User Account

All Pages

What lasso plant-wide factory overhead rate is

Assignment Help Accounting Basics
Reference no: EM132759737

Problem 1: Lasso Corp. budgeted P250,000 of overhead cost for 2019. Actual overhead costs for the year were P240,000. Lasso's plant-wide allocation base, machine hours, was budgeted at 50,000 hours. Actual machine hours were 40,000. Budgeted units to be produced are 100,000 units. Lasso's plant-wide factory overhead rate for 2019 is:

a. P1.25 per unit

b. P6.00 per machine hour

c. P6.25 per machine hour

d. P5.00 per machine hour

Reference no: EM132759737

Questions Cloud

Recruiting and staff plan : Discuss the legal landscape, including special legal considerations that the company should be aware of.
Determine the direct materials and conversion costs : The cost of direct materials transferred into the Filling Department of Lilac Skin Care Company is $20,250. Determine the direct materials and conversion costs
Leader personal and professional life : How does a future manager or future lead supervisor work to demonstrate a life that represents knowing when to take a reset period?
Determine the factory overhead rate for the year : Using the single plantwide factory overhead rate based on direct labor hours, determine the factory overhead rate for the year.
What lasso plant-wide factory overhead rate is : Actual machine hours were 40,000. Budgeted units to be produced are 100,000 units. Lasso's plant-wide factory overhead rate for 2019 is
Promote collaborations among clinical professionals : You would promote collaborations among clinical professionals, explain methods that encourage physician leadership in patient care enhancement,
What is the major risk facing jeff weiner in 2012 : What is the major risk facing Jeff Weiner in 2012?
Which is not a factory overhead allocation method : Which does not support managerial decisions involving accurate product costing? Which of the following is not a factory overhead allocation method?
What are the total equivalent units for conversion costs : The ending work in process inventory was 6,200 ounces (40% complete). What are the total equivalent units for conversion costs

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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