User Account

All Pages

How much of the underapplied overhead should be allocated

Assignment Help Accounting Basics
Reference no: EM131988411

Question - Cedar Company estimates its manufacturing overhead to be $700,000 and its direct labor costs to be $560,000 for Year 2. Cedar worked on the following three jobs for the year: Job Status Direct Labor Costs Job 2-1 Completed and sold $195,000; Job 2-2 Completed by not sold 325,000; and Job 2-3 In progress 130,000. Actual manufacturing overhead for Year 2 was $822,000. Manufacturing overhead is applied on the basis of direct labor costs. How much of the underapplied overhead should be allocated to finished goods?

A. 2.850

B. 1,900

C. 4,750

D. 9,500

Reference no: EM131988411

Questions Cloud

Aca individual mandate on the stakeholder groups : Discuss the impact of the ACA Individual Mandate on the following stakeholder groups:
Explain to the executive manager the growth strategies : Soap manufacturing organization in China has decided to pursue growth strategies in the domestic market.
Commentary about the leader life-career : Research about any leader in business, politics, or society who have impacted society in a positive way.
Find the bank discount and proceeds using ordinary interest : What is the effective interest rate of a simple discount note for $8,000, at an ordinary bank discount rate of 11%, for 120 days?
How much of the underapplied overhead should be allocated : Manufacturing overhead is applied on the basis of direct labor costs. How much of the underapplied overhead should be allocated to finished goods
Write about the role and care given by non-medical responder : Write about the role and care given by a non-medical/emergency responder and why that care is critical until EMS or other medical personnel arrive.
Likelihood of a successful integration of an acquired firm : How can acquiring firms increase the likelihood of a successful integration of an acquired firm?
What is the significance of lack of accumulation of lactate : What is the significance of the lack of accumulation of lactate in Experiment 1? Give reasons why fructose-1,6 bisphosphate should be relatively so high.
How is it similar to or different from the deming cycle : Explain the Six Sigma DMAIC methodology. How is it similar to or different from the Deming Cycle?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute amount of consolidated land at date of acquisition

On January 1,2013, the Moody Company entered into a transaction for 100% of the outstanding. Compute the amount of consolidated land at date of acquisition.

  Deadbeats and slow collections

Monahan Media's Accounts Receivable balance has been growing. Although Nick is pleased by the increase in sales, he has some concerns about cash flow.

  Compute interest and find the maturity date

Compute interest and find the maturity date for the following notes.

  Estimate doubtful accounts

On 30 November, account balances relating to the accounts receivable management function of Minnesota's CitySlickers Hotel.

  Compute Laquen gross profit

In 2017, had net sales of dollar 979.700 and cost of goods sold of dollar 544,000. Operating expenses were dollar 223, 700, and interest expense was dollar.

  Analyse the variance into capacity and expenditure

fixed overhead 72 000 variable overhead 3 per direct labour hour budgeted direct labour hours 15 000the actual fixed

  Preparing a schedule indicating cash collections

Of sales on account, 50% are expected to be collected in the month of the sale, 35% in the month following the sale, and the remainder in the second month following the sale. Prepare a schedule indicating cash collections from sales for May, June,..

  What is the target variable cost per mouse

If the company desires to make a profit $2,000,000 on the mouse, what is the target variable cost per mouse

  Determining materials price variance

Robinson Enterprises purchased 56,000 pounds (cost = $420,000) of direct material to be used in the manufacture of the company's sole product. According the production specifications, each completed unit requires five pounds of direct material at ..

  What is harold margin of safety in dollars

What is Harold's margin of safety (MOS) in dollars? What is the margin of safety (MOS) ratio? Of what managerial significance are the preceding measures

  Cyber attacksnbspin public companies please respond to the

cyber attacksnbspin public companies please respond to the followingfrom the e-activity analyze the effects of the secs

  The regular annual salary

The regular annual salary

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