Solution-Determine the cause of the overtime is peak

Determine the cause of the overtime is peak production

Assignment Help Managerial Accounting

Reference no: EM132471802

Greg Powers is employed by Gussie Company, where he assembles a component part for one of the company's products. Greg is paid $20 per hour for regular time, and he is paid time and a half (i.e., $30 per hour) for all work in excess of 40 hours per week.

Question 1. Assume that during a given week Greg is idle for four hours due to machine breakdowns and that he is idle for three more hours due to material shortages. No overtime is recorded for the week. Allocate Greg's wages for the week between direct labour cost and manufacturing overhead cost.

know direct labor is 660

Manufacturing overhead is 140

Total is 800

Question 2. Assume that during a following week Greg works a total of 48 hours. He has no idle time for the week. Allocate Greg's wages for the week between direct labour cost and manufacturing overhead cost. The cause of the overtime is peak production.

Is there manufacturing overhead here?

Reference no: EM132471802

Questions Cloud

Write down a utility function that can represent paul : Consider the following preference: Paul likes both pasta and sandwiches. He thinks that two plates of pasta are always as good as three sandwiches

Journalize the entry to record the flow of labor costs : Journalize the entry to record the flow of labor costs into production during August. During August, Darling Company accumulated 740 hours of direct labor

Compute Jean education tax credit : Education tax credit and firm 8863 in 2019. Compute Jeans education tax credit if her AGI is $32,800. How much of her credit is refundable versus non-refundable

Which is a close approximation of the original : In South Korea over the past several years, the real GDP, Y, of has been growing by 3 percent per year and the price level, P, also by 3 percent

Determine the cause of the overtime is peak production : Allocate Greg's wages for the week between direct labour cost and manufacturing overhead cost. The cause of the overtime is peak production.

What factors other than changes in utility : What factors other than changes in utility would be considered most important in making a normative judgment about whether income should be redistributed?

What is the estimated total audited value : The book value in the population is $198,000. What is the estimated total audited value of the population using the difference method

Determine the cost of flash drives : Determine the cost of flash drives. Specify whether each of the above accounts would appear on the balance sheet or on the income statement at May 31

What factors other than changes in utility : What factors other than changes in utility would be considered most important in making a normative judgment about whether income should be redistributed?

User Account

All Pages

Determine the cause of the overtime is peak production

Reference no: EM132471802

Reference no: EM132471802

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT