Determine the pinacle plantwide factory overhead rate

Assignment Help Managerial Accounting
Reference no: EM132833700

Question - Pinacle Corp. budgeted $271,750 of overhead cost for the current year. Actual overhead costs for the year were $214,180. Pinacle's plantwide allocation base, machine hours, was budgeted at 54,260 hours. Actual machine hours were 43,950. A total of 104,620 units was budgeted to be produced and 98,000 units were actually produced. Determine the Pinacle's plantwide factory overhead rate for the current year?

Reference no: EM132833700

Questions Cloud

How will the partnership depreciate the equipment in year : How will the partnership depreciate the equipment in the year of contribution? What is the basis of the equipment in the hands of the partnership?
Prepare the summary journal entry : Prepare the summary journal entry (or entries) to record the shipment of the six mixers (four from the 2020 sales and two from the 2021 sales)
Examples current events in the world : What are examples current events in the world that revolve around the category of Planning, Controlling and Organizing?
Do think a partnership that is teo family members : Do you think a partnership that is 2 family members or 2 friends more likely to survive than a partnership with 2 strangers that came together?
Determine the pinacle plantwide factory overhead rate : Pinacle Corp. budgeted $271,750 of overhead cost for the current year. Determine the Pinacle plantwide factory overhead rate
Identify the it general control risks evident from the case : Identify the IT general control risks evident from the case. For each risk identified, identifiy possible controls to mitigate those risks and explain.
What type of sampling method will you use : You will survey 50 people through any method you choose to find out information on your topic. You will then calculate the statistics for your data. It is impor
Record one journal entry to account for the payment : Record one journal entry to account for the payment of federal taxes. All tax payments are made in a timely manner on the payment due date
Does maria have contract of service or contract for service : Does Maria have a contract of service or a contract for service with Morneau Insurance Company. As the company's Payroll Manager

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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