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Question 1: One of the cost centres in a factory is involved in the final stage of production. Budgeted fixed overhead costs for the cost centre for a period were: Apportioned costs $74,610 Allocated costs $98,328. A predetermined machine hour rate is established for the absorption of fixed production overhead into product cost. Budgeted machine hours for the cost centre in the period were 1,900.Actual overheads allocated and apportioned in the period were $173,732. Actual machine hours in the period were 1,950. The over/under absorption of fixed overhead is:
Option A. $3,757 under absorbed
Option B. $3,757 over absorbed
Option C. $794 over absorbed
Option D. $794 under absorbed
The company budgeted making4,800units at3.5hours each with$924,000of VOH.The company actually produced3,000units. What was the actual VOH?
If DeCesare buys from Peach it will be able to save $10 per unit in fixed costs but continue to incur the remaining $80 per unit. Should DeCesare accept Peach's offer? Explain
Calculate total cost transferred to the finished goods inventory, also calculate the total cost of the ending Work in Process inventory
Compute the markup on cost of goods sold.Cost of Goods Sold 80% ,Selling and administrative expenses $11,000,Revenues $200,000
Waupaca Company establishes a $ 350 petty cash fund on September 9. On September 30, the fund shows $ 104 in cash along with receipts
What is the shareholder's basis in the property received?What is the amount of the shareholder's dividend income on the distribution?
What price should be set for the product? Which of the prices evaluated above would the company as a whole most prefer?
Mellow Co. depreciates a $12,000 asset over five years, using the straight-line method with no salvage value. At the beginning of the fifth year.
It has 800 million shares of common stock outstanding, and its stock price is $32 per share. What is Jaster's market/book ratio?
Prepare a multiple-step income statement for 2012. Assume that 60,000 shares of common stock are outstanding - Prepare a retained earnings statement for 2012
Calculate the projects annual free cash flow (FCF) for each of the next five years, where the firms tax rate is 35% - What is the projected NPV for the investment?
The 2007 and 2008 balance sheets for Alan Jack and Sons showed net accounts receivable of $10,000 and $14,000, respectively, and inventory of $8,000 and $6,000, respectively. Their 2008 income statement showed net sales of $109,500 and cost of goo..
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