Solution-Under applied or over applied overhead

Under applied or over applied overhead

Assignment Help Accounting Basics

Reference no: EM13973963

Cabot Corp. is a job lot manufacturer. The budget for the month of May calls for 7,000 direct labor hours to be worked. Budgeted overhead is $84,000 with a predetermined rate of $12 per hour. Overhead is applied based on actual direct hours worked. Actual direct hours were 7,200 and actual overhead spending was $83,000. What was the under applied or over applied overhead for the month of May? Over applied is shown as a negative number

Reference no: EM13973963

Questions Cloud

Do you think that more bandwidth availability would change : Do you think that more bandwidth availability would change the way that you currently use the network connection you have at work?

Craft company produces a single product : Craft Company produces a single product. Last year, the company had a net operating income of $80,000 using absorption costing and $74,500 using variable costing.

Case write up-an evil plot to destroy the world : This is a case write up. You need to read the case frist. And in the write up, you need to answer the following question. What do you recommend and why

Ethics should play a large role in decision-making process : Identify the stakeholders and consider the situation from their point of view. For example, consider the point of view of the company's employees, top management, stockholders, customers, suppliers, and community

Under applied or over applied overhead : Actual direct hours were 7,200 and actual overhead spending was $83,000. What was the under applied or over applied overhead for the month of May? Over applied is shown as a negative number

Deanne company produces a single product : DeAnne Company produces a single product. The company's variable costing income statement for August appears below:

How valuable is patent protection for a product innovation : This is a case write up. You need to read the case frist. And in the write up, you need to answer the following question. What do you recommend and why? Case- How Valuable is Patent Protection for a Product Innovation

What advantage does a full-wave rectifier circuit : Connect the 100 μF capacitor in parallel with the load resistor. Measure VLOAD, the peak-to-peak ripple voltage, and the ripple frequency as before. Capture screenshots. Tabulate all gathered data and compare the results with and without the filte..

Description of the quality issue : Milestone One must include a brief history of the company, a description of the quality issue, and your rationale for choosing this company

User Account

All Pages

Under applied or over applied overhead

Reference no: EM13973963

Reference no: EM13973963

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT