User Account

All Pages

Prepare the entry to assign manufacturing overhead

Assignment Help Managerial Accounting
Reference no: EM132552955

The gross earnings of factory workers for Detox Company during the month of March are $100,000. The employer's payroll taxes for the factory payroll are $15,000. Of the total accumulated cost of factory labour, 75% is related to direct labour and 25% is attributable to indirect labour. Salaried office employees' monthly pay is based on the skills required and seniority, and averages $7,800 per month, plus the company's share of the required payroll taxes.

Instructions

Question a) Prepare the entry to record the factory labour costs for the month of March.

Question b) Prepare the entry to assign factory labour to production.

Question c) Prepare the entry to assign manufacturing overhead to production, assuming the predetermined overhead rate is 150% of direct labour cost.

Reference no: EM132552955

Questions Cloud

Calculate the production overhead to be absorbed by one unit : Calculate the production overheads to be absorbed by one unit of each of the products u by one unit of each of the products using the costing methods.
Premium line of coffee that includes cappuccino : Not long ago, McDonald's unveiled plans to roll out McCafe in the United Stated, a premium line of coffee that includes cappuccino, latte and iced mocha.
Explain strategies that adopted by divisional management : Discuss in detail two strategies that may be adopted by divisional management to improve ROI and RI for short-term profitability. Use examples.
Calculate the severity and frequency of the losses : Following is the loss data for slip-and-fall shoppers' medical claims of the fashion designer LOLA for the years 2013-2017.
Prepare the entry to assign manufacturing overhead : Prepare the entry to assign manufacturing overhead to production, assuming the predetermined overhead rate is 150% of direct labour cost.
Frequency of loss or severity of loss : Which is more important, frequency of loss or severity of loss? Explain.
What the comparison in the expenses would be considered a : Assume a company was deciding whether to send employees to a conference by flying or driving. The comparison in the expenses would be considered a?
What are the advantage of the contribution format : What are The advantage of the Contribution Format Income Statement is that it helps managers?Clearly distinguish between fixed and variable costs
JWI 599 Business Analytics and Capstone Assignment : JWI 599 Business Analytics and Capstone Assignment Help and Solution - Strayer University, USA - Homework Help - Data Analysis and Recommendation

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd