User Account

All Pages

How many machine hours did kool kayaks use

Assignment Help Managerial Accounting
Reference no: EM133167281

Question - The manufacturing records for Kool Kayaks at the end of 2008 fiscal year fiscal year show the following information about manufacturing overhead:

Overhead applied to production $405,000

Actual manufacturing overhead costs $430,250

Overhead allocation rate for the year $40 per machine hour

Required -

i) How many machine hours did Kool Kayaks use in 2008?

ii) Was manufacturing overhead over- or under-allocated for the year? By how much?

iii) Record the entry to close the overhead variance.

Reference no: EM133167281

Questions Cloud

What would you do and how would you do it : You have been asked to review the risk management practices that are current for your position - What would you do and how would you do it
What is the gross profit margin on the coffee tables : You pay your craftsman $25 per hour and it takes him 5 hours to complete one table. If you sell these tables for $689, what is your Cost of Goods Sold Percentag
Economic pressure and opportunities : Q1. Economic pressure occurs when a society or country is facing undesirable economic times. It may occur during a recession, when unemployment rates are higher
Analyse the impacts of establishing a new university : Topic: Analyse the impacts of establishing a new university in a large city Requirements Use this analysis to recommend ways of maximising the benefits and mini
How many machine hours did kool kayaks use : Overhead allocation rate for the year $40 per machine hour. How many machine hours did Kool Kayaks use in 2008
Types of property included in the first group of exclusions : Describe the extended Step 3 of Reading a Policy-review the perils that are insured against, and the perils that are not-in the context of all-risks coverage an
Compute the corrected cash balance on june : A creditor's check for 7,500 was incorrectly recorded in the depositor's book as 75,000. Compute the corrected cash balance on June
Explain what working capital and working capital ratio are : Explain what working capital and working capital ratio are, what is their significance. Include comparative examples based on hypothetical financial statements
What will be the per cent increase in the profit : The fixed cost of Pazzo is $10,767 per year, and the contribution margin ratio is 38%. If next year sales increase by 26%, what will be the per cent increase

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Find direct materials and conversion equivalent unit

Determine the direct materials and conversion equivalent units of production for November for the Drawing Department. If an amount is zero, enter in "0".

  What the amount of money to invest today is

What the amount of money to invest today is? You estimate that it will take five years to complete college education. Your parents want to invest enough money.

  What was toodles ocf

Company had an interest expense of $280,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carry forward provisions.) What was Toodles's OCF?

  Calculate the variable overhead spending variances

During the month of May, Vaughn used 4,210 direct labor hours and 21,970 machine hours. Calculate the variable overhead spending variances

  Discuss the merits of an activity-based costing system

Compute the total overhead that should be assigned to order no. 715 by using activity-based costing.

  Explain differences between job and process order costing

Explain the differences between job order costing and process order costing systems? When would you use job order costing rather than process costing

  Explain why evaluation in terms of roi may lead managers

Explain why evaluation in terms of ROI may lead managers to delay purchases of equipment that, in the long run, will be needed to remain competitive.

  Compute the degree of operating leverage at last year

Compute the degree of operating leverage at last year's sales level. Northwood Company manufactures basketballs. The company has a ball that sells for $25.

  What is the type of corporate structure should be used

How are the personnel, resources and activities performed based on the current strategies? What is the type of corporate structure should be used

  Should terri ronsin go along with the general manager

Explain how shaving 5% off the estimated direct labor-hours in the base for the predetermined overhead rate usually results in a big boost

  Describe three analysis tools

1- Describe three analysis tools that can be used in capital budgeting decisions

  Calculate all direct material and direct labor variances

Direct materials consumed by the end of the period totaled 65,500 pounds in the manufacture of 16,050 finished units. Calculate all direct material

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