Reference no: EM133067217
Question - Picasso Manufacturing Co. uses a normal cost system that applies overhead based on machine hours. The following 2020 budgeted data are available:
Variable factory overhead at 50,000 machine hours: P625, 000
Variable factory overhead at 75.000 machine hours: 937,500
Fixed factory overhead at 50,000 machine hours: 720,000
Practical capacity is 90,000 machine hours; expected capacity is 2/3 of practical. All capacity levels are within the relevant range.
During 2020, Picasso records 55,000 machine hours and P1,355,000 of overhead costs.
-Determine the variable overhead rate at practical capacity.
-Determine the variable overhead rate at expected capacity.
-Determine the fixed overhead rate at practical capacity.
-Determine the fixed overhead rate at expected capacity.
-Determine the applied overhead at practical capacity.
-Determine the applied overhead at expected capacity.
-Calculate the overapplied or underapplied overhead at practical capacity.
-Calculate the overapplied or underapplied overhead at expected capacity.
|
What is the equilibrium price
: A perfectly competitive industry is in long-run equilibrium. Each of the identical firms has a long-run cost function C = 100 + q2. As a result, a firm's margin
|
|
How much were the payments during the month
: The company had $80,700 cash available. At end of April the ending cash balance was $32,300. How much were the payments during the month
|
|
Different house price experiences
: Question to answer: What explains the different house price experiences in the pandemic compared with the global financial crisis?
|
|
Arguments for the voter identification legislation
: a) Do the arguments for the voter identification legislation outweigh the arguments against it?
|
|
Determine the variable overhead rate at practical capacity
: During 2020, Picasso records 55,000 machine hours and P1,355,000 of overhead costs. Determine the variable overhead rate at practical capacity
|
|
Why do you think so few people sign petitions
: 1.) Why do you think so few people sign petitions, contact their representatives, or donate to political candidates?
|
|
What is its expected dividend
: If Extruded Elements increases its payout ratio to 40% of earnings next year, but its expected growth rate remains constant, what is its expected dividend
|
|
What is the adjusted net present value
: What is the Adjusted Net Present Value (ANPV) criterion for deciding whether to go ahead with a project? What is the Weighted Average Cost of Capital (WACC) alt
|
|
How much should be taken to profit or loss
: On January 1, 2023, the replacement cost of the asset was P3,500,000. How much should be taken to profit or loss for the period ended December 31, 2023
|