Using a plantwide allocation system with machine hours as

Assignment Help Accounting Basics
Reference no: EM13597449

X Company has two production departments, A and B. At the start of the year, the following budgeted information is available:

Department A
Overhead $7,300,000
Direct labor hours 40,000
Machine hours 120,000

Department B
Overhead $2,100,000
Direct labor hours 50,000
Machine hours 130,000

The following information is for two specific jobs, Job 111 and Job 222, that were completed during the year:
Department A Department B
Job 111
Direct labor hours 842 164
Machine hours 1,040 820
Job 222
Direct labor hours 488 567
Machine hours 1,270 730

Using a plantwide allocation system with machine hours as the cost driver, what is the allocation to Job 222 (round overhead rates to the nearest cent and your answer to the nearest dollar)?

Using a departmental allocation system with machine hours as the cost driver in Department A and direct labor hours as the cost driver in Department B, what is the allocation to Job 222 (round overhead rates to the nearest cent and your answer to the nearest dollar)?

Reference no: EM13597449

Questions Cloud

Hoi chong transport ltd operates a fleet of delivery trucks : hoi chong transport ltd. operates a fleet of delivery trucks in singapore. the company has determined that if a truck
Pursuant to a complete liquidation in the current year : pursuant to a complete liquidation in the current year oriole corporation distributes to samantha land held for four
The company had no beginning inventories of any kind on : cole laboratories makes and sells a lawn fertilizer called fastgro. the company has developed standard costs for one
Leeds architectural consultants uses a job-order costing : leeds architectural consultants uses a job-order costing system and applies studio overhead to jobs on the basis of
Using a plantwide allocation system with machine hours as : x company has two production departments a and b. at the start of the year the following budgeted information is
Current assets are 70000 noncurrent asset are 150000 : current assets are 70000 noncurrent asset are 150000 current liabilities are 40000 and long-term liabilities are
Record depreciation for two months on the computer software : record depreciation for two months on the computer software and equipment bought in transaction 13 and 14. assume
Bozeman corporation manufactures a single product monthly : bozeman corporation manufactures a single product. monthly production costs incurred in the manufacturing process are
Finally tasty has 500 hibiscus plants as of june 30 2012 : finally tasty has 500 hibiscus plants as of june 30 2012. the accumulated costs are 10 per plant and tasty does not

Reviews

Write a Review

Accounting Basics Questions & Answers

  New equipment was purchased for 59000 with payment made as

prepare a statement of cash flows indirect method in good form for lynch foundries inc. for 2014.information in

  The bank account as a control device that helps to protect

the bank account as a control device that helps to protect cash. one of the requirements is to conduct periodic bank

  Reduce heavy strain on the button

When attaching a button on a man's overcoat, you can best reduce heavy strain on the button by reinforcing the button with

  When fixed overhead is allocated to product the greater the

many accounting writers have emphasized the effect that the allocation of fixed overhead can have on managerial

  Break even time clarkson companys research and development

break even time. clarkson companys research and development department is presenting a proposal for new product

  Inventory sole proprietorship to a public charity

Armando contributed some inventory from his sole proprietorship to a public charity for its use. On the date of the contribution, Armando's basis in the inventory $2,000 and the fair market value was $5,000.

  X company a merchandiser prepares annual financial

x company a merchandiser prepares annual financial statements. during the year the company had the following

  Schaefer organic farms purchased a new tractor at a cost of

schaefer organic farms purchased a new tractor at a cost of 80000. annual operating cash inflows are expected to be

  Lake prairie company uses a plantwide overhead rate with

lake prairie company uses a plantwide overhead rate with machine hours as the allocation base. next year 120000 units

  Please explain how the effective interest method of

please explain how the effective interest method of accounting for bonds differs from the straight-line method. please

  Flexible budget and a static budget

Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets?

  What type of research was being conducted

What type of research was being conducted and why do you think it failed to make an accurate prediction?

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