What is the total manufacturing overhead rate

Assignment Help Managerial Accounting
Reference no: EM132903965

Question - A company makes two products 1 and 2. The finishing activity pool has estimated manufacturing costs of $94,080 and the cost drivers for Product 1 is 200 and 500 for Product 2. The assembling activity pool has estimated costs of $55,973 and the cost drivers for Product 1 is 350 and 275 for Product 2. Direct labor hours for Product 1 is 478 and 243 for Product 2. What is the total manufacturing overhead rate to be used under traditional cost accounting?

Reference no: EM132903965

Questions Cloud

What is the effect of the lease on the lessor earnings : Incremental costs of consummating the lease transaction Incurred by the lessor were $23,000. What is the effect of the lease on the lessor's earnings
Is vulnerability and threat assessment : Is a vulnerability and threat assessment a technical undertaking only, or should it consider other factors?
What is the yield to maturity of this bond : Company XYZ's callable bonds have a face value of $1,000 with 7% coupon rate (semiannual payment) What is the yield to maturity of this bond
Occurrences of fibonacci sequences in nature : Define, mathematically, the Fibonacci sequence. Find and post four occurrences of Fibonacci sequences in nature.
What is the total manufacturing overhead rate : Direct labor hours for Product 1 is 478 and 243 for Product 2. What is the total manufacturing overhead rate to be used under traditional cost accounting
E-commerce-order handling or inventory management : Discuss possible classes that might be used in a distributed application, such as e-commerce, order handling or inventory management.
Prepare journal entry to record the payroll expense : Paradise Hills Berry Farm has 25 employees who are paid biweekly. Prepare Journal entry to record the payroll expense
Develop an annual operating budget : Develop an annual operating budget using accrual accounting for the shelter in order to show its expected profit or loss
Create java application called ratecalculator : Create a Java application called "RateCalculator." In this application, create a custom class named "Calculator."

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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