Work out factory overhead absorption rate

Assignment Help Accounting Basics
Reference no: EM13256516

The textile Products Ltd., has provided the following information about factory overhead costs and prodcuction level for the year 1988.

Normal Capacity 40,000units of product

Expected Actual Capacity 350,000 units of product

Fixed Expense: Rs.7,00,000

Variable expenses: Rs.2,00 per unit

Work out factory overhead absorption rate for both normal as well as expected actual capacity.

Reference no: EM13256516

Questions Cloud

Status offenders so troubling to juvenile justice experts : Why are status offenders so troubling to juvenile justice experts? Are these gateway activities that are symptomatic of real problems or are these simply behaviors that most kids engage in at that age? Should we be concerned about them?
What is the amplitude of the wave pulse : If Wave B's amplitude is instead -13.4 mm, what is the amplitude of the wave pulse formed while they are interfering
Explain the atmospheric gases nitrogen and oxygen : Nitric acid is often manufactured from the atmospheric gases nitrogen and oxygen, plus hydrogen prepared by reforming of natural gas, in a two-step process.
How can management practices speed collection of receivables : How can management practices speed the collection of receivables? Which management practices tend to slow the collection of receivables?
Work out factory overhead absorption rate : Work out factory overhead absorption rate for both normal as well as expected actual capacity.
What policy would you recommend an employer adopt : What policy would you recommend an employer adopt regarding use of criminal history in hiring decisions? Why? Would the policy differ according to the type of job in question, or the nature of the conviction? If so, how?
Balance sheet for sumi industries : Following is the 2006 balance sheet for Sumi Industries. Complete the balance sheet by using the information that follows it.
Recent advancements in engineering of hip implant materials : Discus recent advancements in engineering of hip implant materials and why these changes have been so critical to the success of the implants.
Find the stall current-max speed in rotations per minute : Find the stall current, max speed in rotations per minute (RPM), and armature current at a speed of 480.769 radian/s (4591.006 RPM). Discuss the relationship (if any) between the armature current at max speed

Reviews

Write a Review

Accounting Basics Questions & Answers

  Debited to construction expenditure

In late June, the Everest Construction Co. submitted a progress billing on a construction contract for $500,000. On July 2, the bill was approved for payment, subject to a five percent retention, as provided by the contract. The amount that should..

  Analyze the types of risks and rewards

Speculate which regulatory changes will be the top priority for management. Then, suggest a timetable in which management should start getting ready for the change.

  Computation of unit costs

Compute the unit cost for each department. Compute the total unit cost for the Milo Company order. The selling price for this order was $14 per unit. Was the selling price adequate? Compute the prime costs and conversion costs per unit for each depa..

  Business process level pattern for the conversion cycle

How is the business process level pattern for the conversion cycle similar to the business process pattern for the revenue cycle? How are the two patterns different?

  Considering a capital project

Cannon Company is considering a capital project that will return $100,000 each year for five years. At the company's hurdle rate of 10%, the present value of the annuity is $379,100. If the return on investment in the first year is $37,910, what i..

  Calculate the multifactor productivity composed of labor

Calculate the multifactor productivity composed of labor and capital units shipped plus finished goods for PCCorp. In place of fixed costs use (sales + finished goods)

  Percentage-of-completion method of accounting

A company used the percentage-of-completion method of accounting for a four-year contract. Which of the following items would be used to calculate the income recognized in the second year?

  Compute the weighted average number of shares

Compute the weighted average number of shares to be used in computing earnings per share for 2010.

  Pemdas order of operations in mathematics

Discuss the PEMDAS order of operations in mathematics. What is PEMDAS and why is important to follow it to the letter when conducting mathematical operations?

  What is the difference between the two

Two of the most common line items on an income statement are gross profit and net income. What is the difference between the two?

  Expected returns on assets and certainty equivalent

What is the expected return of this asset? What is Esperanza's expected utility? What is her certainty equivalent? Suppose that Esperanza can purchase insurance that guarantees her a return of $4900 regardless of the return on the asset.

  Preparing monthly cash budgets

The interest is computed based on the beginning balance of the loan for the month. The company has a cash balance of $20,000 and a loan balance of $40,000 at January 1. Prepare monthly cash budgets for each of the first three months of next year.

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