Manufacturing overhead based on direct labor hours

Assignment Help Financial Accounting
Reference no: EM13777847

The following information was taken from the cost records of the Solom Corporation: Estimated manufacturing overhead $89.000 Actual manufacturing overhead $84,000 Estimated direct labor hours 12,000 Actual direct labor hours 12,500 Solom applies manufacturing overhead based on direct labor hours. How much is over applied or under applied manufacturing overhead closest to?

A. $5,000 overapplied.

B. $8,708 overapplied.

C. $1,500 overapplied.

D. $1,500 underapplied.

E. $3,500 underapplied

Reference no: EM13777847

Questions Cloud

Perspective of multiple ethical theories : Present a revised thesis statement on the problem you are discussing. Identify, explain, and apply the core principles of at least two ethical theories to draw specific moral conclusions about the problem you are discussing.
Prepare presentation on juvenile crime and prevention : Prepare and deliver a professional presentation on a selected topic in criminal justice; juvenile crime and prevention
What maintenance cost would the company expect to incur : The delivery trucks of Slavin Transport Company incurred $3,600 of maintenance costs during the busiest month of 2004, in which 12,000 miles were driven collectively. During the slowest month, $2,800 in maintenance costs were incurred, and 8,000 mile..
What are the major risks facing this company : Draw upon your knowledge of financial ratios learned thus far in the course to indicate whether this is a stable company which could afford to increase its debt by £20 million. Is this company highly liquid?
Manufacturing overhead based on direct labor hours : The following information was taken from the cost records of the Solom Corporation: Estimated manufacturing overhead $89.000 Actual manufacturing overhead $84,000 Estimated direct labor hours 12,000 Actual direct labor hours 12,500 Solom applies manu..
Write a six pages paper about history of e6b flight computer : Write a six pages paper about History of E6b Flight Computer.
Bottleneck and non-bottleneck work centers issues : What are the differences in how bottleneck and non-bottleneck work centers are scheduled under TOC? Why are these differences desirable?
The development of the geological chart : Geologists around the world contributed to the development of the geological chart, which defines the subdivision of the history of our planet and the life it supports. Some people claim that the evolutionary explanation for the history of life on Ea..
Complete a research paper on prison culture : Complete a research Paper on Prison Culture. Be sure to discuss the inmate subculture, the norms and values of prison society, its social structure and prison argot. Explain your answer in detail and incorporate information from your readings alon..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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