User Account

All Pages

What the overhead rate based on direct labor hours is

Assignment Help Cost Accounting
Reference no: EM132739023

Problem 1: If annual overhead costs are expected to be P1,000,000 and 200,000 total labor hours are anticipated (80% direct, 20% indirect), the overhead rate based on direct labor hours is

A. P6.25 C. P25.00

B. P5.00 D. P4.00

Reference no: EM132739023

Questions Cloud

Compute the spending variance for x products inc : P41,500 flexible budget based on standard input allowed for actual output, P2,500 favorable flexible budget variance. Compute the spending variance
Calculate the earnings per share under each alternative : Issue an additional 200,000 shares of common stock and Common stock currently outstanding: 100,000 shares. Calculate earnings per share under each alternative
Find what the fixed overhead budget variance was : A P25,000 unfavorable variable overhead spending variance, and P12,000 total overapplied overhead. The fixed overhead budget variance was
Adapt to future of criminal justice : How will management need to adapt to the future of criminal justice? What is the importance of decision making in this need to adapt?
What the overhead rate based on direct labor hours is : Expected to be P1,000,000 and 200,000 total labor hours are anticipated (80% direct, 20% indirect), the overhead rate based on direct labor hours is
What leadership theory would best benefit your agency : What leadership theory would best benefit your agency? What leadership theory can cause issues with your agency?
Discuss audit procedures that should have brought the item : For each of the above events or transactions, discuss audit procedures that should have brought the item to the auditor's attention, and indicate.
How many actual labor hours were worked during march : How many actual labor hours were worked during March for STA Company? Standard hours allowed for actual production 10,000 hours
How many direct labor hours were actually worked : How many direct labor hours were actually worked during the month of January? Standard hours allowed for actual production 1,500

Reviews

Write a Review

Cost Accounting Questions & Answers

  What is the budgeted cash payment for purchases of primer

A 2019 cash budget is being prepared for the purchase of Primer, What is the 2019 budgeted cash payment for purchases of Primer?

  Calculate the costs of products

Which are the costing methods that can be used to calculate the costs of products? Direct materials, direct labour and factory overheads cost is closed off

  What does the credit rating say to an investor

Why does the bank charge more interest for one company than another and what does the credit rating say to an investor?

  Q1 rno companys market for the model 55 has changed

q1. rno companys market for the model 55 has changed significantly and rno has had to drop the price per unit from 265

  How do companies account for each of the categories

There are three ways of classifying units that have been reworked. What are those classifications and how do companies account for each of those categories?

  Make the necessary adjusting entries

Make the necessary adjusting entries - the equipment has an estimated useful life of nine years and a salvage value of $1,000. Depreciation is calculated using the straight-line method.

  What is the cost of the truck in rich castillo company

Rich Castillo Company incurs the following expenditures in purchasing a truck: cash price $30,000, accident insurance $2,000, sales taxes $2,100, motor vehicle license $100, and painting and lettering $400. What is the cost of the truck?

  What entries should be made after each game

Helena University sold 9,000 season football tickets at $100 each for its five-game home schedule. What entries should be made.

  How find what is contribution margin ratio

What is its contribution margin ratio? A company's product sells for birr 150 and has variable costs of birr 60 associated with the product.

  Effects of the previous transactions

Show the effects of the previous transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year.

  Solve the margin earned serving the local commercial market

Solve the margin earned serving the local commercial market. (Remember, this company has no direct materials or direct labor costs.)

  How should he treat the 2013 interest expense

George is unsure how he will treat the interest paid on the $20,000 loan. In 2013, George paid $1,200 interest expense on the loan. For tax purposes, how should he treat the 2013 interest expense?

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