What the amount of overhead applied in Forming Department

Assignment Help Accounting Basics
Reference no: EM132823021

Question - Stoke Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:

Forming Assembly

Machine-hours 20,000 15,000

Direct labor-hours 2,000 7,000

Total fixed manufacturing overhead cost $138,000 $58,100

Variable manufacturing overhead per machine-hour $2.30

Variable manufacturing overhead per direct labor-hour $3.00

During the current month the company started and finished Job A460. The following data were recorded for this job:

Job A460: Forming Assembly

Machine-hours 80 10

Direct labor-hours 30 50

What the amount of overhead applied in the Forming Department to Job A460?

A) $184,000.00

B) $184.00

C) $736.00

D) $664.00

Reference no: EM132823021

Questions Cloud

How much was the reduction in the bond conversion privilege : The bonds were selling at 91 without the conversion feature. How much was the reduction in the bond conversion privilege at retirement date?
Health and safety management system : Develop a tool for reviewing one area of a health and safety management system.
How much is the gain or loss on extinguishment : On May 30, 2021 the bonds were retired for P1,030,000. How much is the gain or (loss) on extinguishment (Use negative sign if loss)?
Explain the main purpose of the flsa 1938 : Explain the main purpose of the FLSA 1938 and list the three main provisions of this legislation.
What the amount of overhead applied in Forming Department : During the current month the company started and finished Job A460. What the amount of overhead applied in Forming Department
Compute the carrying amount of accounts receivable of ricca : Compute the carrying amount of accounts receivable of Ricca Company. On Jan. 01, 2021 Ricca Company's accounts receivable balance is P75,000.
Examine the major influences that organizational culture : Examine the major influences that organizational culture can have on organizational ethical decision making.
What would be the total tax on the million of branch : If the United States provided no mechanism for mitigating double taxation, what would be the total tax (U.S. and foreign) on the $2.5 million of branch profits?
What are total liabilities and total assets of partnership : What are the total liabilities and total assets of the partnership after formation and how much is the capital recorded to Medwin and Roselyn?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Theory about discrete vs. continuous

Suppose the grading for a course project can only have 7 possible outcomes; 100, 90, 80, 70, 60, 50, and 0. Let the random variable X be the scores on the project. Suppose X has the following distribution:

  What is the estimated raw materials inventory balance

Morganton Company makes one product and it provided the following information. What is the estimated raw materials inventory balance at the end of July?

  Find how is the cost of a lump-sum purchase allocated

Find how is the cost of a lump-sum purchase allocated to individual assets acquired? Provide a simple example of how the allocation would be performed

  What is the incremental after-tax net income

Vandelay Industries uses full absorption for both book and tax purposes. What is the incremental after-tax net income for the business line

  What is the cost of goods sold

On August 20, three units were sold. Using the last in, first out (LIFO) method, what is the cost of goods sold (COGS)

  Viking voyager specializes in the design and production of

viking voyager specializes in the design and production of replica viking boats. on january 1 2012 the company issues

  What amount of sales in units must cummings generate

If variable cost are $12 per unit and fixed cost total $150,000, what amount of sales in units must Cummings generate in order for president to receive a bonus?

  Prepare appropriate journal entries for Moore Corporation

June 30, 2021- Machinery with a cost of $1,080,000. Prepare the appropriate journal entries for Moore Corporation for the above dates

  Discuss any financial reporting issues relating to CIBC

Discuss any financial reporting issues relating to CIBC 2003 and 2017 financial statements. Use the conceptual framework for the analysis

  Compute the ending inventory

Compute the ending inventory, assuming that (a) gross profit is 48% of sales, (b) gross profit is 60% of cost

  Maddox specialty company a division of lost world inc

maddox specialty company a division of lost world inc. manufactures three models of gear shift components for bicycles

  What are the four substantive procedures for abc

What are the 4 substantive procedures for ABC? For each audit procedure, be clear in the type of procedure e.g. tracing, vouching, observing, scanning

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