Manufacturing overhead costs by establishing

Assignment Help Financial Accounting

Reference no: EM13749930

Tork Corporation applies manufacturing overhead costs by establishing a predetermined overhead rate linked to direct labor hours. At year-end, the entire over- or under applied overhead is treated as an adjustment to the unadjusted cost of goods sold. Use the following information to calculate the total manufacturing overhead cost that had been estimated before the year had begun:

Actual Manufacturing Overhead Incurred During The Year : $171,000

Total Amount of Direct Labor Hours :

Estimated Before Year Began : 37,500

Actual Hours Worked During The Year : 41,000

Cost of Goods Sold :

Adjusted : $695,000

Unadjusted : $688,000

A) 150,000 B) 157,000 C) 164,000 D) 178,000 E) None

Please show detailed help with steps and everything explained.

Reference no: EM13749930

Questions Cloud

Determine value of foreign stocks in investment portfolio : Discuss the value of foreign stocks in an investment portfolio. Do you want them? If so, which ones? Do you diversify the classes as you would domestic stock?

What role do investment bankers play in the raising : What role do investment bankers play in the raising of capital? What does it mean to "underwrite" a new security issue?

Exposition organizer during a fam trip to close the sale : For sales professionals, familiarization (FAM) trips are very important to closing the sale with a meeting, convention, or exposition organizer. Determine five key things a sales manager would need to show a meeting, convention, or exposition org..

Income statement-ford motor company : In a two- to three-page paper (excluding the title and reference pages), explain the purpose of an income statement and how it reflects the firm's financial status.

Manufacturing overhead costs by establishing : Tork Corporation applies manufacturing overhead costs by establishing a predetermined overhead rate linked to direct labor hours. At year-end, the entire over- or under applied overhead is treated as an adjustment to the unadjusted cost of goods sold..

Required organizational change management strategies : Resource allocation Any required organizational change management strategies that would enhance successful implementation Key success factors, budget, and forecasted financials, including a break-even chart Risk management plan, including contingency..

Write an essay on socialismo xxi : Write an essay on Socialismo XX1 (venezuela). INSTRUCTIONS : Factors that led to the creation of the movement/organization, Explain its goals or purposes and Explain how the movement develop.

Uses the effective interest metod to amortize bond premium : Siburo Company issued $300,000, 11%, 10 year bond on January 1, 2010 for $318,694. This price resulted in an effective interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1. Siburo uses the effective interest met..

Best practices for developing a universally usable interface : Building a user interface that meets the needs of a diverse population can be incredibly difficult. Assess at least five (5) best practices for developing a universally usable interface

User Account

All Pages