What the predetermined factory overhead rate

Assignment Help Financial Accounting
Reference no: EM133066487

Question - Thomlin Company forecasts that total factory overhead for the current year will be $12,540,000 with 165,000 total machine hours. Year to date, the actual overhead is $6,935,000, and the actual machine hours are 95,000 hours. What the predetermined factory overhead rate based on machine hours?

Reference no: EM133066487

Questions Cloud

What are the total manufacturing costs incurred : Cost of goods manufactured amounts to $275,000. What are the total manufacturing costs incurred in the current year
Three types of claims : The national elections are near. Your sister, who just turned 18 last month, does not want to register as voter. How are you going to convince her to register?
Negotiate new managed care contracts : What strategies are used to negotiate new managed care contracts?
How do you think wireframing helps : How do you think wireframing helps in managing the Information Architecture of a website or app? Give some examples of an app or website that you use frequently
What the predetermined factory overhead rate : The actual overhead is $6,935,000, and the actual machine hours are 95,000 hours. What the predetermined factory overhead rate based on machine hours
Calculate future price : In Zimbabwe the rate of inflation hit 90 sextillion percent in 2009, with prices increasing tenfold every day.
Why do you think that low fidelity prototyping saves time : Why do you think that low fidelity prototyping saves valuable time for teams early in the design process?
Benefits and disadvantages of decentralized price : What are benefits and disadvantages of decentralized price setting within organization/firms. Please provide sources
What advice would you give mnm : Employees of MNM Corporation are about to undergo a retraining program. Management is trying to determine which of three programs is the best.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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