Discuss how much manufacturing overhead did ico apply

Assignment Help Accounting Basics
Reference no: EM131766116

ICO, SA budgeted manufacturing overhead of $291,433 at a level of 8,959 fabrication hours. The actual results at the end of May showed 11,488 fabrication hours and total manufacturing overhead charges of $291,101. Based on this data, how much manufacturing overhead did ICO apply in May?

Reference no: EM131766116

Questions Cloud

Prepare stockholders equity section of the balance sheet : Exercise - Prepare the stockholders equity section, Finishing Touches has two classes of stock authorized 9%. 510 par preferred and $1 par value common
Determine the changes in paid-in capital : At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $12,600 and liabilities of $6,300.
What is the total variable cost for electricity at a level : JCO has variable and fixed costs for electricity of $373,269 and $318,768 respectively. What is the total variable cost for electricity at a level of 6,590 unit
Compute the total expected overhead cost : The Blaine Company is a highly automated manufacturer. At an activity level of 6,000 machine setups, total overhead costs equal £240,000.
Discuss how much manufacturing overhead did ico apply : total manufacturing overhead charges of $291,101. Based on this data, how much manufacturing overhead did ICO apply in May
What arguments can you make in favor of the proposed rule : What are the potential constitutional problems raised by the proposed rule? What arguments can you make in favor of the proposed rule?
Compute depreciation expense under each given method : Blossom Company purchased equipment for $244,530 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value.
Explain why rankings are given to employees : Importance of Performance Appraisals. Explain why rankings are given to employees and the advantages and disadvantages of including rankings.
Implementation of an economic order quantity model : Broadbent Industries carries a part that is popular in the manufacture of automatic sprayers. Demand for this part is 8,700 units per year.

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