User Account

All Pages

The companys manufacturing overhead costs for the year are

Assignment Help Accounting Basics
Reference no: EM13596980

Harrison Company makes two products and uses a conventional costing system in which a single plant-wide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow:

  • Rascon Parcel
  • Direct materials cost per unit $ 13.00 $ 22.00
  • Direct labor cost per unit $ 6.00 $ 3.00
  • Direct labor-hours per unit 0.40 0.20
  • Number of units produced 20,000 80,000

These products are customized to some degree for specific customers.

Requirement 1:

The company's manufacturing overhead costs for the year are expected to be $576,000. Using the-company's conventional costing system, compute the unit product costs for the two products.

Rascon Parcel
Unit product cost $_____ $____

Requirement 2:

Management is considering an activity-based costing system in which half of the overhead would continue to be allocated on the basis of direct labor-hours and half would be allocated on the basis of engineering design time. This time is expected to be distributed as follows during the upcoming year:

Rascon Parcel Total
Engineering design time (in hours) 3,000 3,000 6,000

Compute the unit product costs for the two products using the proposed ABC system. (Do not round intermediate calculation. Round your final answers to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

Rascon Parcel
Unit product cost $_____ $____

Reference no: EM13596980

Questions Cloud

Netpass company has 300000 shares of common stock : netpass company has 300000 shares of common stock authorized 270000 shares issued and 100000 shares of treasury stock.
The balance sheet for crutcher corporation reported 247000 : the balance sheet for crutcher corporation reported 247000 shares outstanding 300000 shares authorized and 20000 shares
On january 1 2010 cobee briant purchases a 200000 warehouse : on january 1 2010 cobee briant purchases a 200000 warehouse that he starts renting right away. on december 31 2010 he
The population consists of 2500 check requests the : sampling for attributes is often used to allow an auditor to reach a conclusion concerning a rate of occurrence in a
The companys manufacturing overhead costs for the year are : harrison company makes two products and uses a conventional costing system in which a single plant-wide predetermined
If the load factor could be increased to 75 percent how : springfield express is a luxury passenger carrier in texas. all seats are first class and the following data are
How are trust income taxed the trust in my question is : how are trust income taxed? the trust in my question is required to distribute all income currently and it had net
Anthony company sold madison company merchandise on account : anthony company sold madison company merchandise on account fob shipping point 210 net 30 for 20000. anthony prepaid
A company has a minimum required rate of return of 8 and : a company has a minimum required rate of return of 8 and is considered investing in a project that costs 68337 and is

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the break-even point in dollars under each of the

dousmann corp.s sales slumped badly in 2014. for the first time in its history it operated at a loss. the companys

  Accounting records reflecting the inventories

During 2010, $500,000 of raw materials were purchased, direct labor costs amounted to $600,000, and manufacturing overhead incurred was $480,000. If Carly Manufacturing Company's cost of goods manufactured for 2010 amounted to $1,390,000, its cost..

  The percentage of uncollectible sales is 15 percent of net

during 2014 deluca company had net sales of 5700000. most of the sales were on credit. at the end of 2014 the balance

  Apex chemicals company acquires a delivery truck at a cost

apex chemicals company acquires a delivery truck at a cost of 29564 on january 1 2010. the truck is expected to have a

  Credit memorandum for a short-term note

Accompanying the bank statement was a credit memorandum for a short-term note collected by the bank for the customer.

  You have read about the methods for allocating support

you have read about the methods for allocating support costs to supporting departments. offer at least two example

  Evaluate the risks to plastic dollars of programmed threats

amanda and chris mcdermott own a small business plastic dollars which produces and maintains stored value cards for

  Management believes that 5% of the units will be defective

On December 1, Diaz Company introduces a new product that includes a one-year warranty on parts. In December, 1,000 units are sold.

  On june 30 of the current year rural gas amp electric co

on june 30 of the current year rural gas amp electric co. issued 50000000 face value 9 percent 10-year bonds payable

  In its most recent financial statements newhouse inc

in its most recent financial statements newhouse inc. reported 50 million of net statement of income and 810 million of

  Peterman corporation uses different depreciation methods

peterman corporation uses different depreciation methods for accounting and tax purposes which result in a 60000

  Suppose your company paid 12000 in cash for its rent how

suppose your company paid 12000 in cash for its rent. how does this transaction impact the accounting

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