Suppose a job required parts costing

Assignment Help Managerial Accounting
Reference no: EM13934631

Franklin Computer Repair treats each repair order as a job. Overhead is allocated based on the cost of technician time. At the start of the year, annual technician wages were estimated to be $800,000, and company overhead was estimated to be $500,000.

Required:

a. Discuss why use of a predetermined overhead rate would be preferred to assigning actual overhead to repair jobs.

b. Suppose a job required parts costing $200 and technician time costing $100.What would be the total cost of the job?

Reference no: EM13934631

Questions Cloud

What takes place at an ecological and physiological level : What takes place at an ecological and physiological level during the freezing and thawing process of the wood frog?
Infertility can be a very hard obstacle for married couples : Infertility can be a very hard obstacle for married couples. Based on your readings this week, what are male and female factors that can lead to infertility?What is Assisted Reproductive Technology (ART) and what are some benefits of using ART to con..
About the what is the firms net float : Tanner Tavern writes four checks a day for an average amount of $5,400 each. These checks generally clear the bank four days after they are written. In addition, the firm generally receives and deposits checks amounting to $18,700 each day. All depos..
Design a dietary programme : Choose 3 conditions from the body systems covered throughout this module and design a dietary programme for each of these conditions.
Suppose a job required parts costing : Suppose a job required parts costing $200 and technician time costing $100.What would be the total cost of the job?
Discount interest-what is the effective interest rate : This question illustrates what is known as discount interest. Imagine you are discussing a loan with a somewhat unscrupulous lender. You want to borrow $31,000 for one year. The interest rate is 13.6 percent. You and the lender agree that the interes..
Calculate the amounts of formic acid and formate : A solution which is 3.19X10 to the -3 M in an acid (HA) and 6.78x10 to the -3 M in its conjugate base (A-) is found to have a pH of 8.65. What is the Ka of the acid?
Digital measurements of millions of trees indicate : Digital measurements of millions of trees indicate that previous studies likely overestimate the amount of carbon stored by temperate U.S. forests, according to a new NASA study.
Outline a nutritional treatment strategy : Give a brief description, discuss the cause and pathogenesis (with emphasis on the nutritional understanding of these), outline a nutritional treatment strategy, and design a dietary programme specifically beneficial to the condition.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  If a firm decides to implement a jit inventory system list

question 1a under which inventory costing method would managers have an incentive to build excess inventory? be sure to

  How would you select an organizational form for a business

how would you select an organizational form for a business? think about this question as you read the following

  Objective of allocating indirect costs

In manufacturing environment, which cost are direct and which are indirect in product costing? What is the objective of allocating indirect manufacturing overhead cost of product?

  Develop a variance analysis including a budget variance

Develop a variance analysis including a budget variance performance report and appropriate variances for materials, labor, and overhead.

  What will be the companys profits or losses

What will be the company's profits or losses? How can you tell at a glance whether the company is making or losing money at this price just by looking at average cost?

  Total manufacturing overhead costs

How can I assign the total 2014 manufacturing overhead costs to the two products using activity based costing (ABC) and determine the overhead cost per unit.

  Formulate a linear program to determine the expected mix

Formulate a linear program to determine the expected mix of conference rooms to ensure the maximum profit for Raymond Co. Show all supporting calculations and derive the optimum solution using a computer package.

  Compute the total manufacturing overhead cost variance

How much was Topaz's operating income (income before taxes) last year and What type of responsibility center is this subunit - Compute the total manufacturing overhead cost variance

  Part 1 consider the following data in preparing ballarat

part 1 consider the following data in preparing ballarat furniture companys budget for 2013product specification for

  Identify at least one cost or expense

Use a selected company or your current work environment to identify at least one cost or expense that would fit under each of the following categories:  .Variable .Fixed .Mixed .

  Human rights groups environmental activists and other

human rights groups environmental activists and other interest groups concerned with unethical business practices have

  Explain the objectives and characteristics

Include an explanation of ethics in business and the managerial accountant's role in upholding the code of ethics.

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