User Account

All Pages

What would be the rates for Departments A

Assignment Help Cost Accounting
Reference no: EM132791626

AMR Corp. currently uses a firm-wide overhead application based on expected direct labor hours. The following information is anticipated at the beginning of the year.

                                  Department A                Department B
Direct materials         P 25.00/1b.                   P 17.00/1b.
Direct labor hours          10,000                          5,000
Machine hours                  2,000                    10,000
Overhead                    P115, 000                  P85, 000
Labor rate                    P 15.00/hr              P 12.00/hr

Problem 1: If the firm maintains the current method, the overhead application rate is:

a. P 7.67/hr
b. P11.50/hr
c. P13.33/hr
d. P20.00/hr

Problem 2: If departmental rates were adopted, what would be the rates for Departments A (Based on direct labors hours) and B (based on machine hours)

             A              B
a. P11.50          P 8.50
b. P11.15          P17.00
c. P57.50          P 8.50
d. P57.50         P17.50

Reference no: EM132791626

Questions Cloud

Determining the dimensions of quality : Describe what the eight dimensions of product quality are and provide a brief example of each.
What is operations-supply chain management : What is operations & supply chain management? What are some cool jobs that involve O&SCM?
What is sensual under-or overapplied manufacturing overhead : What is sensual' under-or overapplied manufacturing overhead? Sensual Scents, Inc. uses job-order cost system with machine hours as the overhead base.
Develop the objective function : Esiason Oil makes two blends of fuel by mixing oil from three wells, one each in Texas, Oklahoma, and California. The costs and daily availability of the oils a
What would be the rates for Departments A : If departmental rates were adopted, what would be the rates for Departments A (Based on direct labors hours) and B (based on machine hours)
How forecasting can help you to be successful in business : Assume that you want to start a garment business. Now, how the forecasting can help you to be successful in that business?
Develop a model for the total cost to put on the seminar : a) Develop a model for the total cost to put on the seminar. Let x represent the number of students who enroll in the seminar.
Components of the triple bottom line : Search the internet for a company that claims to use sustainable business practices. Describe its practices.
What the budgeted sales revenue based on the expected number : G Corporation produces push-button switches,What the budgeted sales revenue based on the expected number of pieces of push-button switches to be sold in 200B is

Reviews

Write a Review

Cost Accounting Questions & Answers

  Define what is her taxable income

The plan will pay her $1,500 per month based on her life expectancy of 22 years. In 2007, Myra receives twelve $1,500 payments. What is her taxable income

  Support recommendation to board of directors

As the company accountant you must give the necessary information to support your recommendation to Board of Directors.

  How the manager can use abc to analyse a company

Calculating product costs. But ABC has emerged as a tremendously useful guide to management action that can translate directly into higher profits. Discuss.

  Intermediate corp has asked for your assistance with their

intermediate corp. has asked for your assistance with their earnings per share evaluation for the year ended 12312012.

  What is the average level of inventory at a single store

What is the average level of inventory at a single store? Across the chain? What other benefits will the company obtain from increasing the order frequency?

  Compute the percentage of completion on the contract

It should be noted that included in the above costs incurred to date were standard electrical and mechanical materials stored on the job site, but not yet installed, costing $105,000. These costs should not be considered in the costs incurred to d..

  What were total direct manufacturing costs incurred for may

What is Chelsea Containers' predetermined overhead rate and what was the total cost of beginning Work in Process Inventory - what were total direct manufacturing costs incurred for May?

  Compute the following for the month of june

The controller at Emporia Precision Parts asks for your help in sorting out some cost information. She is called to a meeting, but hands you the following information for June.

  Merchandise inventory account

Determine that sales revenue during the year was $1,500,000 - Give the amounts for the items in the Merchandise Inventory account.

  Determine total amount of manufacturing overhead

Determine the total amount of Manufacturing overhead and Product costs - Knight Company reports the following costs and expenses in May.

  How will work provide some examples under the other method

How will work provide some examples under the other method? If a company paid some amount of money for advertisement of two products

  Find amount of direct materials backflushed from rip to fgi

Find Amount of conversion costs included in COGS for the month of May. Find Amount of direct materials backflushed from RIP to FGI?

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