User Account

All Pages

What the amount of direct materials charged to job no

Assignment Help Managerial Accounting
Reference no: EM132761617

Problem 1: Marion Company uses a job costing system. The WIP inventory on December 31, 2015, consisted of Job No. 175 with a balance of $53,400. Job No. 175 has been charged with manufacturing overhead of $16,000. Marion allocates manufacturing overhead at a rate of 80% of direct labor cost. The amount of direct materials charged to Job No. 175 was:

Option 1: $24,600.00
Option 2: $20,000
Option 3: $17,400
Option 4: $7,400

Reference no: EM132761617

Questions Cloud

Calculate the real cost of the loan : Khopotso wants to purchase a townhouse to the amount of R500 000, and made a down payment of R125 000. She manages to secure a loan at an interest rate.
Record the entry for the purchase of the bond : Record the entry for the purchase of the bond, the December 1 interest payment and amortization, as well as any year-end entries required.
What the annual savings for alatiris : If the firm increases its average age of inventory by 10 days and reduces its average age of receivable by 12 days, the annual savings is
Find the operating cash flow each year : A store will cost $750,000 to open. Variable costs will be 50% of sales and fixed costs are $190,000 per year. The investment costs will be depreciated.
What the amount of direct materials charged to job no : Marion allocates manufacturing overhead at a rate of 80% of direct labor cost. The amount of direct materials charged to Job No. 175 was
Compute the number of units transferred to assembly : QualCo manufactures a single product in two departments: Cutting and Assembly. During May, the Cutting department completed a number of units of a product.
How many payments were reduced : 7 years ago a fixed rate mortgage for $ 100,000 was issued which would fully amortize monthly in 20 years. The contract rate was 8%. Refinancing costs $3,000.
Find how much do need to deposit at the beginning : Find How much do you need to deposit at the beginning of each year in the next 10 years to accumulate the $ 75,000 if you can earn 10% per annum
What february cash disbursements for manufacturing overhead : Polich Corporation, What February cash disbursements for manufacturing overhead on the manufacturing overhead budget should be

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!

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