Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Determine the overhead cost from the given data.
Erte, Inc., manufactures two models of high pressure steam valves, the XR7 model and the ZD5 model. Data regarding the two products follow:
Products
Direct labor-hours
Annual production
Total Direct labor-hours
XR7
0.2 DLHs per unit
20,000 units
4,000 DLHs
ZD5
0.4 DLHs per unit
40,000 units
16,000 DLHs
20,000 DLHs
Additional information about the company follows:
a. Product XR7 requires $35 in direct materials per unit, and product ZD5 requires $25. b. The direct labor rate is $20 per hour. c. The company has always used direct labor-hours as the base for applying manufacturing overhead cost to products. Manufacturing overhead totals $1,480,000 per year. d. Product XR7 is more complex to manufacture than product ZD5 and requires the use of a special milling machine. e. Because of the special work required in (d) above, the company is considering the use of activity-based costing to apply overhead cost to products. Three activity cost pools have been identified and the first-stage allocations have been completed. Data concerning these activity cost pools appear below:
Assume that the company decides to use activity-based costing to apply overhead cost to products.
Compute the activity rate for each activity cost pool. Also compute the amount of overhead cost that would be applied to each product.
A process began the month with 3,000 units in the beginning work in process inventory and ended the month with 2,000 units in the ending work in process. If 12,000 units were completed and transferred out of the process during the month, how many ..
Review the stockholders equity section in your chosen company's most recent year-end balance sheet and compare that with the figure of second company. Compare percentage increase or decrease. Compare percentage increase or decrease.
Prepare a common-size income statement and balance sheet for McDonough Products. The first column of each statement should present McDonough Products common-size statement, and the second column should show the industry averages.
Its owners' equity totaled $2,500,000. Based on these amounts, what is firm's return on owners' equity?
Calculate the average age of Lozier's inventory for 2010 and 2011 and compute depreciation expense for 2010 and 2011. Prepare a journal entry to record 2011 depreciation expense.
Compute the amount of goodwill recognized, if any, on May 1, 2011 and determine the impairment loss, if any, to be recorded on December 31, 2011.
computing ending inventory and cost of goods sold under fifo and lifo cost-flow assumptions.cost flow assumptions -
The other sheet shows known shrinkages identified during the period. This sheet shows $3,250.00. Neither of these sheets has been journalized. Identify the unknown, and previously unidentified shrinkage value.
If the company estimates that 8% of its outstanding receivables will be uncollectible, illustrate what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense?
What is amount of goodwill associated with the investment? For 2011, what is the total amount of excess amortization for Austin's 25% investment in Gainsville?
Selected balance sheet and income statement data for Green Tea, Inc., for the year ended December 31, 2011 are below. Illustrate what is the company’s times interest earned ratio?
Analyze the accounting for corporation requirements related to stock valuation, dividends, and retained earnings and determine how to value investments and how to report them based on that valuation.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd