How much overhead cost will be assigned to job

Assignment Help Accounting Basics
Reference no: EM132027521

Question - Keene Company allocates overhead on the basis of direct labor hours. It allocates overhead costs of $8,000 to two different jobs as follows:

Job 1: (10 hours) = $4,000; Job 2: (10 hours) = $4,000

The production process for Job 2 was then automated. Now Job 2 requires only two hours of direct labor but four hours of mechanical processing. As a result, total overhead increased to $12,000. How much overhead cost will be assigned to Job 1 after automation?

Reference no: EM132027521

Questions Cloud

What will be your annual payment : You have $50,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price.
Calculate the cost of goods sold and the ending inventory : June 10th Purchase 250 units at $25.00 per unit. Using the three different methods calculate the cost of goods sold and the ending inventory
Why do you think the statement released after : Why do you think the statement released after each Federal Open Market Committee meeting retains the same basic structure?
Allocate the purchase price to each asset : The James company has purchased a vehicle with an appraised value of $15,000, Their lump sum purchase price is $75,000. Allocate purchase price to each asset
How much overhead cost will be assigned to job : Keene Company allocates overhead on the basis of direct labor hours. How much overhead cost will be assigned to Job 1 after automation
What is a convertible bond : What is a callable bond? Does the call feature benefit the company that issues the bond or the bondholder? Why
Compute the material variances : Coffee Pot, Inc. is local chain of coffee shops. The standard amount of ground coffee per cup is 0.75 ounces. Compute the material variances
Write out the ff3f model equation for tesla : Determine whether the stock is over or undervalued in comparison to the FF3F's projection. write out the FF3F model equation for Tesla.
What is the present value of the tax savings : Assuming Ace used straight line depreciation, what is the present value of the tax savings from the depreciation on the speakers

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