Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Assume that a plant has two categories of overhead: material handling and quality inspection. The costs expected for these categories for the coming year are as follows.Material handling$100,000Quality inspection300,000The plant currently applies overhead using direct labor hours and expected actual capacity.This figure is 50,000 direct labor hours.The plant manager has been asked to submit a bid and has assembled the following dataon the proposed job:Potential JobDirect materials$3,700Direct labor (1,000 hours)$7,000Overhead$?Number of material moves10Number of inspections5The manager has been told that many competitors use an ABC approach to assign overhead to jobs. Before submitting his bid, he wants to assess the effects of this alternative approach. He estimates that the expected number of material moves for all jobs during the year is 1,OOO; he also expects 5,000 quality inspections to be performed.
(a) Compute the total cost of the potential job using direct labor hours to assign overhead. Assuming the bid price is full manufacturing cost plus 25 percent, what would be the manager's bid?
(b) Compute the total cost of the job using the number of material moves to allocate material-handling costs and the number of inspections to allocate the quality inspection costs. Assuming a bid price of full manufacturing cost plus 25 percent, what should be hisbid using this approach?
(c) Which approach do you think best reflects the actual cost of the job? Explain.
What should be the reported net asset balance of the following categories during 2011: permanent restricted, temporarily restricted, unrestricted.
Sally Kist owns Linen Kist Fabrics. Sally asks you to explain how she should treat the reconciling items when reconciling the company"s bank account
brill co. made the following expenditures during the current yearcosts to develop computer software for use in brills
MSA Computer Corporation manufactures two models of minicomputers,the Alpha 4 and the Beta 5. Determine the most profitable number of Alpha-4 model of minicomputer to produce during the coming month.
curren co. paid dividends of 3000 6000 and 10000 during 2010 2011 and 2012 respectively. the company had 500 shares of
Compute 2008 cash-basis net income. Compute 2008 accrual-basis net income.
what is the equation for determining operating income assuming the firm uses the variable-costing approach to product
1.grace greeting cards incorporated is starting a new business venture and is in the process of evaluating its product
at the beginning of 2014 ovila company estimated the following costs to produce one unit of product 8 pounds of direct
1. temporary investments a are reported as current assets b include cash equivalents c do not include equity securities
what are the three main components of the stl?what is the difference between an stl container and an stl iterator?what
Critically assess the relative merits of accounting standards. In your opinion, how would a conceptual framework help to develop accounting standard?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd