Find the amount of manufacturing overhead allocated

Assignment Help Cost Accounting
Reference no: EM132768372

Question - Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted? indirect-cost rate of? $15 per direct? labor-hour. The following data are obtained from the accounting records for June? 2018:

Direct materials ?$100,000

Direct labor? (4,000 hours? @ $10/hour) ?40,000

Indirect labor ?10,000

Plant facility rent ?26,000

Depreciation on plant machinery and equipment ?24,500

Sales commissions ?23,000

Administrative expenses ?31,000

Required - Find the amount of manufacturing overhead allocated to all jobs during June 2018 totals?

A. ?$60,500

B. ?$91,500

C. ?$60,000

D. ?$76,000

Reference no: EM132768372

Questions Cloud

What is the level of implementation of revenue management : What is the level of implementation of revenue management strategies of hotels in Baguio City in terms of Pricing and Inventory Management
Journalize the investment transactions of russell corp : Journalize the following investment transactions of Russell Corp. Purchased 1,200 common shares of Aveda Corporation at $78.00 per share, with brokerage
Design and implement an interactive web-based application : Design and implement an interactive web-based application using HTML and CSS3 - Analyse the issues involved in human-computer interaction, including user differ
Calculate the change in each balance sheet account : Calculate the change in each balance sheet account and indicate whether each account relates to operating, investing, and financing activities
Find the amount of manufacturing overhead allocated : Direct labor? (4,000 hours? @ $10/hour) ?40,000. Find the amount of manufacturing overhead allocated to all jobs during June 2018 totals
Explain the advantages of bonds over common stock financing : Explain the advantages of bonds over common stock financing, indicate the types of bonds he might issue and what procedures are necessary to issue the bonds.
Prepare the journal entry to record its purchase on January : Machine B: The recorded cost of this machine was R$83,200. Prepare the journal entry to record its purchase on January
Outline an approach to managing underperformance : Identify any weaknesses in the business plan - provide an analysis of the strengths and weaknesses of a business plan - Outline an approach to managing
What is income after taxes and the profit margin : Assume a tax rate of 30 percent on income before taxes. What is income after taxes and the profit margin for 20X2

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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