Ddetermine amount of factory overhead that was over applied

Assignment Help Managerial Accounting
Reference no: EM132693251

Problem 1: During March 2019, Annapolis Corporation recorded $40,200 of costs related to factory overhead. Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $41,900 would be incurred, and 6,000 direct labor hours would be worked. During March, 6,250 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied

Reference no: EM132693251

Questions Cloud

Reflect on the personal knowledge and skills : In each week's entry, students should reflect on the personal knowledge and skills gained throughout the course. Journal entries should address one or more.
Calculate the unlevered cost of capital for abc corp : Assuming perfect markets, calculate the unlevered cost of capital for ABC Corp.
Estimate for the cost of equity of the illinois-pacific rail : You also know that the risk-free rate is 2% and the market risk premium in 5%. What is the best estimate for the cost of equity of the Illinois-Pacific Railroad
What past hardship or loss has the client negotiated : What past hardship or loss has the client successfully negotiated in the past? Engage them in identifying what is healthy versus non-healthy coping skills.
Ddetermine amount of factory overhead that was over applied : During March, 6,250 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied
Calculate the wacc for xyz inc : Calculate the WACC for XYZ Inc. Express your answer in percent and round to two decimals (do not include the %-symbol in your answer).
What will be the average cost to bake : If the total cost function for croissants is linear, what will be the average cost to bake 4,600? (Do not round intermediate calculations.)
What are legally required benefits : What are legally required benefits and why are they required by law? Can any of these benefits be waived?
Journalize the adjusting entry for each accrued expenses : Journalize the adjusting entry for each of the following accrued expenses at the end of the current year: Product warranty cost, $23,000

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How to determine for march equivalent units of production

Determine for March 2019 the equivalent units of production for conversion costs. (Round & enter final answers to the nearest whole dollar for total dollar ans)

  Construct a balance sheet at the start of the year

Construct a Balance Sheet at the start of the year. The assets for the farm at the start of the year include depreciable assets of K 1,440,000.00

  Compute the standard material cost of container

Determine the standard material cost of a 10-litre container of the new product. Determining standard material cost; manufacture.

  What is the direct product cost per cake using gaap

Assume that the manufacturing overhead charged to cake is $80,000. What is the direct product cost per cake using GAAP accounting rules?

  Journalize the transactions of schrager company

Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,200, Work in Process-Cutting $2,900

  Reflect on whether or not budgets were effectively applied

Budgets play a critical role in management activities such as planning, controlling and motivating employees. Reflect on whether or not the budgets were effectively applied and whether your experience was positive or negative.

  What manufacturing overhead costs are also known as

What Manufacturing overhead costs are also known as? Which of the following characteristic do activity Based Costing include?

  What is profit margin-brighton company

Brighton Company has income from operations of $36,000, invested assets of $180,000, and sales of $720,000.

  Enter the transactions in sale book of ms banarsi electronic

Enter the transactions in sales book of M/s.Banarsi electronics. September 01: Sold to Ajay Traders as per bill no.4321.20 Radio @ Rs. 70 per Radio

  Discuss the implication of the weakness identified

Identify the weakness in internal control. Discuss the implication of the weakness identified.Make a recommendation to address the weakness

  Prepare report for nagasai that addresses all the issues

ACCT 2002 Management Accounting CASE REPORT. Prepare a report (no more than 10-pages) for Nagasai Motoko that addresses all the issues in the above exchanges

  How does understanding cost behavior

How does understanding cost behavior and using cost-volume-profit enable organizations to make better decisions? Explain in detail.

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