Determine the amount of factory overhead

Assignment Help Accounting Basics
Reference no: EM132482785

Question - During March 2019, Annapolis Corporation recorded $40,000 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 $42,100 would be incurred, and 5,500 direct labor hours would be worked. During March, 5,750 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied.

Reference no: EM132482785

Questions Cloud

Determine the total cost that should have been recorded : On May 21, 2019, Christine worked 5.5 hours on Job A-1, determine the total cost that should have been recorded in the Work in Process for Job A-1
What difficulties could you face as a new student : What difficulties could you face as a new student that you are unsure of how to address, and what are you most nervous or uncertain about as a new student?
Determine what should do when making the balance sheet : If the salary is paid to a shareholder-empolyee, Determine what should do when making the balance sheet and income statement? and provide the example.
Official definitions of money : Refer to the information above to answer this question. Most of the following items are included in the official definitions of money. Which is/are the exceptio
Determine the amount of factory overhead : During March, 5,750 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied
Current high federal government budget deficits : What are the short- and long-term economic benefits and costs associated with our current high federal government budget deficits?
ASB 4426 Contemporary Issues in Management Assignment : ASB 4426 Contemporary Issues in Management Assignment help and solution, Bangor University - assessment writing service - critical reflection on personal
Determine the amount of factory overhead : During the month of February 2019, actual direct labor hours of 8,900 were incurred. Use this information to determine the amount of factory overhead
How does this affect geoff incentive to borrow : If they expect inflation to be 6 percent? What if the expected inflation was 8 percent? How does this affect Geoff's incentive to borrow?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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