What is overhead rate at capacity as a percentage of wages

Assignment Help Accounting Basics
Reference no: EM132504684

Question - Company A expects to pay 124,000 in wages this year. In recent years, wages have ranged from a low of 86,000 to a high of 170,000 while the average was 135,000. Overhead costs have been largely fixed at 945,000 in recent years. What is the overhead rate at capacity as a percentage of wages?

Reference no: EM132504684

Questions Cloud

Prepare journal entries on the books of producers limited : Construction materials on hand in opening inventory used $23,000. Prepare journal entries on the books of Producers Limited to record these transactions
What amount would be shown for accounts receivable : What amount would be shown for accounts receivable in the balance sheet at 30 June 2019? Show the general journal entries required to write off the bad debts
What is the expected cost of unused capacity this year : Company C is interested in using rates at capacity to better understand its costs of unused capacity. What is the expected cost of unused capacity this year
What is the actual overhead rate as a percentage of wages : In recent years, wages have ranged from a low of 96,000 to a high of 180,000 while the average was 130,000. What is the actual overhead rate as a percentage
What is overhead rate at capacity as a percentage of wages : Overhead costs have been largely fixed at 945,000 in recent years. What is the overhead rate at capacity as a percentage of wages
Make general journal entries to record the transactions : Prepare general journal entries to record the above transactions and the depreciation journal entries required at the end of each reporting period up to 30 June
Determine the amount of deficiency : Ayayai Corporation, having recently issued a $20,009,700, 15-year bond issue, Determine the amount of deficiency
What rate of interest is being paid on the loan : Bridgeport Company purchased a machine at a price of $92,800 by signing a note payable, what rate of interest is being paid on the loan
Calculate the amount of expenses Katie may deduct : If the studio is not a hobby, the calculate the amount of expenses Katie may deduct, and explain how she may report the income and expenses on her tax return

Reviews

Write a Review

Accounting Basics Questions & Answers

  Preparing a process explanation

Question 1: In preparing a process explanation, the step of __________ forms the basis (backbone) of the process explanation and aids in designing visuals.

  Alternative minimum taxable income

Abbygail, who is single, had taxable income of $120,000 for 2015. She had positive AMT adjustments of $35,000; negative AMT adjustments of $16,000; and tax preference items of $45,000.

  The statement of cash flows using the indirect method

Prepare the operating activities section of the statement of cash flows using the indirect method.

  What is the amount of outstanding checks at end of november

In the month of November, Crane Company Inc. wrote checks in the amount of $9, 440. What is the amount of outstanding checks at the end of November?

  Book value of equity aquired and value implied

Prepare a computation and allocation schedule for the difference between book value of equity aquired and the value implied by the pruchase price.

  Worthington company purchased a machine on january 1 2008

worthington company purchased a machine on january 1 2008 for 3600000. at the date of acquisition the machine had an

  Compute cost of goods sold

Junky Auto Supplies began operations in 2012. Compute Cost of Goods Sold for 2014 and ending inventory as of Dec 31, 2014 (number of units and$)

  What is goal incongruence

What is goal incongruence? How can an organization use its management control system to reduce the likelihood of having goal incongruence

  Calculate the Medicare tax for the weekly pay period

Caleb Griffin's filing status is married filing jointly, and he has earned gross pay of $3,300. Calculate the Medicare tax for the weekly pay period

  What savings are associated with your recommendation

Make a recommendation as to whether the company should purchase or manufacture the part. What savings are associated with your recommendation as compared.

  Give lori advice about how to handle her tax dispute

Lorry could argue the matter with the agent, an IRS Appeals officer, or the Tax Court. Give Lori advice about how to handle her tax dispute

  How should wallah record this transaction

Wallah Company agreed to accept $5,000 in cash along with an $8,000, 90-day, 13.5% note from customer, How should Wallah record this transaction

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