Austin company uses a job order cost accounting system the

Assignment Help Accounting Basics
Reference no: EM13583529

Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $5,510,000 (290,000 hours at $19/hour) and that factory overhead would be $1,590,000 for the current period. At the end of the period, the records show that there had been 270,000 hours of direct labor and $1,290,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead allocation rate?

Reference no: EM13583529

Questions Cloud

Products should be designed to meet customer needs at a : what is the basic premise of target costing?customers are generally willing to pay for whatever companies design so
During its most recent fiscal year simon enterprises sold : during its most recent fiscal year simon enterprises sold 290000 electric screwdrivers at a price of 17.70 each. fixed
Krusty co uses a capital intensive production process and : krusty co. uses a capital intensive production process and allocates maintenance costs to the three producing
A production departments output for the most recent month : a production departments output for the most recent month consisted of 11500 units completed and transferred to the
Austin company uses a job order cost accounting system the : austin company uses a job order cost accounting system. the companys executives estimated that direct labor would be
A company is trying to decide whether to keep or drop the : a company is trying to decide whether to keep or drop the sporting goods department in its department store. if the
Voorhees company has stockholders equity of 395900 and net : voorhees company has stockholders equity of 395900 and net income of 66900. it has a payout ratio of 12 and a return on
Sm press company manufactures books the company is trying : sm press company manufactures books. the company is trying to decide whether to print the individual pages in-house the
Hn inc produces and sells 40000 units of a single product : hn inc. produces and sells 40000 units of a single product eye drops. variable costs total 80000 and fixed costs total

Reviews

Write a Review

Accounting Basics Questions & Answers

  Disbursements on the cash budget

The excess or deficiency of cash available over disbursements on the cash budget is calculated as follows:

  The treasury stock purchased in above question was resold

chen inc. purchases 1000 shares of its own previously issued 5 per common stock for 12000. assuming the shares are held

  Net realizable value of receivables-financial statements

The practice of reporting the net realizable value of receivables in the financial statements is commonly called:

  Prepare the manufacturing staffs calculations

Prepare the manufacturing staffs calculations for the three alternatives:    In addition to reducing costs, the new technology proposed for the greenfield plant would increase  rnanufacturing flexibility, which would enable eTI to respond more quic..

  How much of the refund if any must l a and paula include in

l. a. and paula file as married taxpayers. in august of this year they received a 5200 refund of state income taxes

  Find variable overhead spending variance for month

Suski Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). What was the variable overhead spending variance for the month?

  How much advertising use if cost of producing is given

Sales amount is 20000; 29000;37000;44000; or 50000 (resp). How much advertising would you use if the cost of producing the item is $23.60 per item?

  Case study of micro chip corporation

Micro Chip Corporation (MCC) has a special PO Box for customer payment. Jane is responsible for: going to the post office every day, emptying the post office box, opening the mail, making a prelist, sending the remittance advices to accounts recei..

  Prepare a partial balance sheet for the company at

on december 31 2997 the company has 7m of short term debt inthe form of notes payable to the bank due in 2008. on

  Cost of goods in process and finish goods inventory

How do you compute total cost of goods in process/finish goods inventory?

  Average daily census and occupancy rate and average length

average daily census and occupancy rate and average length of stay example original examplescenario that demonstrates

  If the total fixed cost and the contribution margin per

if the total fixed cost and the contribution margin per unit of product are given explain how to compute the number of

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