What is the predetermined factory overhead rate

Assignment Help Accounting Basics

Reference no: EM133474984

Case: Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in process on February 1. During the month of February, the company worked on these three jobs:

During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed and remain in Work-in-Process at the cost of $298,650 at the end of the month. Actual factory overhead costs during the month totaled $61,000.

Required:

Question 1. What is the predetermined factory overhead rate? (per direct labor dollar)

Question 2. Compute the amount of underapplied or overapplied overhead for February.

Reference no: EM133474984

Questions Cloud

Definition of Macaulay duration : Give the definition of Macaulay duration and explain when this will be equal to the maturity of a bond. What other types of duration are you aware of?

How arrests by the police impact the criminal court process : Discuss the criminal justice wedding cake. Discuss how arrests by the police impact the criminal court process. What is discovery in a court case?

What are your overall thoughts on the content of the article : What are your overall thoughts on the content of the article? - From your point of view, is one theoretical perspective better to use than the other

What impact if any does this knowledge now make : What are some things from chapter 15's discussion of additional influences that you didn't know? What impact if any does this knowledge now make

What is the predetermined factory overhead rate : What is the predetermined factory overhead rate and Compute the amount of underapplied or overapplied overhead for February

How does framing health disparities influence the creation : How does framing health disparities influence the creation of successful interventions? - How might the research's conclusions be used to address health problem

What were your initial thoughts on hu project with regards : What were your initial thoughts on Hu's project with regards to Sociological Intervention? - Describe Touraine's action sociology/sociological interventions

Which coso framework have been more likely to curtail fraud : What guidance can you provide to CAOs who need to interact with Podlucky or some other CEO who behaved as Poducky had done? What special skills would such

Hedge exchange exposure : Glovy is concerned with the volatile exchange rate between ringgit and the dollar and would like to hedge exchange exposure.

User Account

All Pages