Find what is the pre-determined manufacturing overhead rate

Assignment Help Managerial Accounting
Reference no: EM133004072

Boohoohoo Inc. uses a job order costing system. The estimated manufacturing overhead for the year is $12,000,000. The company has decided to allocate the manufacturing overhead to products on the basis of machine hours. The estimated machine hours for the year are 1,000,000 hours.

Problem A. What is the pre-determined manufacturing overhead rate that will be used to apply manufacturing overhead to products?

Job # 999 has accumulated $35,000 of direct materials and $5,000 of direct labour costs. The rate per direct labour hour is $25. To complete Job # 999, 1,100 machine hours were used.

Problem B. How much manufacturing overhead will be applied to Job # 999 ?

Problem C. What is the total manufacturing cost of Job # 999?

Reference no: EM133004072

Questions Cloud

What is the value of one warrant : What is the value of one warrant? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Find how much manufacturing overhead will be applied to job : The estimated manufacturing overhead for the year is $12,000,000. How much manufacturing overhead will be applied to Job # 998 ?
What is the current stock price : You own 250 shares of ABC's stock. ABC will pay $40 per share dividend in year 1, $160 per share dividend in year 2, and $120 liquidating dividend per share in
Describe business-oriented organizations : What are social responsibility and ethics as they relate to business-oriented organizations?
Find what is the pre-determined manufacturing overhead rate : Compute What is the pre-determined manufacturing overhead rate that will be used to apply manufacturing overhead to products?
Total return of a mutual fund : How do the fees factor into the total return of a mutual fund? Are they considered? Why or why not? If so, how?
How much is monthly car loan payment : You need a car loan of $100,000 from a bank in Singapore. The bank charges an annual interest rate of 6% (stated on a "flat" basis) for a 5-year loan with month
What is the amount of the earnings per share : A firm has earnings before taxes of $128 million and taxes of $39 million. The company pays $12 million in preferred dividends and $31 million in common dividen
What the company currently earns a total contribution margin : The product has variable costs of $4 per unit and fixed costs of $50,000. What the company currently earns a total contribution margin of

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What consists of total direct material variances

What consists of total direct material variances (there are two variances)? Explain how those two variances are calculated

  Will an improvement in technology shift lac curve upwards

Explain whether the following statements are true or false, If AVC and price stay the same when there is an increase in fixed costs the BEO will decrease.

  Why does the responsibility report for a profit center

Why does the responsibility report for a profit center focus on these three measures? Net Sales Revenue, Variable Expenses, and Contribution Margin.

  Determine tax consequences to albert of the severance award

Determine the tax consequences to Albert of the Condemnation proceeds.- Determine the tax consequences to Albert of the  Severance award.

  How much should the beard tax be

How much should the beard tax be? What is the structure of your beard tax: progressive? regressive, or flat? Provide 3 reasons why the beard tax is a "bad" tax.

  Prepare the manufacturing overhead budget

Prepare the manufacturing overhead budget or the direct materials budget. Cook Farm Supply Company manufactures and sells a pesticide called Snare.

  Should susan accept the request from peter

Assuming the alternative scenario described in the previous question, should Susan accept the request from Peter and potentially save hundreds

  How do find the unadjusted cost of goods sold

How do find the unadjusted cost of goods sold? How do compute the total manufacturing costs added to production within a schedule of cost of goods manufactured?

  Explain two disadvantages of a standard costing system

Explain two advantages and two disadvantages of a standard costing system in which the standard direct labour rates per hour are not changed

  Calculate the ROI for Tellco

Early in January 2019, Tellco Inc. acquired a new machine and incurred $12,000 of interest, installation, Calculate the ROI for Tellco for 2019

  Calculate the direct materials used in production

Brody paid a sales commission of 5% of sales. Calculate the direct materials used in production for last year

  Compute the direct material price and quantity variances

Prepare brief explanation of the possible causes of each variance. Compute the Direct material price and quantity variances for August

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