Logistics solutions provides order fulfillment services for

Assignment Help Accounting Basics
Reference no: EM13606992

Logistics Solutions provides order fulfillment services for dot-com merchants. The company maintains warehouses that stock items carried by its dot-com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours.

In the most recent month, 170,000 items were shipped to customers using 5,000 direct labor hours. The company incurred a total of $12,750 in variable overhead costs.

According to the company's standards, 0.03 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $2.6 per direct labor-hour.

What variable overhead cost should have been incurred to fill the orders for the 170,000 items?

Reference no: EM13606992

Questions Cloud

Shown here are condensed income statements for two : shown here are condensed income statements for two different companies both are organized as llcs and pay no income
Let x the number of flaws on the surface of a randomly : let x the number of flaws on the surface of a randomly selected boiler of a certain type have a poisson distribution
Pantanal inc manufactures car seats in a local factory for : pantanal inc. manufactures car seats in a local factory. for costing purposes it uses a first-in first-out fifo process
Natchez industires inc acquired land buildings and : plant acquisitions for selected companies are presented below and on the next page.1 natchez industires inc. acquired
Logistics solutions provides order fulfillment services for : logistics solutions provides order fulfillment services for dot-com merchants. the company maintains warehouses that
Becky works on the assembly line of a manufacturing company : becky works on the assembly line of a manufacturing company where she installs a component part for one of the companys
Mae charged the following amounts of overhead to jobs : m.a.e. charged the following amounts of overhead to jobs during the year 20000 to jobs still in process 60000 to jobs
Assume that whether or not a car is faulty is independent : 0.09 of cars produced in a certain auto company will have technical problems.the probability that a batch of 500 cars
Dewey company uses the weighted-average method in its : dewey company uses the weighted-average method in its process-costing system. the first processing department the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Difference to a newly opened suspense account

In taking out a trial balance, a bookkeeper finds that he is out Rs 1600 excess debit. Being desirous of closing his books, heplaces the difference to a newly opened suspense account. In the next period he discovers the following discrepancies.

  Held-to-maturity debt securities account

On July 1, 2011, Patton Company should increase its Held-to-Maturity Debt Securities account for the Scott Co. bonds by

  Sue is a waits on table at a sports bar she is thinking of

sue is a waits on table at a sports bar. she is thinking of having some plastic surgery to enhance some of her features

  Compute each of the following operating income income loss

the hot aire company reported the following items on its income statement for2007.a. net operating revenues 956000b.

  Karen in forming a new corporation transfers land to the

karen in forming a new corporation transfers land to the corporation in exchange for 100 percent of the stock of the

  Ending accounts receivable balance

Assuming all sales were made on account, compute the ending accounts receivable balance that should appear in the ledger, noting any apparent shortage. Then, draft a memo dated October 3, 2010, to Mark Price, the branch manager, explaining the fac..

  Determine the overhead from both production departments

1 - blue ridge marketing inc. manufactures two products a and b. presently the company uses a single plantwide factory

  The new unit has a larger capacity and bravo estimates it

bravo baking co is considering replacing an older freezer with a larger unit to freeze some of its bread. the new unit

  Billys hamburgers issued 5 10-year bonds payable at 90 on

billys hamburgers issued 5 10-year bonds payable at 90 on december 31 2012. at december 31 2014 billy reported the

  Prepare a cost reconciliation for april note you will not

kenton industrial corporation uses the weighted-average method in its process costing system. during april the baker

  What is the value of the forecast

The present period, 0.31 one period ago, 0.19 two periods ago, and0.167 three periods ago. What is the value of your forecast?

  According to the companys records the conversion cost in

malaviya corporation uses the fifo method in its process-costing system. operating data for the casting department for

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