Solution-What the budgeted manufacturing overhead rate

What the budgeted manufacturing overhead rate

Assignment Help Cost Accounting

Reference no: EM132792346

Question - Consider the following selected cost data for the Katharine Forging Company for 2006.

Budgeted manufacturing overhead 7,200,000

Budgeted machine-hours 200,000

Actual manufacturing overhead 6,500,000

Actual machine-hours 190,000

Katharine's job-costing system has a single manufacturing overhead cost pool. Costs are allocated to jobs using a budgeted machine-hour rate and actual machine-hours. Any amount of under- or over-allocation is written off to

Required -

1. What the budgeted manufacturing overhead rate?

2. What the journal entry for the allocation of manufacturing overhead will include a?

Reference no: EM132792346

Questions Cloud

How do prepare the journal entry to record depletion : Blue estimates that 5,000 tonnes of ore can be mined. Assuming that 840 tonnes are extracted in the first year, prepare the journal entry to record depletion.

Effects of witnessing domestic violence on a child : Why is it important to consider the age when a child is exposed to domestic violence?

Journalize the entry to record the payroll for the week : Journalize the entry to record the payroll for the week of June 17. The total amount withheld from employee wages for federal taxes was $30,000.

Key role in integrating supply chain processes : Supply chain management is instrumental as it pertains to marketing as marketing plays a key role in integrating supply chain processes

What the budgeted manufacturing overhead rate : Consider the following selected cost data for the Katharine Forging Company for 2006. What the budgeted manufacturing overhead rate

Describe the changes that occur in a child brain : Describe the changes that occur in a child's brain and nervous system during this time frame and the corresponding changes in cognition, problem solving

What is the incremental benefit to sebastian enterprises : Buy the 21077 units of XYZ it needs annually from Division A. What is the incremental benefit to Sebastian Enterprises if an internal transfer takes place

At what amount will accounts receivable be shown : Sales are collected as follows: 20% in the month of sale; In Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown

Important components dealing with business management : This first course assignment has you demonstrate the applications of the important components dealing with business management.

User Account

All Pages

What the budgeted manufacturing overhead rate

Reference no: EM132792346

Reference no: EM132792346

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT