What is the predetermined overhead rate

Assignment Help Accounting Basics
Reference no: EM132943678

Question - A company estimates the following costs for flash drive production for the upcoming year:

Estimated overhead: $2,500,000

Estimated number of flash drives: 5,000,000

Actual overhead: $ 4,725,000

Actual number of flash drives: 6,300,000

Required - What is the predetermined overhead rate?

Reference no: EM132943678

Questions Cloud

Compute the depletion and depreciation : Extraction resumed in 2018 and total units extracted that year was 80,000 units. Compute the Depletion and Depreciation
What would go wrong if a company forgot to make : Explain a specific example illustrating what could/would go wrong if a company forgot to make adjusting entries before preparing its financial statements
Discuss problems related to distinguishing : Discuss problems related to distinguishing between a severance plan and an ERISA pension, along with ways to avoid this
Show the calculation to determine the cost of goods sold : Show the calculation to determine the cost of goods sold to be recorded in the Statement of Profit or Loss for the year ended 31 December 2019.
What is the predetermined overhead rate : A company estimates the following costs for flash drive production for the upcoming year: What is the predetermined overhead rate
Determine the net purchases to be recorded : Show the calculation to determine the net purchases to be recorded in the Statement of Profit or Loss for the year ended 31 December 2019.
Allocate the overhead costs to the products : Scorpion Corporation makes three products in its factory: hammers, wrenches, and saws. Allocate the overhead costs to the products
Show calculation to get total of net sales to be recorded : Show the calculation to get the total of net sales to be recorded in the Statement of Profit or Loss for the year ended 31 December 2019.
What the lowe should record accrued interest payable : The first payment for interest and principal was made on September 1, 2011. At December 31, 2011, what the Lowe should record accrued interest payable

Reviews

Write a Review

Accounting Basics Questions & Answers

  E11-15 on october 31 the stockholders equity section of

e11-15 on october 31 the stockholders equity section of omar company consists of common stock 600000 and retained

  Discuss about the metal shelf company standard cost

Metal Shelf Company's standard cost for raw materials is $4.00 per pound and it is expected that each metal shelf uses two pounds of material.

  Determine the current assets and current liabilites

determine the current assets and current Liabilites, The following information pertains to Wamser Company

  Complete the following schedule of cash payments

The partners of Clash Company have decided to liquidate their business. Noncash assets were sold for $125,000. The income ratios of the partners M. Jones, J. Strummer, and P. Simonon are 3:2:3, respectively.

  Find which would increase risk

Which Break-even analysis assumes over the relevant range that.? Variable costs are non-linear. Which of the following would increase risk?

  Prepare the journal entry to record the recall

On March 4, 2010, the Hein Corporation issues 1,000 shares of $100 par preferred stock for $125 per share. The stock is not callable by the corporation until three years have expired. On April 7, 2013, all the stock is called by the corporation.

  What effect did accounting for the note have on gannon

What effect did accounting for the note have on Gannon's net earnings for 2019, 2020, 2021, and its retained earnings at the end of 2021, respectively?

  Compute and interpret the contribution margin ratio

Top management is considering the purchase of a sophisticated robotic painting booth. Compute and interpret the contribution margin ratio under each approach

  Prepare the journal entry to record this payment

Prepare the journal entry for Prince's collection of $350,000 of the accounts receivable during the period from April 1, 2010, through June 30, 2010.

  You purchased a stock one year ago at a price of 55 per

you purchased a stock one year ago at a price of 55 per share. you have received quarterly dividends of .35 a share.

  Discuss the importance of accounting independence

Discuss the importance of accounting independence in accounting information systems. Give an example of where this concept is important.

  How much of the partnerships loss is allocated to alexandra

Alexandra and Brody are equal partners in the calendar year AB Partnership. On November 1 of the current year, Cory joined the partnership by making a $120,000.

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