How much is the company predetermined overhead rate

Assignment Help Accounting Basics
Reference no: EM131774301

Question - A company expected its annual overhead cost to be $900,000 and direct labor costs to be $1,000,000. Actual overhead was $870,000, and actual labor costs totaled $1,100,000. How much is the company's predetermined overhead rate to the nearest cent.

Reference no: EM131774301

Questions Cloud

How airlines solve the perishability of unsold seats : Wendy's serves its hamburgers "fresh off the grill" This ensures high quality but creates leftover burgers if the staff overestimates the demand.
What goes into the finished goods inventory : What goes into the Finished Goods Inventory? when doing entries what things play a role?
Actual applied manufacturing overhead : What factors go into Actual Applied Manufacturing Overhead when looking at a balance sheet?
What is the benefit of combining the gordon growth model : What is the benefit of combining the Gordon growth model, capital asset pricing model
How much is the company predetermined overhead rate : Actual overhead was $870,000, and actual labor costs totaled $1,100,000. How much is the company's predetermined overhead rate to the nearest cent
Analyze the pedestrian traffic in a major shopping center : You wish to analyze the pedestrian traffic that passes a given store in a major shopping center. You are interested in determining how many shoppers.
Discuss what is bettys tax liability : What is Bettys tax liability, What would Bettys 2015 tax liability be if he had held the stock for 10 months
Benefits as part of manufacturing overhead : Assume that Bringer of Rain Inc. treats all fringe benefits as part of manufacturing overhead. Compute Donaldson's total wages and fringe benefits
Determine the amount of taxable dividend : Determine the amount of taxable dividend, nontaxable distribution, and capital gain for the distributions made in each of the following cases

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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