What was the overhead absorption rate per hour

Assignment Help Managerial Accounting
Reference no: EM133163513

Question - A finishing department absorbs production overheads using a direct labour hour basis. Budgeted production overheads for the year just ended were $268,800 for the department, and actual production overhead costs were $245,600. If actual labour hours works were 45,000 and production overheads were over-absorbed by $6,400, what was the overhead absorption rate per hour?

Reference no: EM133163513

Questions Cloud

Prepare general ledger accounts for all accounts : Prepare general ledger accounts for all accounts and post the journal entries from the general journal to the general ledger accounts
Explain the behavior within a company : Diagnose organizational systems that explain the behavior within a company before and after change.
Poorly implemented process in your work environment : A description of situation resulting from non-existent or poorly implemented process in your work environment. What tradeoffs and potential benefits are there
Why is seniority important in the workplace : Why is seniority important in the workplace? Why is seniority an important factor when making a collective bargaining agreement?
What was the overhead absorption rate per hour : If actual labour hours works were 45,000 and production overheads were over-absorbed by $6,400, what was the overhead absorption rate per hour
Data collection methods with data sources : List and explain 5 data sources AND 5 data collection methods that would be appropriate to do a Job Analysis for an Accounts Payable Clerk. Use the following fo
To ourselves and to our Lord and Savior Jesus Christ : Discuss this Scripture verse within the context of marketing management. Relate this to a specific for-profit brand or business organization of your choosing
Is profit inherently evil or can it exist in kingdom of God : Is profit inherently evil or can it exist in kingdom of God? Explain.Is there such a thing as unreasonable profits in your company or industry of interest?
Analysis of current promotional models in the market : create six sections for this part of the consultant's report: Analysis of Current Promotional Models in the Market. Analysis of Current Distribution Models

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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