User Account

All Pages

Which allocation base would advise mister geppetto to use

Assignment Help Accounting Basics
Reference no: EM132778436

Pinocchio (a good friend of Mister Geppetto), thinks that overhead costs should be allocated based on direct labor hours. It takes 1 direct labor hour to produce a single wooden truck, and 2 direct labor hours to produce a single wooden tractor.

Problem a. Using direct labor hours to allocate overhead costs, what is the total cost of manufacturing the toy trucks? The toy tractors?

Problem b. Using direct labor hours to allocate overhead costs, what is the income from each order?

Problem c. Which allocation base would you advise Mister Geppetto to use? Why?

Reference no: EM132778436

Questions Cloud

Do we nurture boys differently from girls : 1. Do we nurture boys differently from girls? EXPLAIN 2. How do parents nurture boys?
What assumptions about the financial health of the business : What assumptions about the financial health of the business can you derive from the dividend policy? Would the dividend policy make you more or less likely
Name the two main layers of the skin : Name the two main layers of the skin. What are the main functions of (a) the basal (Malpighian) layer, (b) the cornified layer of the skin?
How do you feel when manager makes decisions unilaterally : To what extent should the state and unions be able to restrict managerial unilateralism? How do you feel when your manager makes decisions unilaterally?
Which allocation base would advise mister geppetto to use : Which allocation base would you advise Mister Geppetto to use? Why? Pinocchio (a good friend of Mister Geppetto), thinks that overhead costs should be allocated
Create memo to vice-president outlining the problems : Make memo to the Vice-President outlining the problems you have encountered in the past and how they could have been avoided
How you would convince your ceo to invest the money : Imagine that you are a staffing specialist in Vroom, a 10-year old company that manufactures toy cars. The cars are of high quality and receive a premium price.
When is the recognition date of group of insurance contract : Jan. 1, 20x2 and the first premium from a policyholder in the group is due Dec. 30, 20x2. When is the recognition date of the group of insurance contract issued
Is the risk worth it in order to send a message : Is the risk worth it in order to 'send a message' about acceptable social conduct? Do you agree with the arbitrator's decision in this situation? Why? Why not?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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