How much overhead is allocated to the job

Assignment Help Managerial Accounting
Reference no: EM132842675

Question - Consider a single job at Company B:

Direct Materials costs were: 6,289

Direct labor was 67 hours at a rate of $16/HR

MOH is allocated to jobs based on labor hours for the year

Budgeted MOH cost is 28,384

Budgeted dl labor hours is 4,204

Actual MOH was 33,272

Actual direct labor hours was 4,930

If actual costing is used, how much overhead is allocated to the job?

Reference no: EM132842675

Questions Cloud

What is the balance in the allowance for doubtful accounts : If bad debts expense is estimated at? 1.5% of credit? sales, what is the balance in the allowance for doubtful accounts at year? end
What is the value and composition of portfolio : What is the value and composition of her portfolio after the dividend is paid? To describe the composition of the portfolio, specify the value in cash and the v
How did the equal protection clause evolve : To what extent has the federal court system been successful in protecting against injustices committed at the state level? How did the Equal Protection Clause?
What is the weight of debt for company : Using the market value approach, what is the weight of debt for this company?
How much overhead is allocated to the job : MOH is allocated to jobs based on labor hours for the year. If actual costing is used, how much overhead is allocated to the job
Why did the political factions emerge : Why did these political factions emerge? How did each view the other? From what segments of society did each faction draw its support?
What will be the stock price after the repurchase : What will be the market value of equity after the repurchase? What will be the stock price after the repurchase?
Determine the weighted average cost of capital of a firm : Determine the weighted average cost of capital of a firm in a 30% tax bracket, with $50 million of debt financing and $100 million in common stock
What is the present value worth of the series of payments : What is the present value worth of the following series of payments - $6,000 at the end of each year to 8 years at 7% compounded annually

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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