What was total cost of job if bond industries used

Assignment Help Financial Accounting
Reference no: EM13129778

Bond Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $20 per machine hour, while the Sanding Department uses a departmental overhead rate of $15 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments:

Actual results Assembly Department Sanding Department
Direct labor hours used 4 3
Machine hours used 9 5

The cost for direct labor is $25 per direct labor hour and the cost of the direct materials used by Job 542 is $1,200.

What was the total cost of Job 542 if Bond Industries used the departmental overhead rates to allocate manufacturing overhead?

Reference no: EM13129778

Questions Cloud

How cost is combined amount of all the other cost : This cost remains constant overall volume levels within the productive capacity for the planning period. This cost is combined amount of all the other costs.
Cash receipts from all current and prior credit sales : Projected sales for December, January, and February are $60,000, $85,000 and $95,000, respectively. The February expected cash receipts from all current and prior credit sales is ?
Explanation of convergence tests : Using one of the tests for convergence (comparison, limit, integral, nth term, etc.), show whether the following series converges or diverges:
Explain how that characteristic may be exploited : Describe how top-down and bottom-up methods of threat/fault analysis can be used in identifying assets relevant to a scenario. You do not need to be exhaustive but do enough of the analysis to demonstrate you understand the processes.
What was total cost of job if bond industries used : The cost for direct labor is $25 per direct labor hour and the cost of the direct materials used by Job 542 is $1,200. What was total cost of Job 542 if Bond Industries used the departmental overhead rates to allocate manufacturing overhead?
Volume of solid revolving by cylindrical shell method : Let f and g be the functions given by f(x) = 1 + sin(2x) and g(x) = e^(x/2). Let R be the shaded region in the first quadrant enclosed by the graphs of f and g.
Internal auditor of a small rural bank : You are an internal auditor of a small rural bank with 3 branches. The bank's customers are mainly farmers. The bank is a publicly traded corporation (OTC) and qualifies under the Sarbanes-Oxley Act of 2002 (SOX) regarding financial reporting requ..
Explain tests that you would perform to test the correctness : Explain tests that you would perform to test the correctness of pricing of raw materials, work in progress, and finished goods. Determine the amount of projected population misstatement based on your sample.
Illustrate do you agree with the shop computation : The shop manager further explained that the shop was working overtime to “catch up a little” on its backlog of repairs, but it still needed to maintain a “decent” profit margin on the technician’s time. Illustrate do you agree with the shop’s comp..

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