Machining costs assigned to product

Assignment Help Accounting Basics

Reference no: EM13145147

OldMaid Inc. computed an overhead rate for machining costs ($1,000,000) of $10 per machine hour. Machining costs are driven by machine hours. If computed based on direct labor hours, the overhead rate for machining costs would be $20 per direct labor hour. The company produces two products, Gert and Mill. Gert requires 60,000 machine hours and 20,000 direct labor hours, while Mill requires 40,000 machine hours and 30,000 direct labor hours. Using activity-based costing, machining costs assigned to each product is ??

Reference no: EM13145147

Questions Cloud

What amount should be included as a foreign exchange loss : In Grete's 2011 income statement, what amount should be included as a foreign exchange loss?

Sort the bases in increasing order of strengths : Arrange the bases in increasing order of strengths. I) deuterated ammonia (ND3) Kb = 1.1 × 10?5 II) hydrazine (NH2NH2) Kb = 1.7 × 10?6 III) ammonia (NH3) Kb = 1.8 × 10?5

Did the foreign currencies increase or decrease in dollar : Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?

Journal entries on books of jayhawk carpet company : Prepare the necessary journal entries on the books of Jayhawk Carpet Company to record the following transactions, assuming a perpetual inventory system (you may omit explanations):

Machining costs assigned to product : Gert requires 60,000 machine hours and 20,000 direct labor hours, while Mill requires 40,000 machine hours and 30,000 direct labor hours. Using activity-based costing, machining costs assigned to each product is ??

What is the pressure of the nitrogen gas : a sample of nitrogen gas is collected over water at a tempature of 23.0 c. what is the pressure of the nitrogen gas if atmospheric pressure is 785 mm hg

Under what conditions should use wilcoxon sum rank test : What is a nonparametric procedure? Describe specifically when you would utilize a nonparametric test. Under what conditions should you use the Wilcoxon sum rank test?

Determine present value of each plan : Determine the present value of each plan. (Round present value factor calculations to 4 decimal places, e.g. 0.2525. Round all other calculations and final answer to 0 decimal places, e.g. 5,250.)

Determine the limiting reactant : Determine the limiting reactant in HCl + NaOH = NaCl + H2O given 2 moles of HCl and 2.5 moles of NaOH

User Account

All Pages