User Account

All Pages

What amount of overhead was applied to production

Assignment Help Accounting Basics
Reference no: EM131772839

Question - Predetermined OH rate

Langston Automotive Accessories applies overhead using a combined rate for fixed and variable overhead. Th e rate is 250 percent of direct labor cost. During the fi rst three months of the current year, actual costs incurred were as follows:

Direct Labor Cost Actual Overhead

January $180,000 $440,000

February 165,000 420,400

March 170,000 421,000

a. What amount of overhead was applied to production in each of the three months?

b. What was the underapplied or overapplied overhead for each of the three months and for the first quarter?

Reference no: EM131772839

Questions Cloud

Tell me about bill mckibben : How does Sociology help us to (1) better understand how our own society functions, (2) re-evaluate stereotypes.
Tactics of the four sub processes of bargaining : Discuss the purposes and tactics of the four sub processes of bargaining?
Distinction between common use and the statistical use : Use this example to discuss the importance of making the distinction between the common use and the statistical use of the word significant.
Explain the standard grievance and arbitration process : Explain the standard grievance and arbitration process including the types of grievances and the role of the arbitrator.
What amount of overhead was applied to production : Langston Automotive Accessories applies overhead using a combined rate for fixed and variable overhead. What amount of overhead was applied to production
Arizona communications will design and set-up a call center : Arizona Communications will maintain and service the equipment and software to ensure smooth operations of the call center for an annual fee
Prepare the bank reconciliation : Do you think the same person who receives cash payments should also prepare the bank reconciliation? Give at least one reason to support your answer.
Communication skills and interaction skills : What are the similarities and differences between communication skills and interaction skills that a business analyst must use to facilitate solution.
Develop and implement procedures : Develop and implement procedures and or/improvements to help Wal-mart in their supply chain security?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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