Produces agricultural irrigation equipment

Assignment Help Accounting Basics
Reference no: EM133553880

Question: produces agricultural irrigation equipment. During a? year, the amount of overhead costs on a? per-month basis varies in relation to the machine hours used in a given year. The low for the past year was 4,410 ?hours, and the expense associated was ?$88,240. The high for the period was 7,300 ?hours, and the associated expense was ?$120,672. During the low? month, the ?$88,240 in overhead costs consisted of indirect materials of ?$44,100 ?(a variable? expense), rent of ?$35,750 ?(a fixed? expense), and maintenance costs of ?$8,390 ?(a mixed? expense).

Reference no: EM133553880

Questions Cloud

Calculate reorder point of the computers for gamma company : the economic-order quantity has been computed as 592 computers. Calculate the reorder point of the computers for Gamma Company.
Explain how the results of your analytical procedures : Explain how the results of your analytical procedures would influence your audit planning decisions for the audit for the last financial year.
What will the new contribution format income statement like : combined with an incr$35,000 in the monthly advertising budget, will double unit sales. What will the new contribution format income statemelike
What are the mechanisms to get widespread adoption of sasb : What are the concerns that Hnat should have related to the disclosure decision? What are the benefits associated with the disclosure decision?
Produces agricultural irrigation equipment : the ?$88,240 in overhead costs consisted of indirect materials of ?$44,100 ?(a variable? expense), rent of ?$35,750 ?(a fixed? expense), and maintenance costs
What are the journal entries and other considersations for : There where some Intragroup Transactions during the year ended 30 June 2022. What are the journal entries and other considersations for the following transation
How to do this is in a double entry system : Received payment of $22,980 (by check) for completed installation services provided to Boecker Builders. How to do this is in a double entry system
How does the direct method of cash flow statement differ : How does the direct method of cash flow statement differ from the indirect method of cash flow statement? Identify the income and expense items for
What is the year end balance of advertising payable reported : What is the year end balance of Advertising Payable reported in the balance sheet of Dec 31st? What is the Advertising Expense reported on the annual Income

Reviews

Write a Review

Accounting Basics Questions & Answers

  Describe amp explain three characteristics of payroll

describe amp explain three characteristics of payroll related taxes that make accounting for them so time consuming for

  What will be the total relevant cost of 70000 subassemblies

that old equipment for producing subassemblies is worn out said bruce truesdale president of truesdale company. we need

  Compute earnings per share using the weighted-average

Compute earnings per share for 2018, using the weighted-average number of shares determined.Determine the weighted-average number of shares outstanding

  Purchased merchandise from aaa company for 6000 under

purchased merchandise from aaa company for 6000 under credit terms of 115n30 fob shipping point invoice dated july 1

  Estimate the direct materials price variance is

Estimate The direct materials price variance is?The standard costs and actual costs for direct materials for the manufacture of 2,000 actual units of product

  Describe why accountants should be concerned about ethics

Describe why accountants should be concerned about ethics.

  Generally accepted accounting principles

In the United States, a public company's financial statements must be according to Generally Accepted Accounting Principles (GAAP). These principles are cost, revenue recognition, and matching principles. Examine the financial statement and notes ..

  What dollar amount should be credited to allowance

Allowance for Uncollectible Accounts had a credit balance of 6,000. What dollar amount should be credited to Allowance for Uncollectible Accounts at year end?

  What is ending balance of retained earnings

During the year, cash dividends of $40 were paid to the owners. Net income for the year was $120. What is ending balance of retained earnings

  Determine the depreciation for each of the first two years

A Kubota tractor acquired on January 8 at a cost of $171,000 has an estimated useful life of 10 years. Determine the depreciation for each of first two years

  Why are interviews in fraudulent financial statements and

why are interviews in fraudulent financial statements and tax returns handled differently than interviews in other

  What the adjusting entry to be made by the ayayai corp is

Prepaid Rent was debited for the full amount. If financial statements are prepared on July 31, the adjusting entry to be made by the Ayayai Corp. is

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