Standard by using traditional costing

Assignment Help Accounting Basics
Reference no: EM13124518

Donkey Company manufactures two products, Standard and DeLuxe. Donkey's overhead costs consist of machining, $2,000,000; and assembling, $1,000,000. Information on the two products is:

Standard DeLuxe
Direct labor hours 10,000 15,000
Machine hours 10,000 30,000
Number of parts 90,000 160,000

Overhead applied to Standard using traditional costing using direct labor hours is

A) $860,000.

B) $1,200,000.

C) $1,800,000.

D) $2,140,000.

Reference no: EM13124518

Questions Cloud

What is the concentration of the diluted solution : If 124 mL of 9.50 M nitric acid is diluted to 555 mL, what is the concentration of the diluted solution
Inconsistent or dependent system of equations : Solve the system of linear equations. If the unique solution does not exist state weather the system is inconsistent or dependent.
Deal with another person''s unacceptable behavior : Tell about a time that you dealt with another person's unacceptable behavior. Define the behavior, then describe your reaction and what you did to cope with the behavior.
What volume of oxygen can a cylinder supply : Hospital patients are administered oxygen from an pressurized hyperbaric oxygen chamber. 600.0 L of oxygen is compressed in a cylinder at 160.0 atm. What volume of oxygen can a cylinder supply at the given pressure.
Standard by using traditional costing : Overhead applied to Standard using traditional costing using direct labor hours is
Solving first order linear differential equation : Please show me how to solve this first order linear differential equation:
Information about functions and linear equations : Could you explain to me the difference between functions and linear equations? I need to know if all linear equations are functions and if there are any instances in which a linear equation is not a function.
Gross income for the year : It purchased equipment normally selling for $10,000 at a 20% discount. Based on these facts, what is its gross income for the year?
Create confidence level using t-distribution for mean ages : Construct an 80% confidence level using a t-distribution for the mean age. Round your answer to two decimal places.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Finding amount of cash received-prepare journal entries

Determine the amount of cash received and prepare the journal entries for (a) the Jan. 1 issuance and (b) the Dec. 31 recognition of interest.

  What is your investment recommendation

ROSS is considering a $6M Series A investment in Newco. ROSS proposes to structure the investment as 3M shares of convertible preferred stock.

  Company accounts receivable balance

What is Farr Company's accounts receivable balance at December 31, 2010?

  Explain how shaving 5% off the estimated direct labor hours

Explain how shaving 5% off the estimated direct labor hours in the base of the predetermined overhead rate usually results in a big boost in the net operating income at the end of the year.

  Preferred stock or the current stock

Assume AirJet Best Parts has also a preferred stock issue. The most recent dividend per share paid on the stock was also $1.50, the same as the common stock. Which one would you think has a higher price, the preferred stock or the current stock? E..

  Derivative instruments and investment classification

Write down the differences between traditional and derivative instruments. Why do companies use derivative instruments? Are derivatives a good investment?

  Sec and european equivalent views of gaap

The SEC and its European equivalent are trying to merge their respective views of GAAP (Generally Accepted Accounting Principles). What are the easy points and what are the stumbling blocks?

  Describing statement of cash flows

A Statement of Cash Flow is the statement which demostrate inflow and outflows of cash and cash equivalents of an enterprise during the particular period.

  Inventory purchases budget

Prepare an inventory purchase budget using the sales manager's estimate. Prepare an inventory purchases budget using the marketing consultants estimate.

  Importance of food cost labor and sales

Describe the importance of food cost, labor and sales in a food and beverage operation. Support your description with concepts addressed in the materials provided in this course.

  Contract negotiations-calculate the after-tax cost

Calculate the after-tax cost of each payment assuming she has a 25 percent marginal tax rate. $800 to reimburse the cost of meals incurred by employees while travelling for the business $1,200 for football tickets to entertain out-of-town clients ..

  Calculate how much in sum the mariners are saving

First assume that all of the deferred money and accumulated interest is paid out along with the final salary payment at the end of 2012. Use 5.5% as the discount rate. What is the present value (as of the signing date) of Ichiro's contract under t..

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