Determine the budgeted indirect cost rate

Assignment Help Cost Accounting
Reference no: EM132869108

Question - From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a normal costing system. Actual results for the year were the following:

Total direct labor hours 6,000

Total indirect labor hours 1,300

Direct costs $35,000

Total indirect labor related costs $60,000

Total indirect nonlabor related costs $75,000

Required - Determine the budgeted indirect cost rate?

Reference no: EM132869108

Questions Cloud

Discuss the concepts of corporate social responsibility : Discuss the concepts of corporate social responsibility and environmental sustainability and how companies balance these duties with economic responsibilities t
Patient protection and affordable care act : The 2010 Patient Protection and Affordable Care Act (ACA) was implemented primarily to provide access to health insurance
Define the term representative : A salesperson is also called a sales representative. Define the term "representative." Whom does the salesperson represent? Why is it important to recognize the
Complete the process design matrix : Write an executive summary identifying appropriate design approaches for a selected product and service.
Determine the budgeted indirect cost rate : From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a normal costing system
What amount should ruiz record on march : The bonds without the warrants would normally sell at 95. What amount should Ruiz record on March 1, 2021 as paid-in capital from stock warrants
Budgets-techniques in order to provide overall understanding : Explain to the department staff the different types of budgets and techniques in order to provide an overall understanding.
Search the internet for an example of a social media : Everyone makes mistakes. Some are more costly than others. By cost, a negative or inappropriate post can cost someone his or her job.
Calculate the eps at the end of the accounting year : Calculate the EPS at the end of the accounting year. The company had 100,000 shares of common stock issued and outstanding as on that date

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