User Account

All Pages

Justify the selection of an appropriate allocation

Assignment Help Managerial Accounting
Reference no: EM13934946

Wolf Manufacturing expects the following overhead costs in 2011:

Indirect material..........$ 45,000
Indirect labor...........$55,000
Depreciation of machinery......$160,000
Repair and maintenance on machinery...$135,000
Utilities and taxes..........$55,000
Total...............$450,000
It expects to use 25,000 direct labor hours at a cost of $525,000 and 15,000 machine hours during the year.

Required:

Justify the selection of an appropriate allocation base, and calculate the predetermined overhead allocation rate.

Reference no: EM13934946

Questions Cloud

About the regarding bonds : Which of the following statements regarding bonds is/are true?
Difference between the northern cradle and southern cradle : This assignment is over Diop'so 2 cradle theory. You are to describe the difference between the northern cradle and Southern cradle
Expansion project-requires initial fixed asset investment : Keiper, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.55 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be wort..
Run the attached project. : Run the attached project. Use the first and second rows of test data in the above table to test the application. The second set of data results in a run time error.
Justify the selection of an appropriate allocation : Justify the selection of an appropriate allocation base, and calculate the predetermined overhead allocation rate.
Lower flotation costs than equity and not negative signals : Firm A has a higher degree of business risk than Firm B. Firm A can offset this by using less financial leverage. Therefore, the variability of both firms' expected EBITs could actually be identical. _____ Pecking order theory states that firms use i..
Provide an expert review of the wet and wild sydney web site : You have been asked to provide an expert review of the Wet and Wild, Sydney web site https://wetnwildsydney.com.au/#/. You are to make specific reference to the use of Navigational features.
Development of either sally or marie mental illness : Using current literature discuss two factors that may have contributed to the development of either Sally or Marie's mental illness.
What are two ways in which our biology may influence type : What are two ways in which our "biology" may influence the types of experiences we have? Provide examples of these two ways.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine the ending balance in each of the accounts

Journalize and post the adjusting entries at January 31 - Determine the ending balance in each of the accounts

  How many trades must be made to break even

Use the Contribution margin ratio CVP formula to compute National breakeven in dollars. If the average trade leads to $1000 in revenue for National how many trades must be made to break even?

  Cost behaviour-scatter diagram

Phenix Corporation reports following information regarding its sales and cost of sales. Draw the estimated line of cost behavior by using the scatter diagram, and evaluate fixed costs and variable costs per unit sold.

  Prepare journal entries to record the sale of the printers

Prepare the journal entries to record the sale of the printers and the related warranty cost, assuming that the accrual method is used. Actual warranty costs for 2002 were $8,500.

  Calculate the ending capital balances

Prepare general journal entries showing the transactions admitting Bridges and Terrell to the partnership and calculate the ending capital balances of all four partners after the transactions.

  Case study - retired professor housecleaning

Compute the activity rates for all the activity cost pools and using the activity-based costing system, compute the customer margin for the Anderson family.

  Cost-volume-profit relationships

Prepare journal entries for each of the transactions listed above and calculate the equivalent units and cost per equivalent unit for February for materials and for conversion costs. (Carry calculations out to the nearest tenth of a cent.)

  Summary information from the financial statements

Summary information from the financial statements of two companies competing in the same industry follows.

  Bad management-good management impacts

How does bad management impact your organization's success? How does good management impact your organization's success?

  What a partial balance sheet would look

Prepare the journal entries and show what a partial balance sheet would look like for each year, under the completed-contract method.

  Draw a scatter diagram of boutique catering number

On the third day in your role as accountant the general manager has asked you to review the results of 2012 and 2013 to try and determine if there is a relationship between the number of meals prepared per month and the administration costs whi..

  Qrecognize types of responsibility centersrecognize each

qrecognize types of responsibility centersrecognize each responsibility center as a cost center a profit center a

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