Determine total product cost using the sequential method of

Assignment Help Accounting Basics
Reference no: EM13481662

Delille Company manufactures both traditional toothpaste and geltoothpaste, with each type of toothpaste produced in separate departments. Three support departments support the production departments: power, general factory, and personnel. Budgeted dataon the five departments are as follows:

Support Departments Producing Departments
Power General Factory Personnel
Traditional Gel
Overhead $90,000 $300,000 $120,000 $137,500 $222,500
Machine hours - 1,403 1,345 8,000 24,000
Square feet 3,600 - 2,400 10,800 7,200
Number of employees 8 13 7 18 14

The company does not break overhead into fixed and variablecomponents. The bases for allocation are: power-machine hours,general factory-square feet, and personnel-number of employees.

You may use the attached spreadsheet to solve this activity. Youwill find the spreadsheet by clicking on the paper clip found inthe upper left hand corner of the screen.

Required:

  1. Determine total product cost using the sequential method of overhead allocation. (Take allocation ratios out to four significant digits.)
  2. Using machine hours, compute departmental overhead rates. Roundto two decimal places.

Reference no: EM13481662

Questions Cloud

Land enterprises has purchased new equipment on a long-term : land enterprises has purchased new equipment on a long-term payment plan. the contract calls for land to pay 50000 at
Pagilla company manufactures four products-andol incol : sales-value-at-split-off methodpagilla company manufactures four products-andol incol ordoland exsol-from a joint
The price includes a two-year warranty during the current : a company sells personal computers for 2300 each. the price includes a two-year warranty. during the current year the
An accountant hid his theft of 200 from the companys bank : internal control procedures as an auditor you have discovered the following problems with the accounting system control
Determine total product cost using the sequential method of : delille company manufactures both traditional toothpaste and geltoothpaste with each type of toothpaste produced in
Compute the cost per equivalent unit of materials compute : pet products manufactures dry dog food. the following information pertains to the month of feb.beginning wip 5000
Gven the following information sales 5000 fixed expense : given the following information sales 5000 fixed expense 2000 variable exp 1750 what would expected net income be if
Fowler manufacturing company has a fixed cost of 225000 for : fowler manufacturing company has a fixed cost of 225000 for the production of tubes. estimated sales are 150000 units.
How would the following errors affect the account balances : how would the following errors affect the account balances and the basic accounting equation assets liabilities

Reviews

Write a Review

Accounting Basics Questions & Answers

  House of reps and tax legislation

The committee which is responsible for holding hearings on tax legislation for the House of Representatives is the

  Adjusting entry for depreciation

Prepare the adjusting entry for depreciation at December 31, post the adjustments to T accounts, and indicate the balance sheet presentation of the equipment at December 31.

  Equity method account for the investment

Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?

  Computational and record-keeping costs

If computational and record-keeping costs are regarding the same under both FIFO and weighted average, which of the following techniques will generally be preferred?

  What amount would appear in the july selling

What is the budgeted factory labor costs for July? What amount would appear in the July selling, general, & administrative expense budget?

  The towson manufacturing corporation applies overhead on

the towson manufacturing corporation applies overhead on the basis of machine hours. the following divisional

  Compute the issue price of each of the following bonds

$10,000,000 face value, serial bonds repayable in 40 equal semi-annual installments of $500,000, which includes coupon payments and repayment of principal, for 20 years, priced on the market to yield 6% compounded semi-annually. Round your answer ..

  Determining the amount of interest revenue

On January 1, 2010, Ball Co. exchanged equipment for a $160,000 zero-interest-bearing note due on January 1, 2013. The prevailing rate of interest for a note of this type at January 1, 2010 was 10%. The present value of $1 at 10% for three periods..

  Business combination to be accounted for a statutory merger

Which of the following situations best describes a business combination to be accounted for as a statutory merger?

  What are the intrinsic values of stocks d & g

person is considering buying the stock of two home health companies that are similar in all respects except the proportion of earnings paid out in dividends.

  Executive officers of dominick company are wrestling with

executive officers of dominick company are wrestling with their budget for the next year. the following are two

  The pizza company actually made 9000 pepperoni pizzas and

the pizza company makes two types of frozen pizzas pepperoni and cheese. the pizza company allocates overhead to these

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