How much overhead was applied to production in january

Assignment Help Managerial Accounting
Reference no: EM133012142

Question - At the beginning of the year, Yellow Co. estimated the following:

Overhead $855,000

Direct labor hours 95,000 hours

Yellow applies overhead on the basis of direct labor hours.

Actual labor hours for the month of January were 7500 hours. Actual overhead cost for January was $70,000.

Required - How much overhead was applied to production in January?

Reference no: EM133012142

Questions Cloud

What are two organizational procedures : What are two organizational procedures an accounting firm could use to ensure all records and files are safe and secure
Does the mean that project npv would be less : If there were no taxes, there would be no depreciation tax shields. Does this mean that a project's NPV would be less if there were no taxes? Why?
Describe the formation of formal and informal groups : The text describes the formation of formal and informal groups (or teams) in the workplace. In what ways do individuals affect group behavior? Conversely, in wh
Write an email to the product manager : How QA Associate can write an email to the product manager of the product to tell him bad news that his product is rejected, failed specification for microbiolo
How much overhead was applied to production in january : Actual labor hours for the month of January were 7500 hours. Actual overhead cost for January was $70,000. How much overhead applied to production in January
What the car is in amount of the loan as of december is : What the present value of the future cash flows of the restructured loan is? What the car is in amount of the loan as of December 31. 2010 is
What the moving expenses adjustment : Portia received $3,000 of reimbursement from the military. What the moving expenses adjustment
Explain to lang why the analysis is incorrect : Lang recorded this as follows: he increased Cash by $75,000 and decreased Property by $75,000. Explain to Lang why his analysis is incorrect.
The objectivity principle is a gaap -true or false : A transaction takes place, leaving a business in a better financial position. Therefore Capital has most likely increased. -True or False

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the predetermined overhead rate

During the year, the company produced 52,000 units using 106,383 machine hours. What is the predetermined overhead rate

  Preparing income statement for stock holders

Can an absorption costing income statement show a profit rather than loss? Support your answer by preparing a reconciliation schedule.

  Do the calculations from requirements b and c

Do the calculations from Requirements b and c confirm your speculations in Requirement a?

  How to evaluate the dollar amount of the cost of goods sold

How to Evaluate the dollar amount of the FY 2018 cost of goods sold. (Round dollar values & enter as whole dollars only.)

  How much overhead is assigned to product one each year

Using ABC, how much overhead is assigned to Product One each year? Swifty Co. incurs $533000 of overhead costs each year in its three main departments

  Prepare tiger paws company sales budget for the year

Prepare Tiger Paws Company Sales Budget for the year ending December 31, 2019. Tiger Paws Company is preparing its master budget for 2019.

  What the estimated unit variable cost is

The total costs at the highest level of production was $20,000 ($60,000 - $40,000. Using the high-low method, the estimated unit variable cost is

  How total fixed costs remain unchanged

Assuming the football helmet line is dropped, total fixed costs remain unchanged, and the space formerly used to produce the football helmet line.

  What was the amount of cost of goods manufactured last month

What was the amount of cost of goods manufactured last month? TechCom Inc. manufactures laptops. Last month, direct materials (e.g., computer components)

  Find the assignment of costs to work-in-process at the end

Assuming Top That uses the weighted-average method to account for inventories, the assignment of costs to work-in-process at the end of February is

  How much is incremental profit if facey farm slaughters

The production generates 60,000 fishes which can be sold for $1 each, If Facey Farm slaughters the fishes, how much is incremental profit or loss?

  What does legislation such as sarbanes-oxley say about

What does legislation such as Sarbanes-Oxley say about this? Is it possible? A recent survey of large corporations' CEOs and CFOs found

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