Labor hours to activity-based costing

Assignment Help Accounting Basics
Reference no: EM13132975

R-Ball Corporation manufactures deluxe and standard racquetball racquets.

R-Ball's total overhead costs consist of assembly costs and inspection costs. The following information is available:

Cost Deluxe Standard Total Cost

Assembly 500 mach. hours 500 mach. hours $30,000

Inspections 350 150 $50,000

2,100 labor hours 1,900 labor hours

R-Ball is considering switching from one overhead rate based on labor hours to activity-based costing. Total overhead costs assigned to deluxe racquets, using a single overhead rate, are

A) $40,000.

B) $42,000.

C) $50,000.

D) $56,000.

Reference no: EM13132975

Questions Cloud

Determine the adjusting entry : On October 30, Seba Salon, Inc. issued a 90-day note with a face amount of $36,000 to Reyes Products, Inc for merchandise inventory. Determine the adjusting entry for Seba on December 31 assuming the note carries an interest rate of 8%.
Create a graph to display the distribution of doctors : Make a graph to display the distribution of doctors per 100,000 people.Write a brief description of the distribution.Are there any outliers?If so, can you explain them.
What is the phase composition and temperature : Consider an insulated system containing 150 g of liquid water and 150 g of ice at equilibrium under atmospheric pressure. A total of 22 g of steam at 120±C is admitted to the system.
Life-changing event in your life : Briefly write me an essay about an important or life-changing event in your life or about how you live any of your core values.
Labor hours to activity-based costing : R-Ball is considering switching from one overhead rate based on labor hours to activity-based costing. Total overhead costs assigned to deluxe racquets, using a single overhead rate, are
Find probabilities that the senior owes a given value : The average credit card debt for college seniors is $3,262. If the debt is normally distributed with a standard deviation of $400, find probabilities. that the senior owes at least $1,000
Calculate the number of moles of mg(l) produced : If 8686 C of charge is passed through molten magnesium chloride, calculate the number of moles of Mg(l) produced
Aldo leopold''s land ethic : Read Aldo leopold's land ethic and evalute its based on what argurment is and the author's position and support for thr argument. In yout own words.
Compute the return on stockholder equity ratio : Oslo Corporation decided to issue common stock and used the $400,000 proceeds to retire all of its outstanding bonds on January 1, 2010. The following information is available for the company for 2009 and 2010.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Why are bank reconcilations so important

During the preparation of the bank reconciliation for New Concepts Co., Peter Fikes, the assistant controller, discovered that City National Bank incorrectly recorded a $710 check written by New Concepts Co. as $170.

  Journal entries for collections with cash discounts

Prepare the journal entries to record the November 17, 2011 (ignore cost of goods) and collection on November 26, 2011, assuming that the gross method of accounting for cash discounts is used.

  Casualty loss deduction

Sarah came home one day to find significant water damage in her home. Apparently one of the hoses to her washing machine had worn out and split, spilling water all over the place. Over the next month, mildew appeared as well.

  Sum-of-the-years-digits method

At the time Fisher Corporation became a subsidiary of Ashbury Corporation, Fisher switched depreciation of its plant assets from the straight-line method to the sum-of-the-years'-digits method used by Ashbury.

  Determining fixed assets book value

The balance in the equipment account is $904,000, and the balance in the accumulated depreciation-equipment account is $316,400.

  Consolidated financial statements

According to US GAAP, what should be the basis for reporting the assets and liabilities of Small within consolidated financial statements created on the date of acquisition?

  Prepare journal entries to record the events

The program itself, which is accounted for in a special revenue fund, is funded by both direct contributions and the income from the permanent fund. At the start of the year, the special revenue fund had assets (all invested) of $26,000.

  Adjusting journal entries for year end

McCallister & Speass Plowing Company is completing the accounting process for the year ending December 31, 2009. The transactions during 2009 have been journalized and posted.

  Distribution from the partnership

Demarcus is a 50% partner in the DJ partner. DJ has taxable income for the year of $200,000. Demarcus received a $75,000 distribution from the partnership. What amount of income related to DJ must Demarcus recognize?

  Issuance of tax anticipation

On September 15, the City decided to borrow $200,000 in 90 day tax anticipation notes to cover operating expenditures until the tax revenues are collected. The journal entry on September 15 to record the issuance of tax anticipation notes will inc..

  Bond issue and interest accrued on bonds due adjustment

Show the journal entries in 2006. (Please be reminded the year-end for ABC Corporate is Dec 31, adjusting is required)

  Preparing an income statement

Prepare an income statement through gross profit for the year ended December 31, 2004.

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