Reference no: EM132864846
Question - Industries' cost accountant is preparing the budget reports at the end of the year. At the beginning of the year the manufacturing overhead budget was set for $1,600,000. 60% of this budget is for the Assembly department and 40% is for the Finishing department.
The budgeted allocation bases are as follows:
Assembly department: 40,000 direct labour hours Finishing department: 64,000 machine hours
The following actual figures were taken from the company records at the end of the year:
Assembly department: 42,000 direct labour hours $996,000
Finishing department 62,800 machine hours $670,000
What is the ending balance in the manufacturing overhead account in the Assembly department and is it over- or underapplied?
|
Find balance of accounts receivable in the general ledger
: Sales for October are $24,000, for November $26,000 and December $28,000. Find balance of Accounts Receivable in the general ledger
|
|
Which form of market efficiency is violated
: Your best friend has concluded from examining past price behaviour. If your friend is correct, which form of market efficiency is violated?
|
|
Calculate the cost of equity using dividend discount model
: Floyd Industries stock has a beta of 1.2. The company just paid a dividend of $0.90, Calculate the cost of equity using the dividend discount model method.
|
|
Evaluate efficiency of balloons aloha sequencing system
: Suggest short-term recommendations for the set of six jobs at the company. Evaluate the efficiency of Balloons Aloha's sequencing system.
|
|
What is the ending balance in the manufacturing overhead
: What is the ending balance in the manufacturing overhead account in the Assembly department and is it over- or underapplied
|
|
What is the journal entry on jan to record the cash received
: Instead of borrowing on a short-term note, What is the journal entry on Jan. 1 to record the cash received and on Dec. 31 to record the annual payment?
|
|
Find the cost assigned to the units in the ending work
: Materials $2215500; Conversion costs $3171300. Find the cost assigned to the units in the ending work in process inventory on April 30
|
|
Basic functions of management
: Research, identify and discuss the four basic functions of management. Also, explain which function you feel is most important and why.
|
|
Compute a confidence interval for the population mean
: Compute a confidence interval for the population mean using ‘pen, paper and tables' and by using R - compute a confidence interval
|