What would the total manufacturing costs for the year be

Assignment Help Managerial Accounting
Reference no: EM132999230

Problem 1: Brunello Inc. is a zinc plating company and is attempting to calculate their total manufacturing costs for the previous year. By the end of the year, Brunello had applied MOH of $145,000 and actual MOH of $150,000. If Direct Materials costs were $170,000 and Direct Labour costs were $85,000, what would the total manufacturing costs for the year be on December 31st?

A. $295,000.

B. $400,000.

C. $550,000.

D. $395,000.

E. Cannot be calculated without Work-in-process inventory values.

Reference no: EM132999230

Questions Cloud

Determine the size of the replacement payment : Two? debts, the first of ?$1300 due nine months ago and the second of ?$2000 borrowed two year ago for a term of five years at 3.8?%
Process of discounting to determine present values : Compare the process of compounding to determine future values and the process of discounting to determine present values.
Difference between actual vs applied manufacturing overhead : Which is NOT a cause of differences between actual and applied manufacturing overhead? The use of a predetermined overhead rate treats overhead costs
What is the expected rate of return on a stock : The risk-free rate of return is 1.7 percent, the inflation rate is 2.1 percent, and the market risk premium is 6.9 percent. What is the expected rate of return
What would the total manufacturing costs for the year be : If Direct Materials costs were $170,000 and Direct Labour costs were $85,000, what would the total manufacturing costs for the year be on December 31st?
Why are most of the volume for stock index futures : Why are most of the volume for stock index futures concentrated in the near contract?
What is japan profit : Q1. Suppose Japan imports pharmaceutical products from the US and have $61 million payment due in 9 months. The current annual borrowing and lending rate of $ i
How would managers best interpret the outcome : How would managers best interpret this outcome? At the end of April, the manufacturing overhead clearing account for Owens Company had a debit balance.
What is the npv for project a : Today's date is January 1, 2015 and Wei needs some advice. Project A has cash flows of $89 starting at the beginning of this year (i.e. today), and continuing o

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