhead per labour hour.

2. Using the high-low method, compute the fixed cost.

3. What is the cost formula?

4. Using the cost formula from (C), estimate the overhead cost for 42,800 labour hours.

Reference no: EM133115953

Questions Cloud

Financial market performance-future outlook : Analyze the present and historical performance of your country's financial markets -- both equity and debt markets (if relevant). While considering its performa

Employment law and elements of criminal law : Your discussion should involve elements of employment law and elements of criminal law.

Learn how to manage wealth : 1) You have to describe how you'd get information to learn how to manage wealth. Would you go out and meet and talk to wealthy people to learn how they manage w

Calculate stock expected rate of return : The following table shows betas for several companies. Calculate each stock's expected rate of return using the CAPM. Assume the risk-free rate of interest is 8

Compute the variable rate for overhead per labour hour : Inc. recorded the following data for operations during six months of the fiscal year: Compute the variable rate for overhead per labour hour

Importance of component of the dupont identity : Explain the importance of each component of the DuPont Identity (return on equity, profit margin, total asset turnover, equity multiplier). A complete answer sh

Economic plans and political statements : Many international organisations consider Malaysia as a country in the middle income trap. On the other hand, economic plans and political statements state that

Correlation between investment education and returns : Would you say there is a positive correlation between investment education and returns?

How much will kathleen receive from cp starting : If Kathleen is entitled to receive a maximum monthly CPP benefit of $1,161.25 in 2022 at age 65, how much will Kathleen receive from CP starting in 2026

User Account

All Pages

Compute the variable rate for overhead per labour hour

Reference no: EM133115953

Reference no: EM133115953

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

How to determine a transfer price using the general rule

Inc as discussed in the chapter opener uses a costing

What is the profit under variable costing

Antonius ltd is considering raising equity capital as they

How much better is the second contract

Prepare a cash budget in good form for june

Return on investment for henry division

How to calculate the individual after-tax cash flow effect

Evaluate what the direct materials quantity variance is

Determine and identify two specific australian companies

Find the cash received from the sale of the equipment

How much is the effect on the company total net operating

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT