User Account

All Pages

What was the under applied or over applied overhead for the

Assignment Help Finance Basics
Reference no: EM13986082

Cabot Corp. is a job lot manufacturer. The budget for the month of May calls for 7,000 direct labor hours to be worked. Budgeted overhead is $84,000 with a predetermined rate of $12 per hour. Overhead is applied based on actual direct hours worked. Actual direct hours were 7,200 and actual overhead spending was $83,000. 

What was the under applied or over applied overhead for the month of May? Over applied is shown as a negative number.

Reference no: EM13986082

Questions Cloud

Where is the vertical velocity the greatest : Where is the vertical velocity the greatest? Where is the greatest horizontal velocity? Where is the vertical velocity least? What is the name of the curve called that the ball travels?
Determine the maximum hight of the ball during its flight : Determine the maximum hight of the ball during its flight. Will the ball hit the fence? if so, how far below the top of the fence will it hit? If not, how far above the top of the fence will it pass?
Find revenue from seignorage if monetary base triples year : Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a stock of unintermediated capital worth 10 million goods. Fiat money is..
Trenton worked on four jobs during its first year : Trenton worked on four jobs during its first year of operation: nos. 401, 402, 403, and 404. A review of job no. 403's cost record revealed direct material charges of $40,000 and total manufacturing costs of $50,000. If Trenton applies overhead at 15..
What was the under applied or over applied overhead for the : Cabot Corp. is a job lot manufacturer. The budget for the month of May calls for 7,000 direct labor hours to be worked. Budgeted overhead is $84,000 with a predetermined rate of $12 per hour. Overhead is applied based on actual direct hours worked. A..
What is the simple payback period : The going aircraft corportation is manually producing a certain subassembly at a direct labor cost of $100,000 per year. Annual maintenance for the automated system will be $10,000, and its market (salvage) value will be $7000 at any time in the futu..
Estimate the within-stratum variances : Using the strata you constructed, draw a stratified random sample using proportional allocation. Explain how you calculated the sample size to be drawn from each stratum. Using the stratified sample you selected with proportional allocation, estim..
Map of indifference curves and a budget constraint : Given a map of indifference curves and a budget constraint, show how a demand curve for a particular good can be obtained. Given a map of indifference curves and a budget constraint, show how an income-consumption curve for a particular good is obtai..
Financial statements prepared by certified public accountant : The HOA board has asked you to provide an opinion on Pennypacker's question. Would you recommend a full audit or a nonaudit attestation service? Explain why.

Reviews

Write a Review

Finance Basics Questions & Answers

  Briarcrest condiments is a spice-making firm recently it

briarcrest condiments is a spice-making firm. recently it developed a new process for producing spices. the process

  Which of the following is true of arguments for dividend rel

Which of the following is true of arguments for dividend relevance? Investors are generally risk averse and attach less risk to current dividends than future dividends or capital gains. A firm's value is determined solely by the earning power and ris..

  Determine one share of stock worth today

Dry Goods is expected to pay yearly dividends of 1.15 , 1.20 and 1.35 a share over the next 3 years, respectively. After that the dividend is expected to increase by 2.5 percent yearly.

  How many shares will be repurchased how many shares will

bayani bakerys most recent fcf was 48 million the fcf is expected to grow at a constant rate of 6. the firms wacc is

  Assume you are an analyst evaluating mesco company the

assume you are an analyst evaluating mesco company. the following data are available in your financial analysis unless

  Given the following cash flows for four projects calculate

given the following cash flows for four projects calculate the net present value using a discount rate of 12 a year.

  Explain the three alternative current operating assets

Explain the three alternative current operating assets financing policies in details. In your opinion, what is the best strategy for management with regard to financing current operating assets? Does the answer vary by industry? Does the answer vary ..

  The maturity risk preuim is estimated to be 005 xt-1 where

the real risk-free rate is 3.nbsp inflation is expected tobe 3 this year 4 nexy year and 3.5 thereafter.nbsp the

  Find the dollar amount of each payment

Jan sold her house on December 31 and took a $10,000 loan as part of the payment. The ten year mortgage has a 10 percent nominal interest rate, but it calls for semiannual payments starting next June 30.

  Explain why it is necessary to understand the time value

explain why it is necessary to understand the time value of money. give some examples of how you would use the concept

  Limit risk exposure through using forward contract

Describe how a firm's management can limit risk exposure through using  the forward contract. What sorts of forward contracts are available?

  What is the number of shares that must be sold to obtain

shares to be sold. simon corporation has 800000 common shares outstanding. the capital budget for the upcoming year is

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