What is the overhead cost assigned to job xy

Assignment Help Managerial Accounting
Reference no: EM132520805

The Kraig Corporation manufactures custom-made purses. The following data pertain to Job XY5:

Direct materials placed into production   $4,000

Direct labor hours worked                       50 hours

Direct labor rate per hour                        $15

Machine hours worked                        100 hours

Question 1: Plantwide overhead is applied using a plant-wide rate based on direct labor hours. Plantwide overhead was budgeted at $60,000 for the year and the direct labor hours were estimated to be 15,000. Job XY5 consists of 50 units. What is the overhead cost assigned to Job XY5

Reference no: EM132520805

Questions Cloud

How many loan payments must make before the loan : 9 percent compounded monthly.The loan payment is $196.99 a month. How many loan payments must you make before the loan is paid in full?
Does media help or hurt your understanding : What would be the danger of not having the press in terms of knowing about political issues that are of importance to us?
What are the phenotypic-genotypic ratios : What's the genotype of each bulldog and what are the phenotypic/genotypic ratios?
Election and voting and media assignment : Prepare a short write up about who the presidential candidates for 2020 are and what forms of media, including social media, that you are seeing.
What is the overhead cost assigned to job xy : $60,000 for the year and the direct labor hours were estimated to be 15,000. Job XY5 consists of 50 units. What is the overhead cost assigned to Job XY5
Choose a genetic traits : What are the possible social benefits of the issue? of choose your children genetic traits
Peer-reviewed criminal justice research : Explain a gap in understanding the findings in academic, peer-reviewed criminal justice research and practitioner policy development.
Ecologist would study about this interaction : The red-billed oxpecker is a bird that lives in the Savanna of Africa. These birds feed on ticks and are known to rest on the backs of large mammals
Guidance about homeland security : Does the Bible offer us guidance about homeland security in some way(s)?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Prepare a quality cost report for wallace communications ltd

There are different views of how quality can be managed. While a certain level of quality may be accepted, there is an argument to aim for the highest level of quality. Discuss these two views of "quality as cost" and "quality as value".

  Prepare the operating cash flow section of goodly

Prepare the operating cash flow section of Goodly's statement of cash flows using the indirect method.

  Solve the accounting rate of return and payback period

To be safe, Shah wants to see if it will be able to make their money back within the 20-year life span of the factory if production

  Compute the cost per equivalent unit for each product

Compute the cost per equivalent unit for each product cost category in Department Y for the month of February - calculate the cost of goods transferred to the finished goods store at the end of February from Department Y.

  Find monthly fixed support cost and variable support cost

Explain how analysis for requirement would change if new October data were received and machine hours were 1,650 and support costs were $24,000.

  What is the closest estimate of the ceramic forming activity

What is the closest estimate of the Ceramic Forming Activity rate? Mikaela's Art Gallery specializes in ceramics. Mikaela uses activity-based costing

  Find how much should the company be willing to pay

Find how much should the company be willing to pay for one additional minute of grinding machine time if the company has made the best use

  Explain why companies are concerned about the financial

Explain why companies are concerned about the financial viability of suppliers and customers.

  Major ethics systems

Major ethics systems (antinomianism, generalism, situationism, nonconflicting absolutism, conflicting absolutism

  The virgin brand entered the australian aviation market in

the virgin brand entered the australian aviation market in 2000 in competition with qantas and the other major airlines

  Record these transactions in general journal format

Record these transactions in general journal format assuming Apac uses the FIFO cost flow assumption and keeps perpetual records.

  Monitoring and managing the cash conversion cycle

Explain to management why monitoring and managing the cash conversion cycle is important to the overall profitability of the company.

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