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

  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!

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