#### All Pages

Assignment Help Accounting Basics
##### Reference no: EM13155688

The Wood Furniture Company manufactures tables. In March, the two production departments had budgeted allocation bases of 4,000 machine hours in Department 100 and 8,000 direct manufacturing labor hours in Department 200. The budgeted manufacturing overheads for the month were \$57,500 and \$62,500, respectively. For Job A, the actual costs incurred in the two departments were as follows:

Department 100 Department 200
Direct materials purchased on account \$110,000 \$177,500
Direct materials used 32,500 13,500
Direct manufacturing labor 52,500 53,500
Indirect manufacturing labor 11,000 9,000
Indirect materials used 7,500 4,750
Lease on equipment 16,250 3,750
Utilities 1,000 1,250

Job A incurred 800 machine hours in Department 100 and 300 manufacturing labor hours in Department 200. The company uses a budgeted overhead rate for applying overhead to production.

Required:

a. Determine the budgeted manufacturing overhead rate for each department.

b. Prepare the necessary journal entries to summarize the March transactions for Department 100.

c. What is the total cost of Job A?

#### Analysis debate anastasi-urbina present brief debate notion

Item Analysis debate Anastasi and Urbina present a brief debate of the notion that using item analysis allows tests to be shortened while reliability and validity are improv

#### Payment cycle and the conversion cycle

Explain the most likely points of integration between the acquisition/payment cycle and the conversion cycle business process level models.

#### ?ngertip-to-?ngertip length of outstretched hands

In September 2007, two graduate students14 studying at the African Insti- tute of Mathematical Sciences (AIMS) in Muizenberg, South Africa, took the following measurements o

#### Review the income statement and indicate cost of goods sold

Compute the percentage increase or decrease and comment on the comparative financial condition of the company and  Review the income statement and indicate Cost of Goods Sol

#### What is the null and alternative hypothesis

In an effort to stabilize the process, there was some discussion about "those 3 machines."These 3 machines have an 'apparent' effect on the material thickness. What is the n

#### Computing free cash flow

During 2006, NICO Corporation had EBIT of \$100,000, a change in net fixed assets of \$400,000, an increase in net current assets of \$100,000, an increase in spontaneous curre

#### Cone appropriately uses the straight line method

On December 1, 2008, the Cone Company issued its 10%, \$2 million face value bonds for \$2.3 million, plus accrued interest. Interest is payable on November 1 and May 1. On Dece

#### Complete a master budget for foppi for the quarter

ACCT5384C Assignment. You are required to complete a master budget for FOPPI for the quarter ending December 2016, this will include the following budgets. Sales budget detai