How much overhead would be charged

Assignment Help Accounting Basics
Reference no: EM133166408

Question - Stargazer Company logged 7,250 machine hours for the month of June. P42,500 was spent for manufacturing overhead is allocated on the basis of machine hours. The company operates 5 departments; however, one department was closed for the month of June due to poor market conditions for its product. It was decided that this department (#3) should be allocated a lump sum of P5,000 as its share of June overhead. If this policy is followed, how much overhead would be charged to Department 2, which used 1,750 machine hours?

Reference no: EM133166408

Questions Cloud

Explain dry ports : Briefly explain dry ports and discuss how it would affect the logistics and supply chain management.
Explain leadership traits : List and explain 5 Leadership traits. In a essay format
Describe the subsequent events testing that would occur : Describe the subsequent events testing that would occur. State the audit opinion that would be issued for each case. Give reasons for your choices
Construct a data dictionary : Choose 10 data elements from your data set, of which two should involve terminology standards.
How much overhead would be charged : If this policy is followed, how much overhead would be charged to Department 2, which used 1,750 machine hours
Identify two technology tools in communication : I. Identify two technology tools in communication and explain how they impact the communication process in a positive or negative manner.
What is the amount of the liabilities : The liabilities of Lenore Loqueloque Company equal one-third of the total assets, and the owner's equity is 240,000. What is the amount of the liabilities
How much must be the average receivable balance : Annual sales amount to P750,000 and are made on 60 days charge basis. How much must be the average receivable balance in current assets
Explain the hong kong tax position : Explain the Hong Kong tax position in respect of employment, including whether or not he will be able to claim time apportionment for tax purpose

Reviews

Write a Review

Accounting Basics Questions & Answers

  Starkey company reported the following as plant assets

The equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement.

  What is the price of a one-year european put option

The price of a European call option on a non-dividend-paying stock with a strike price of $50 is $6. What is the price of a one-year European put option

  By how much did the company retained earnings increase

Springsteen Music Company earned $553 million last year and paid out 25 percent of earnings in dividends. By how much did the company retained earnings increase

  What were your reasons for not selecting other candidates

Which candidate did you select for the interview and what made this person stand out to you? What were your reasons for not selecting other candidates

  What is the amount of outstanding checks

In December, checks in the amount of $25329 were written. What is the amount of outstanding checks at the end of November

  Trayer corporation has income from continuing operations

Trayer Corporation has income from continuing operations, A correction of an error in last year's financial statements that resulted

  What is lenz corporation holding period for the property

What is Lenz Corporation's holding period for the property received from Mark? Does Lenz Corporation recognize gain when it issues its stock?

  Compute the gain or loss on sale of bond investment

The effective interest method of amortization is used. The bonds have a 10% effective yield. Compute the gain or loss on sale of bond investment

  Prepare the journal entry to record amortization expense

Prepare the journal entry to record amortization expense for the first year. If required, round your answers to nearest whole value

  Compute a cost-to-retail percentage under conditions

Compute a cost-to-retail percentage under the following conditions

  What controls should exist for inventory movements

Mighty Tools Hardware runs a network of small hardware retail outlets across the state. What controls should exist for inventory movements

  How many binders did she inspect

Abbey is paid $11.00 per hour and she makes $0.25 for every binder she inspects. If her weekly paycheck for 40 hours was $850, how many binders did she inspect

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