Determine the predetermined shop overhead rate

Assignment Help Accounting Basics
Reference no: EM131802807

Question - The Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows:

Engine Parts 650,750

Shop direct labor 520,625

Shop and repair equipment depreciation 12,800

Shop supervisor salaries 93,125

Shop property taxes 22,300

Shop Supplies 12,650

Advertising expense 18,100

Administrative office salaries 61,600

Administrative office depreciation sales 8,050

Total cost and expenses 1,400,000

The average shop direct labor rate is 17.00 per hour. Determine the predetermined shop overhead rate per direct labour hour.

Reference no: EM131802807

Questions Cloud

Prepare the july income statement for wrecker ronnie : Prepare the July income statement for Wrecker Ronnie. Assume that Wrecker Ronnie uses the perpetual inventory method
What is the optimal protection level for full priced iphone : Due to slumping sales, Apple has decided to turn to revenue management to boost profits with the presale of their next line in smartphones, the iPhone.
How to be an acceptable director : Unconstructiveness or not bringing confident thoughts. There must be confident thoughts and awareness and know-how to be an acceptable director.
Discuss the number of shares necessary : Explain the number of shares necessary and the condition required to hedge the position
Determine the predetermined shop overhead rate : The average shop direct labor rate is 17.00 per hour. Determine the predetermined shop overhead rate per direct labour hour
Replenishment cycles : Calculate the Economic Order Quantity (EOQ). Calculate the necessary safety stock to cover 98% of the replenishment cycles.
What is the planned value at the end of week three : This project has three completed activities whose durations are indicated by the blue bars in row 2. The budgeted cost of work scheduled for each task.
Company web site assist in its marketing efforts : How do the two sections of the company Web site assist in its marketing efforts?
What are the key aspects in managing advertising and sales : What are the key aspects in managing advertising, sales, promotion, events, and public relations? Which do you prioritize as the owner?

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd