User Account

All Pages

Determine the factory overhead rate

Assignment Help Accounting Basics
Reference no: EM132706810

Problem - Service Cost Allocation - Randy Corp has three service departments and two producing departments. The following information are available for year 2030:

 

Cost

Services used by

Personnel

Maintenance

Security

Assembly

Finishing

Personnel

70,000

 

10%

30%

40%

20%

Maintenance

30,000

30%

 

10%

30%

30%

Security

10,000

5%

25%

 

50%

20%

Assembly

500,000

 

 

 

 

 

Finishing

200,000

 

 

 

 

 

The producing department uses direct labor hours with 20,000 for assembly and 30,000 for finishing in determining the factory overhead rate.

Required - Determine the factory overhead rate using

a. Direct method

b. Step method

Reference no: EM132706810

Questions Cloud

Prepare in good form an income statement : Prepare in good form an income statement/statement of comprehensive income (multiple step) and a statement of retained earnings for the year ended
Find and journalize the october transactions : Journalize the October transactions.(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Same focus by the intelligence community : Should all non-traditional threats receive the same focus by the intelligence community?
Make the adjusting entry for december to re?ect : In the supply storeroom. it was determined through a count that only 32.750 of supplies were remaining. Make the adjusting entry for December 31st to re?ect
Determine the factory overhead rate : The producing department uses direct labor hours with 20,000 for assembly and 30,000 for finishing in determining the factory overhead rate
Prepare a requirements elicitation plan : Prepare a Requirements Elicitation plan (use a template or prepare your own). Explain what you have included and why. Based on your industry knowledge.
What would be the market value of company of barclay corp : If Barclay current has $8 million total market value of debt financing, what would be the market value of the company of Barclay Corp in this country K?
Make a budget showing quantity of solvent to purchased : Make a budget showing the quantity of solvent Q80 to be purchased for July, August, and September, and for the quarter in total.
Explain the quantitative analysis of options : Using your selected BA plan template, detail the solution you have selected and the criteria and evaluation instruments used. This document is an interim step.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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