User Account

All Pages

What amount of indirect costs will be allocated

Assignment Help Managerial Accounting
Reference no: EM132603494

Gregory Enterprises has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year:

Cost Pool                               Overhead Costs                 Cost driver                Activity level

Supervision of direct labour           $320,000                  Direct labour hours           800,000

Machine maintenance                    $120,000                     Machine hours            960,000

Facility rent                                 $200,000                       Square metres of area   100,000

Total overhead costs                     $640,000

The accounting records show the Mossman Job consumed the following resources:

Cost driver Actual level

Direct labour-hours 200

Machine-hours 1,600

Square metres of area 50

Question 1: If Gregory Enterprises uses a simple cost system based on direct labour hours then what amount of indirect costs will be allocated to the Mossman job?

Reference no: EM132603494

Questions Cloud

Define ways to improve system development productivity : Discuss the various ways to improve system development productivity. Your answer must be substantive, which usually requires 400 - 500 words or more.
What account and amount would the lessor company debit : If this lease is properly categorized as an Operating Lease for Owl Co., what account and amount would the lessor company debit
General data protection regulation : Compare the revised General Data Protection Regulation (GDPR) to European Union (EU) laws related to personal data protection,
Understanding of equipment : What you think the impact would be based on your understanding of equipment used to support Internet access such as switches and routers.
What amount of indirect costs will be allocated : Explain If Gregory Enterprises uses a simple cost system based on direct labour hours then what amount of indirect costs will be allocated to the Mossman job?
Presentation for qualitative research project : Presentation for Qualitative Research Project, How has Covid-19 impact the elementary school and how the students satisfied about remotely learning.
Record the two journal entries that should be recorded : Record the two journal entries that should be recorded by Buffalo Company for the two purchases on January 1, 2020
Describe the physical security compliance measure : Choose one applicable physical security compliance measure and discussion is regulatory implications. You must use at least one peer-reviewed scholarly.
Determine whether or not the contract should be accepted : Use net present value analysis to determine whether or not the contract should be accepted. (Round all calculations to the nearest dollar.)

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!

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