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

  How long did take addison to cut the third customers hair

Appointment Time 83, 95, 56, 98, 72 Time between arrivals 26, 23, 62, 53, 82 How long did it take Addison to cut the third customers hair?

  What is the current breakeven point in revenues

Compute A 18% decrease in fixed costs, a 20% decrease in selling price, a 10% decrease in variable cost per unit, and a 40% increase in units sold

  What are the major benefits of budgeting

What are the major benefits of budgeting? What is sensitivity analysis? How does the use of spreadsheets aid in the application of sensitivity analysis?

  Any over or underapplied overhead

Selected information from the Blake Corporation accounting records for June follows:

  What characteristics or features make the balanced scorecard

According to Kaplan and Norton, what characteristics/features make the balanced scorecard so special for its worldwide adoption?

  Explain what the large amount of sales returns

Explain what the large amount of sales returns and allowances suggest that Bill Slick might have done. Determine how Yancy could protect itself from a manager who behaved as Bill Slick did.

  Should plan be extended to pressers in the other stores

What suggestions would make to Jennifer and father for an incentive plan for store managers? Should plan be extended to pressers in other stores

  Prepare schedules for monthly budgeted cash receipts

Prepare schedules for monthly budgeted cash receipts & cash disbursements & the cash budget. During which month will John need to organise a shortterm

  What is the total production per month if the change is made

Find What is the increase in the expected monthly product contribution for each of the possible changes? Assume long-run production equal sales.

  Provide journal entries to account for all the transaction

Provide journal entries to account for all the above transactions in Tina Ltd's financial statements for the year ended 31 December 2019

  Determine the office products division residual income

Compute the Office Products Division's residual income.Compute the Office Products Division's residual income for the new product line.

  Manufacturing overhead

Knight Company reports the following costs and expenses in May.From the information, determine the total amount of:Manufacturing overhead

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