What the direct-labor related overhead rate

Assignment Help Accounting Basics
Reference no: EM133041106

Question - A company estimates that total overhead will be $272,500. Of the overhead, $92,500 consists of machine-related costs and the balance is direct labor-related costs. They expect to work 15,000 labor hours and use 4,000 machine hours. Assuming the company uses two-stage cost allocation, what the direct-labor related overhead rate?

Reference no: EM133041106

Questions Cloud

What is the maximum profit your portfolio can achieve : If the price of one share of LOSE stock at the end of three months is greater than its current price, what is the maximum profit your portfolio can achieve
Describe what the auditor responsibility is : If Taylor engages a valuation specialist, describe what the auditor's responsibility is if the work of the specialist will be used as audit evidence
Determine the company deferred tax balance for the year : Determine the company's deferred tax balance for the year ended December 31, 2020, showing the supporting workings
Record the journal entries for the two share transaction : The company repurchased and cancelled a further 475,000 shares at a cost of 63 per share. Record the journal entries for the two share transaction in 2021
What the direct-labor related overhead rate : Of the overhead, $92,500 consists of machine-related costs and the balance is direct labor-related costs. What the direct-labor related overhead rate
What will be the price of these bonds : The yield to maturity on similar A bonds is 11 percent. What will be the price of these bonds if they receive either an A or aAA rating
Construct a cash budget for february and march : 1. Vertical Ladder Company (VLC) forecasts that its sales for January through April will be P 60,000, P 70,000, P 90,000, and P 80,000, respectively.
How much interest expense will be paid on august : he mortgage entailed equal monthly payments of $3,000 at the end of each month. The interest rate is 5% per year. How much interest expense will be paid on Augu
Establishing positive culture in fire service organization : Theres an importance of a positive culture in the fire service organization when it comes to accepting and implementing a community risk reduction (CRR) program

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the adjusting entries based on the reconciliation

conlin companybank reconciliationoctober 31 2010cash balance per

  How much revenue should be reflected in the fiscal year

Big Blue University has a fiscal year that ends on June 30. How much revenue should be reflected in the fiscal year ended June 30, 2019

  How much would be allocated to its customers

If Pharmax uses an activity-based costing system to allocate its overhead costs, how much would be allocated to its Ma & Pa customers

  What is the net total dollar advantage of purchasing

If the parts were purchased from the outside supplier, What is the net total dollar advantage (disadvantage) of purchasing the part rather than making it

  Calculate the break-even point in units

Calculate the break-even point in units if KK Company uses the: Capital-intensive manufacturing method and Labor-intensive manufacturing method

  What is the entry to record the expiration

What is the entry to record the expiration of 10% of the options on December 31, 2020

  Calculate the free cash flow for each year

Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters.

  Determine the cost per equivalent unit of conversion

Dorchester uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion

  What is the reference value of hughes new rubber gloves

If Hughes uses a penetration strategy to price these new rubber gloves, give an example of a price that would fit that strategy. Explain your answer.

  Compute the net cash provided by investing activities

Dividends paid to preferred stockholders $493000 and Purchases of treasury stock 1160000. Compute the net cash provided by investing activities

  Determine the maximum income from operations

Battonkill Company, operating at full capacity, sold 176,600 units at a price of $81 per unit during 2010. Determine the maximum income from operations possible

  What is the purpose of the adjustment

Prior to recording the sale, Prevatt adjusts the carrying value of its investment. What is the purpose of the adjustment

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