What was the amount of overhead allocated to product a

Assignment Help Financial Accounting
Reference no: EM132505958

Question 1: The Romanowksi Manufacturing Company uses a plant wide overhead rate to allocate overhead with direct labor hours as its cost driver. The budgeted direct labor was $750,000 with an hourly rate of $25. The budgeted overhead spending was $3,000,000. During the first month of the year, Romanowski manufactured 100 pieces of product A using 2,500 direct labor hours. What was the amount of overhead allocated to Product A?

Option A. $210,000

Option B. $62,500

Option C. $225,000

Option D. $250,000

Reference no: EM132505958

Questions Cloud

Find a possible explanation of the is : A company has an unfavorable spending (flexible budget) variance for direct materials. Find A possible explanation of this is,The company made more units
Prepare presentation on physical protections for database : Need a 12 slide presentation on Physical protections for your database. A thousand-word document summary on the same. Maintain single spaces in the document.
Calculate the theoretical ex-split price of a share : ATH has declared a five-for-one share split. If the current pre-split price of a share is $40, calculate the theoretical ex-split price of a share.
Difference between logical and physical system models : Sometimes people have a hard time understanding what we as programmers do. Why certain things can't be done and why other things that seem complex are actually.
What was the amount of overhead allocated to product a : Romanowski manufactured 100 pieces of product A using 2,500 direct labor hours. What was the amount of overhead allocated to Product A?
Describe the ideas and stance on such issues : Network defense can be a tricky item to deal with; there are threats that reside both internal and external to a given organization. Hence, while there are.
What is an internal consultant : What is an internal consultant? How does an internal consultant differ from an external one and Kenton, Moody, & Taylor present a "new model" for internal
Find the break-even point in units will : Fixed costs are $40,000. If the sales price increases by $2 and all the other costs remain unchanged, the break-even point in units will
What annual rate of return did aunt mary earn : Your Aunt Mary recently, She found out that the painting is now worth $50,000. What annual rate of return did Aunt Mary earn on this painting?

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