User Account

All Pages

Fixd manufacturing overhead is assigned to units of

Assignment Help Accounting Basics
Reference no: EM13604032

Porta light manufactures a high-quality LED flashlight for home/office use. data pertaining to the company's 2010 operations are as follows:

  • production for the year 45,000 units
  • sales for the yer (sales price per unit, $8) 48,750 units
  • beginning 2010 inventory 8,750 units

costs to produce one unit (2009 & 2010):

  • direct material $3.60
  • direct labor 1.00
  • variable overhead 0.60
  • fixed overhead 0.40

Selling and administrative costs:

  • variable (per unit sold $0.40
  • fixed (per year) $150,000

fixd manufacturing overhead is assigned to units of production based on a predtermined OH rate using an expected production capacity of 100,000 units per year.what is budgeted annual fixed manufacturing overhead?

Reference no: EM13604032

Questions Cloud

Rf company had january 1 inventory of 150000 when it : rf company had january 1 inventory of 150000 when it adopted dollar-value lifo. during the year purchases were 900000
Web moving images texts audio software patron info about ia : web moving images texts audio software patron info about ia projects home american libraries canadian libraries
Chess top uses the periodic inventory system for the : chess top uses the periodic inventory system. for the current month the beginning inventory consisted of 300 units
Bracy company acquired a new piece of construction : bracy company acquired a new piece of construction equipment on january 1 2013 at a cost of 100000. the equipment was
Fixd manufacturing overhead is assigned to units of : porta light manufactures a high-quality led flashlight for homeoffice use. data pertaining to the companys 2010
The filtering department started the current month with : the filtering department started the current month with beginning goods in process inventory of 70000. during the
Employer payroll taxes fica taxes 8 federal unemployment : the following payroll liability accounts are included in the ledger of armitage company on january 1 2010.fica taxes
On january 1 2008 fred leased equipment to ned for 70000 a : on january 1 2008 fred leased equipment to ned for 70000 a year for 6 years with the first payment being made on
Journalize each transaction and then post each transaction : sales revenue salaries expense wages expense and interest expense.a. the owner opened a business account and deposited

Reviews

Write a Review

Accounting Basics Questions & Answers

  The corporation has only four individual shareholders

If the corporation has only four individual shareholders

  Consolidated sales and cost of goods sold

During the current year, Top sold merchandise to Bottom for $100,000. The subsidiary still possesses 40 percent of this inventory at the end of the current year. Top had established the transfer price based on its normal markup. What are consolida..

  At december 31 2012 redmond company has outstanding three

at december 31 2012 redmond company has outstanding three long-term debt issues. the first is a 2033000 note payable

  Social security tax is 62 and medicare tax is 145 state

xyz co had the following payroll transactions for the first pay period in 2012.wages 13000federal income tax withheld

  The sunnyside fruit farms operated at the break-even point

the sunnyside fruit farms operated at the break-even point of 1125000 during summer 2005 while incurring fixed costs of

  Nontaxable stock dividends

Nontaxable stock dividends result in: a. A higher cost per share for all shares than before the stock dividend. b. A lower cost per share for all shares than before the stock dividend.

  Higher return for stockholders

Why do you think that these two extremes exist for a highly leveraged firm - higher return for stockholders and other equity partners

  Which of the following tend to be non-differential in short

which of the following tend to be non-differential in the short term since they cannot be changed but are more likely

  Accounting differences between u.s. gaap and ifrs

Prepare dated journal entries for ABC Corporation in U.S. dollars for the incurrence and settlement of this foreign currency transaction.  ABC Corporation employs a two-transaction perspective.

  A company is considering investing in a project that is

a company is considering investing in a project that is expected to return 350000 four years from now. how much is the

  Business structure formation and status

Review the IRS website (www.irs.gov), and then provide a link to some information related to partnership formation or termination. Provide a brief summary of the link's contents?

  Compute the new machines net present value use the

doughboy bakery would like to buy a new machine for putting icing and other toppings on pastries. these are now put on

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