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 pre determined overhead rate 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 continues to use direct labor-hours as the bas for applying overhead cost to products.
Compute the predetermined overhead rate.
What is materiality? Why might the inventory loss concern management more than it does the auditors? Do you think the amount of inventory loss is material?
Explain how would you design the procedures to prevent the keying error in regards to payroll procedures and is there a way to automate this process?
Determine the cost transferred to finished goods. Find out the amount of cost that should be assigned to the ending work in process inventory
Jackie Chin Waste Management has a subsidiary that disposes of hazardous waste and a subsidiary that collects and disposes of residential garbage
the board of directors declared cash dividends totaling 242000 during the current year. the comparative
Explain the nature of the relationship between Szekelyi and Reznor. Did a privity relationship exist between these two? Why or why not?
question consider that kent manufacturing has two categories of overhead quality inspection and material handling. the
eps simple capital structureon 1st january 2012 bailey industries had stock outstanding as follows.6 cumulative
How much external financing will the firm have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing.
Describe GASB requirements for accounting for Investment Trust Funds, A discussion of when the use of investment trust funds is appropriate.
What risk calculation technique is illustrated by your example? Would you have employed a different risk assessment technique than used in your example, and why?
Classic Corporation borrowed $90,000 from the bank on November 1, 2012. The note had an 8 percent annual rate of interest and matured on April 30, 2013. Interest and principal were paid in cash on the maturity date. Illustrate what amount of inter..
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