User Account

All Pages

Determine the amount of underapplied or overapplied

Assignment Help Accounting Basics
Reference no: EM131018103

Osborn Manufacturing uses a predetermined overhead rate of $19.50 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $259,350 of total manufacturing overhead for an estimated activity level of 13,300 direct labor-hours.

The company incurred actual total manufacturing overhead costs of $253,000 and 12,800 total direct labor-hours during the period.

Required:

1. Determine the amount of underapplied or overapplied manufacturing overhead for the period.
Manufacturing overhead overapplied/underapplied (choose one) by ________.

2. Assuming that the entire amount of the underapplied or overapplied overhead is closed out to cost of goods sold, what would be the effect of the underapplied or overapplied overhead on the company's gross margin for the period?
The gross margin would decrease/increase (choose one) by ________. 

Reference no: EM131018103

Questions Cloud

What value of gm is realized : An NMO Stransistor operated with an overdrive voltage of 0.25 V is required to have a gm equal to that of an npn transistor operated at IC = 0.1 mA. What must ID be? What value of gm is realized?
Highest instantaneous voltage : Sketch the circuit for a current-source-loaded CS amplifier that uses a PMOS transistor for the amplifying device. Assume the availability of a single +1.8-V dc supply. If the transistor is operated with /VO// = 0.2 V, what is the highest instanta..
Identify and discuss an area of needed advocacy : Can you address what advocacy and social justice mean to an professional counselor. Include information to support your position. Identify and discuss an area of needed advocacy, based on your experience.
Define consonant and dissonant cognitions : Briefly summarize both arguments. Refer to the theories/concepts by their names, not by the meaningless terms "yes" and "no," "pro" and "con," or "Issue 5," etc. Define consonant and dissonant cognitions.
Determine the amount of underapplied or overapplied : Determine the amount of underapplied or overapplied manufacturing overhead for the period.
Problem regarding the output resistance : If the input bias current is 200 μA, find W1, W2, and L to obtain a short-circuit current gain of 4, an input resistance of 500 Ω, and an output resistance of 20 kΩ
What is your vision for america : List the problems that are causing Teens to want to commit search a horrible act. What are somethings as a society we can do to change Teens mind?
Possible input-diode combination : Repeat with two of the transistors diode connected and the third used to provide current output. For each possible input-diode combination, give the values of the output currents and of the VSG that results.
Encourage and support the implementation of innovations : Identify some of the significant challenges you believe you might face when it comes to suggesting and seeing innovations through in the organizations in which you are or may be involved?

Reviews

Write a Review

Accounting Basics Questions & Answers

  On january 1 2011 lloyd company purchased equipment with a

on january 1 2011 lloyd company purchased equipment with a list price of 12600 with a 2 cash discount. a total of 1000

  Cib inc produces a product requiring 4 pounds of material

cib inc. produces a product requiring 4 pounds of material costing 2.50 per pound. during december cib purchased 4200

  Address culture and gender

Cathy Song's "Picture Bride" and Sandra Cisnero's "Woman Hollering Creek" both address culture and gender. Choose one of the works and discuss what you consider to be the dominant idea? Why? Your response should be at least 200 words.

  How firms estimate their cost of capital the wacc for a

how firms estimate their cost of capital the wacc for a firm is 13.00 percent. you know that the firms cost of debt

  Role of production manager

What impact will increasing the percentage of completion have on Terra Firma's financial statements? Use numbers to back up your answer.

  Net income and net cash flow from operating activities

If you purchased $6000 of inventory for cash; later in the same year one-half of the inventory was sold for $4000 on account. What would the amount of net income and net cash flow from operating activities.

  How many shares of common stock are outstanding use the

youve made it corporation presents the following partial balance sheet as of december 31 2015stockholders

  The relationship among the board of directors top

the relationship among the board of directors top management and shareholders is referred to as a. corporate synergy b.

  Cost of goods manufactured statement

Denny Corporation, a manufacturing company, produces a single product.  The following information has been taken from the company's production, sales, and cost records for the year just completed:

  Models of tasers

Cawley Company makes three models of tasers. Information on the three products is given below. Tingler Shocker Stunner Sales $296,940 $500,220 $204,650 Variable expenses 147,930 194,310 138,090 Contribution margin

  Calculate total contribution of the most profitable product

scarce resources long beach currently manufactures 3 products with information as followsa b cselling price 56 25

  Net cash provided by jamison operating activities was

Net cash provided by jamison operating activities was?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd