Find what is total amount to be budgeted for manufacturing

Assignment Help Financial Accounting
Reference no: EM132602285

Bonita Industries is planning to sell 600 boxes of ceramic tile, with production estimated at 970 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Bonita has 3600 pounds of clay mix in beginning inventory and wants to have 5000 pounds in ending inventory.

Question 1: What is the total amount to be budgeted for manufacturing overhead for the month?

Reference no: EM132602285

Questions Cloud

Find What the ROI was : Concord Corporation had average operating assets of $4600000 and sales of $2300000 in 2016. If the controllable margin was $920000, the ROI was
What are the total budgeted manufacturing cost for the month : If Marigold Manufacturing makes 19900 pairs of shoes this month, what are the total budgeted manufacturing cost for the month?
Strategic global marketing plan : Is globalization a good move for the company? What geographic location should be a target for global expansion?
How many units should crane company produce during april : Crane Company keeps 15% of the next month's sales as ending inventory. How many units should Crane Company produce during April?
Find what is total amount to be budgeted for manufacturing : Bonita has 3600 pounds of clay mix in beginning inventory. What is the total amount to be budgeted for manufacturing overhead for the month?
Connecting boundary spanning tactic : Choose one of the connecting tactics from your reading in Chapter 6 of the text and explain how you would apply this to a past or present experience
What is the total depreciation : On January 1, 2020, the entity determined that the remaining useful life is 10 years for the building, What is the total depreciation for 2020
How much is budgeted sales revenue for the third quarter : How much is budgeted sales revenue for the third quarter of 2019? At January 1, 2019, Waterway Industries has beginning inventory of 4000 surfboards
How many units should be produced in january : A company budgeted unit sales of 294000 units, How many units should be produced in January, 2020 in order for the company to meet its goals?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate after-tax cash flow at disposal

Genetic Insights Co. purchases an asset for $17,307. This asset qualifies as a seven-year recovery asset under MACRS. Calculate After-Tax Cash Flow at disposal.

  Provide the pro forma consolidation journal entries

Provide the pro forma consolidation journal entries that should be processed by WorldCup (Pty) Ltd for the year ended 31 December 2009 to correctly account for Protea

  What tax year can partnership elect without irs permit

How would your answers to Parts a and b change if Beta, Chi, and Delta own 4%, 4%, and 92%, respectively, of the partnership? What tax year(s) can the partnership elect without IRS permission?

  Prepare three-column cash book for the month of december

Prepare the 3-column cash book for the month of December 2019 and balance it at 31st December, bringing the balances down at 1 January.

  Illustrate what is the total amound of green installment

Green Company, which began operation on January 1, 1990, appropriately uses the installment method of accounting. The following information is available for 1990: Illustrate what is the total amound of Green's installment sales for 1990?

  Prepare a 2 page newsletter that identifies and summarises

the regulatory environment for financial reporting you are a member of a large accounting firm which is responsible for

  Write general journal entries to record each transaction

Write general journal entries to record each transaction. (Round per share calculations to 2 decimal places. Round your final answers to the nearest dollar.)

  Net income

What was the firm's net income-Net income

  How much did a box kellogg corn flakes cost

The price of corn flakes has risen by 4.41% each year on average over the last 60 years. How much did a box Kellogg's Corn Flakes cost in 1960?

  What is the present value of winnings

If the appropriate interest rate is 6.3 percent, what is the present value of your winnings? You will receive $1 million today plus another 10 annual payments

  What procedures should be performed by hodge podge

Describe five detailed substantive audit procedures you would perform to verify the year-end inventory balance and the related specific audit assertion

  What the current stock price is about

A stock just paid a dividend of D0 = $1.25. required rate of return is = 14 percent, and constant growth rate is 7 percent. The current stock price is about?

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