User Account

All Pages

Determine the standard factory overhead measured in january

Assignment Help Cost Accounting
Reference no: EM132746632

Ricafrente Company's budgeted fixed factory overhead cost is Php125,000 per month plus a variable factory overhead of Php5.00 per direct labor hour. The standard direct labor hours allowed for January production was 45,000. An analysis of the factory overhead indicates that in January, the Ricafrente Company had an unfavorable budget (controllable) variance of Php5,000 and an unfavorable volume variance of Php2,500. The Company uses two-way analysis of overhead variance.

Problem 1: Determine the standard factory overhead measured in January.

Group of answer choices

Option 1: Php 347,500

Option 2: Php 352,500

Option 3: Php 350,000

Option 4: Php 355,000

Reference no: EM132746632

Questions Cloud

What is the bond interest expense on the income statement : On January 2, 2020, $208,635 in 11 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $185,160. On June 30.
Calculate direct material inventory and total cost december : Calculate direct materials inventory, total cost, December 31, 2007. Two pounds of direct materials are used to make one unit of finished product.
What is the maximum price you would be willing to pay : You expect the apartment to provide annual after-tax cash benefits of US$6,000 at the end of each year. You intend to sell the apartment at the end of the fifth
Find the standard factory overhead measured in january : Find the standard factory overhead measured in January. Ricafrente Company's budgeted fixed factory overhead cost is Php125,000 per month plus variable factory
Determine the standard factory overhead measured in january : Determine the standard factory overhead measured in January. Ricafrente Company's budgeted fixed factory overhead cost is Php125,000
Find value of sheridan company inventory : At May 1, 2022, Sheridan Company had beginning inventory consisting of 250 units with a unit cost of $6. During May, the company purchased inventory as follows.
What is the minimum price that can be charged : What is the minimum price that can be charged by the Marketing Division for the shoes and still cover the company differential manufacturing and marketing cost
Make a budgeted income statement for the upcoming year : Make a budgeted income statement for the upcoming year. Use a gross-margin format (as illustrated above) and ignore income taxes.
Prepare the journal entry to recognize the contribution : Prepare the journal entry to recognize the contribution embodied in the trust agreement, assuming the trust was established is established on January 1, 2019.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Prepare a gross margin income statement

(a) Prepare a statement of cost of goods manufactured and sold for the month of July.Prepare a gross margin income statement for the month of July.

  Explains the nature of the organization

Explains the nature of the organization (industry, products, and/or services), how it uses joint-process costing, and how important you believe joint- process costs are to its decision making.

  Prepare the sales budget by month and in total

ACC 207 - Cost Accounting Assignment, Southern New Hampshire University, USA. Prepare the sales budget by month and in total

  Create an original cost structure exercise

Create an original cost structure exercise/problem with solution?

  Make a cost of production report for the month

Make a Cost of Production Report for the month. ABC Industries produces a product that passes through 2 departments.Materials Cost

  Compute the adjusted units for the flexible

Compute the adjusted units for the flexible / variable resource. Ratliff Appliances Company makes a household appliance with model number RM16.

  Percent before tax return in account

What would be Keisha's after-tax accumulation in 20 years if she contributes $4,000 to a Roth 401(k) account?

  How should float on the critical path have been managed

How should float on the critical path have been managed? Would this have helped to complete on time? Is life-cycle costing a factor on this project?

  Completed-contract method

Obillings on uncompleted contract in excess of related costs?? on December 31, 2007, under each of the following methods Completed-contract method

  Estimate lorenzo total costs

Use the cost classification you developed in requirement 1 to estimate Lorenzo's total costs in 2012. Depreciation is computed on a straight line basis.

  Make a statement of cash receipts and disbursements

Make a statement of cash receipts and disbursements for each of the four years under both alternatives. What is the cumulative difference in cash flow

  Would you advise jim to make this investment

He estimates that the equipment could be sold at that time for 4% of its original cost. Jim uses a 16% discount rate - would you advise Jim to make this investment? Why or why not?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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