Determine the single plantwide factory overhead rate

Assignment Help Managerial Accounting
Reference no: EM132760727

Problem - Single plantwide factory overhead rate - The total factory overhead for Diva-nation Inc. is budgeted for the year at $180,000. Diva-nation manufactures two types of men's pants: jeans and khakis. The jeans and khakis each require 0.10 direct labor hour for manufacture. Each product is budgeted for 20,000 units of production for the year.

Required -

a. Determine the total number of budgeted direct labor hours for the year.

b. Determine the single plantwide factory overhead rate.

c. Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate.

Reference no: EM132760727

Questions Cloud

Create employment ad describing the positions available : As a Supervisor Security Manager you are responsible for recruiting, interviewing, and selecting your security staff.
Determine factory overhead allocated per unit : Multiple production department factory overhead rates - Determine the factory overhead allocated per unit for each product
Low morale and high turnover : As the Security Manager, your staff has had issues with low morale and high turnover. How would you resolve the serious personnel issues?
How did those changes affect disney performance : Did Disney make any changes to its international strategy in 2011-2015? If so, how did those changes affect Disney's performance?
Determine the single plantwide factory overhead rate : The total factory overhead for Diva-nation Inc. is budgeted for the year at $180,000. Determine the single plantwide factory overhead rate
What is the total cost of moving this train : Each rail car carried 10 tons of product. Each rail car was switched two times. What is the total cost of moving this train
What is the factory overhead cost associated with product t : What is the factory overhead cost associated with Product T, assuming that factory overhead is allocated using the multiple production rate method
What is the overhead cost per unit associated with product : San Madeo uses a single plantwide factory overhead rate based on direct labor hours. What is the overhead cost per unit associated with Product M
Explain why person with toxic goiter tend to sweat profusely : In relation to homeostasis, explain why a person with toxic goiter tends to sweat profusely - Create a new discussion post.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Describe the process of monitoring operating results

What term is used to describe the process of monitoring operating results and comparing actual results with the expected results? Explain with an example.

  What is the company economic value added

During the year, the company earned income before the interest and taxes of P800,000. What is the company's economic value added?

  Importance of beginning the master budget process

Discuss the importance of beginning the master budget process with an accurate sales budget and what are some important factors that a manager should consider when developing a sales budget?

  What variance investigation decisions would be made

Using the ± 2σ rule, what variance investigation decisions would be made? Present SQC charts for round-trip fuel usage for each of the three 747s in October. What inferences can you draw from them?

  Complete the table for absorption and variable costing

The fixed overhead rate under absorption costing is based on a practical capacity of 130,000 units per year. Complete table for absorption and variable costing

  Discuss meaning of the principle of financial accountability

Is the principle of financial accountability applicable to legal practices in Africa and if so, in what way and discuss the meaning of the principle of financial accountability?

  Find how mr sivakumar put up the note to the management

Mr. Sivakumar is a sales and marketing manager for Chennai, How should Mr. Sivakumar put up the note to the management to justify his recommendation?

  Calculate budgeted net income for january

Calculate, budgeted accounts receivable? Calculate budgeted cash payments for purchases For January ? Calculate budgeted ending inventory At the end of January

  Calculate required sale in unit to achieve target operating

Calculate the required sales in unit to achieve its target operating income of 8% of total costs. Nyx sells its product for 30 per unit and variable costs.

  Calculate gp margin and np margin

Sales - PKR 50,000,000Cost of Sales - PKR 30,000,000Expenses - PKR 15,000,000Net Profit - PKR 5,000,000 Calculate GP Margin and NP Margin

  Managerial accounting

Managerial accounting.. a) focuses primarily on reporting to regulatory agencies

  What is the total costs of goods manufacturered

What is the total costs of goods manufacturered? Sheridan company has beginning and ending work in process inventories of 90000

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