What is the total amount of factory overhead to be allocated

Assignment Help Accounting Basics
Reference no: EM132759754

Problem 1: The Nite Lite Factory produces two products - small lamps and desk lamps. It has two separate departments - finishing and production. The overhead budget for the finishing department is P550,000, using 500,000 direct labor hours. The overhead budget for the production department is P400,000 using 80,000 direct labor hours. If the budget estimates that a desk lamp will require 1 hours of finishing and 2 hours of production, what is the total amount of factory overhead to be allocated to desk lamps using the multiple production department factory overhead rate method with an allocation base of direct labor hours, if 26,000 units are produced?

a. P540,000

b. P300,000

c. P400,000

d. P288,600

Reference no: EM132759754

Questions Cloud

What total amount should be considered as owner-occupied : What total amount should be considered as owner-occupied property and included in property, plant and equipment in the consolidated statement
Journalize the cost of transferred-in materials : The Filling Department had a beginning inventory of $2,200. Journalize the cost of transferred-in materials, the conversion costs
Writing a description of enterprise risk management : Please summarize, in your own words, a description of enterprise risk management. Why do you feel ERM is different from traditional risk management?
Health maintenance organization : Elaborate on the difference between an HMO and an accountable care organization (ACO).
What is the total amount of factory overhead to be allocated : What is the total amount of factory overhead to be allocated to desk lamps using the multiple production department factory overhead rate method
Activity involved in making-obtaining your beverage : Did you make it yourself or did you buy it? Draw a detailed process map illustrating the activity involved in making/obtaining your beverage.
Determine how much factory overhead will be allocated : Determine how much factory overhead will be allocated to the small lamp production if the actual production for the period is 108,000 units?
How are cloud service providers are improve cloud security : How are Cloud service providers are Improve cloud security in the present situation and what are the companies expecting on better cloud security.
Contemporary Issues in Healthcare : What lifestyle choices did the Framingham heart study find related to the impact of disease? What about the Alameda County study?

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