What is the overhead incurred during the month

Assignment Help Accounting Basics
Reference no: EM132649038

Problem - York Company is a machine shop that estimated overhead will be $77,000, consisting of 7,000 hours of direct labor. The cost to make Job 0325 is $80 in aluminum and two hours of labor at $30 per hour. During the month, York incurs $40 in indirect material cost, $150 in administrative labor, $290 in utilities, and $240 in depreciation expense.

Required -

A. What is the predetermined overhead rate if direct labor hours are considered the cost driver?

B. What is the cost of Job 0325?

C. What is the overhead incurred during the month?

Reference no: EM132649038

Questions Cloud

Your independent and dependent variables : In addition, you should provide your independent and dependent variables. An example of this would be if your topic was about officer's health.
Define how motivation occurs in organizational behavior : Define how motivation occurs in organizational behavior. What are the similarities and differences between your leadership style and other leadership styles?
Calculate the equilibrium price and quantity of grasslands : To encourage increased growth of grasslands in the Animal Kingdom, their leader, Simba, is considering a subsidy for production of grasslands.
Explaining the major arguments for the existence of god : Explain which argument you find the most convincing and why. Then explain the problem of evil proposed by J.L. Mackie. Do you find the problem convincing?
What is the overhead incurred during the month : York Company is a machine shop that estimated overhead will be $77,000, consisting of 7,000 hours of direct labor. What is overhead incurred during the month
Determine the marginal product function : Consider the following short-run production function (where L = variable input, Q = output) Q = 6L2 - 0.4L3 (2 and 3 are not numbers, its like an exponent to L,
What is the returns to scale in industry : Here is the first line of data range: Output: 790 Labor-Skill: 3000 Labor Admin: 2100 Raw materials: 400 Energy: 2500
Prepare an income statement for Deloch first year : During the year, she paid $2,620 cash to replace a defective tuner. Prepare an income statement for Deloch's first year of operation
What place thinks would be required to establish alluded : What Place thinks would be required to establish the identity alluded to in 3. What does Place think these conscious mental states are?

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd