User Account

All Pages

Find what will overhead rate per hour for simplex company

Assignment Help Managerial Accounting
Reference no: EM132829989

Simplex Company has the following estimated costs for next year:

Direct materials $15,000

Direct labour 55,000

Sales commissions 75,000

Salary of production supervisor 65,000

Indirect materials 41,080

Advertising expenses 11,000

Rent on factory equipment 16,000

Problem 1: Simplex estimates that 10,000 direct labour and 16,000 machine hours will be worked during the year. If overhead is applied on the basis of machine hours, what will be the overhead rate per hour?

a. $6.94.

b. $8.56.

c. $3.50.

d. $7.63.

Reference no: EM132829989

Questions Cloud

Which activity levels should not be allocated to products : Arranging for a shipment of a number of different products to a customer is an example of an activity at which of the following levels?
What leadership styles may prove more effective in situation : Modern society gives preference to the inclusive style of leadership and the traits that are associated with it. Are there situations where inclusive leadership
Prepare the journal entry necessary for ABC Inc : ABC Incorporated acquired all of the assets and liabilities of XYZ Corporation for $1,250,000 cash on January 1, 2020. Prepare the journal entry necessary
Which statements refers to management accounting information : Which statements refers to management accounting information? Which one of the following is a variable cost for an insurance company?
Find what will overhead rate per hour for simplex company : Salary of production supervisor 65,000. If overhead is applied on the basis of machine hours, what will be the overhead rate per hour?
Types of acquisitions to increase market power : How do firms use horizontal, vertical, and related types of acquisitions to increase their market power? Provide an example of a company that has used multiple
Assess mrs susan return requirement and risk tolerance : Question: Assess Mrs Susan's return requirement and risk tolerance for her Investment Policy Statement (IPS). Justify your response.
How previous works have overlooked some important aspects : Set out your argument(s) early in your dissertation, even in the first or second paragraph. This helps the reader know where the rest of your paper is going.
Compute the sales volume in units necessary to generate : Compute the sales volume in units necessary to generate an after-tax net income of $20,000. Compute the break-even point in units.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What are the advantage of the contribution format

What are The advantage of the Contribution Format Income Statement is that it helps managers?Clearly distinguish between fixed and variable costs

  What is the total yield variance for may and for june

What is the total yield variance for May and for June? The dog biscuit uses a multigrain formula that sometimes varies depending on supplier cost

  Determine the total manufacturing cost of job

Determine the total manufacturing (or product) cost of Job 1050. Jumping Jacks Company manufactures customized fitness equipment.

  Determine the indirect labor support costs

Determine the per cent of unused indirect labour compared to available indirect labour hours. Draw conclusions from this analysis.

  What is the correct course of action regarding product a

It can be processed further at a cost of $12,500 and then sold for $5 per unit. What is the correct course of action regarding Product A?

  Calculate the earnings of each employee as determined

Calculate the earnings of each employee as determined by each of the Individual bonus scheme according to the 100% participation scheme with 100 as standard.

  How many units of each must be sold to break-even

Assume that frames and hangers are sold in a 3:1 mix (3 frames are sold for each hanger). How many units of each must be sold to break-even?

  Solve the budgeted cost of direct labor for the month

Each unit requires 20 minutes of direct labor to complete. The direct labor rate is? $70 per hour. Calculate the budgeted cost of direct labor for the month.

  How much is anticipating for total revenue

Ahmet Sari recently graduated. If Ahmet believes his profit will be at least S100,000 during the first year, how much is he anticipating for total revenue?

  Calculate the total utility cost for the month of april

Assume that 500 labor hours are budgeted for the month of April. Calculate the total utility cost for the month of April. Zinc Company constructed

  Determine octobers expected cash payments for purchases

Determine Octobers expected cash payments for purchases. Hardy Company's cost of goods sold is consistently 70% of sales. The company plans merchandise

  What does a system of internal controls achieve

What does a system of internal controls achieve? (You can apply this to internal controls over cash, or a general discussion of internal controls.)

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd