User Account

All Pages

How much cost would be allocated to the machining

Assignment Help Cost Accounting
Reference no: EM132547952

Consider the following information attributed to the material management department

Budgeted usage of materials - handling labor - hours 3,500

Budgeted cost pools:

Fixed costs $154,000

Variable costs $126,000 (3,500 hours x $36 per hour)

The company uses the single rate method to allocate support costs to the Machining and Assembly Departments.

Question 1: Assuming that the actual hours tracked in the Machining and Assembly department are 500 for the month, what would be the allocation rate and how much cost would be allocated to the Machining and Assembly Department for the operations of the month? (Round final answers to the nearest dollar.)

Group of answer choices

Option 1: $36 an hour for a total of $18,000

Option 2: $560 an hour for a total of $80

Option 3: $36 an hour for a total of $40,000

Option 4: $80 an hour for a total of $40,000

Reference no: EM132547952

Questions Cloud

Dark and light colored rock pocket mice : Consider the dark and light colored rock pocket mice. Human skin color also comes in different shades. One hypothesis
Reabsorb all of the glucose : In diabetes mellitus, the liver and muscles fail to store glucose as glycogen. As a result, the kidneys cannot reabsorb
What the bid price for this special order is : What The bid price for this special order is? Candle Corp. applies manufacturing overhead costs to products at a budgeted indirect cost
How much equity does Trina Trikes have : Trina's trikes reported a debt to equity ratio of 1.94 times at the end of 2008. How much equity does Trina Trikes have
How much cost would be allocated to the machining : What would be the allocation rate and how much cost would be allocated to the Machining and Assembly Department for the operations of the month?
What is the VAT of the sales : A VAT-registered individual, Mr. Agonias, posted the following information for a taxable month, VAT not included: What is the VAT of the sales
What will be the total cost per unit of the product : Vital Industries manufactured 2,600 units of its product Huge in the month of April. What will be the total cost per unit of the product?
What is the journal entry : Interest on loan will be paid on the first day of each subsequent month. An agreement was signed on a 6-month, 6%, What is the journal entry
What is the budgeted contribution margin per composite unit : What is the budgeted contribution margin per composite unit for the actual mix? (Round any intermediary calculations two decimal places.)

Reviews

Write a Review

Cost Accounting Questions & Answers

  Market value per share to book value per share

Compute book value net worth per share - What is the ratio of market value per share to book value per share?

  Janice colangelo heads the training centre of the large hr

janice colangelo heads the training centre of the large hr consulting firm emt consulting.nbsp the firm has three major

  BUSS 1602 Cost Accounting Assignment

BUSS 1602 Cost Accounting Assignment Help and Solution, Middle East College - Assessment Writing Service - Differentiate between direct and indirect costs

  Job costing contracting ethics kingston company

job costing contracting ethics. kingston company manufactures modular homes. the company has two main products that it

  Vertical analysis - lyons corporation

Prepare a comparative income statement for 20X2 and 20X1 using vertical analysis, and evaluate the results.

  Make a flexible budget performance report

Prepare a flexible budget performance report that shows both activity variances and revenue and spending variances for the pizzeria for November.

  Write the paragraphs for the netflix company

Topic: WACC Calculation for Netflix Company. Write the paragraphs for the Netflix company exactly as the sample

  Compute bids for deluxe and regular pillows on a total-order

Compute the bids for deluxe and regular pillows on a total-order basis. When required round answers to the nearest cent Regular $ Deluxe $.

  Prepare the cash flows from operating activities section

Prepare the cash flows from operating activities section only of the company's 2011 statement of cash flows using the direct method.

  After researching the different forms of business

after researching the different forms of business organization mariam decides to operate cookie creations as a

  Compute trend percentages for each item for 2007

Compute the rate of return on net sales for 2008 through 2010, rounding to three decimal places. In this industry, rates of 6% are average, rates above 8% are considered good and rates above 10% are viewed as outstanding.

  Prepare the correcting entries at december 31

Preparing financial statements for the current year, the chief accountant for Springer Company discovered the following errors in the accounts.

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