Estimated direct labor-hours at the beginning of the year

Assignment Help Accounting Basics
Reference no: EM13259649

At the beginning of the year, manufacturing overhead for theyear was estimated to be $250,860. At the end of the year, actualdirect labor- hours for the year were 20,800 hours. The acutalmanufacturing overhead for the year was $245,860, and themanufacturing overhead for the year was underapplied by $10,280. If the pre-determined overhead rate is based on direct labor-hours,the the estimated direct labor -hours at the beginning of theyear used in the predetermined rate must have been:

Reference no: EM13259649

Questions Cloud

What is the number of moles in the tank : A 16 cm-diameter compressed-air tank is 70cm tall. The pressure at 30 degrees C is 130 atm. What is the number of moles in the tank
Predetermined overhead rate question : The estimated manufacturing overhead at the beginning of the year used in predetermined overhead rate must have been:
How do you sort through the data : Think about salary information for a minute. With the access to technology today, many employees do salary research on their own. At times though?
Calculate temp at which there is a 1 percent probability : The fermi energy level for a particular T = 300K is 6.25 eV. The electrons in this material follow the Fermi-Dirac distribution function. (a) Find the probability of an energy level at 6.50 eV being occupied by an electron.
Estimated direct labor-hours at the beginning of the year : If the pre-determined overhead rate is based on direct labor-hours,the the estimated direct labor -hours at the beginning of theyear used in the pre determined rate must have been:
Explain what is the value of ka for this acid : A 0.15 M solution of Chloroacetic acid has a pH of 1.86. What is the Value of Ka for this acid
How far is the second dark spot from the central bright spot : Light with a wavelength of 525 nm passes through a single slit that is 35 micro meters wide. On a screen that is 1.5 m away, how far is the second dark spot from the central bright spot
Depreciable asset : When a depreciable asset is sold:
What is pheasant-s current e and p : Incalculating its taxable income for the year, Pheasant claimed an$8,000 deduction for the organizational expenses. What is Pheasant's current E & P?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discounted value of the note receivable

SDD has also developed a second software package. They incurred development costs of $500,000. They are trading this software package in exchange for a small office building. The fair market value of this building is $675,000. Use $285,000 as the ..

  Break-even point and targeted profit

Since break-even focuses on making zero profit, is it of value in determining how many units must be sold to make a targeted profit? if so, what is it. I'm struggling to understand this. Examples would be great as references.

  Gain or loss from disposition of the real estate

Straight-line depreciation of $162,000 had been taken on the building. What is the amount and initial character of the gain or loss from disposition of the real estate? Is any of the gain unrecaptured § 1250 (25%) gain?

  What is the total manufacturing costs assigned to job

Weaver Company's predetermined overhead rate is $18.00 per direct labor-hourand its direct labor wage rate is $12.00 per hour.

  Translating foreign subsidiary income statements

When translating foreign subsidiary income statements using the current rate method why are some accounts translated at an average rate?

  Consolidated financial statements of a us parent

Are you familiar with any foreign income tax planning strategies that are utilized by some multinational corporations? Do you know of any of the intricacies of how foreign income taxes impact the consolidated financial statements of a US parent?

  Manufacturing overhead budget by quarters

For Savage Inc. variable manufacturing overhead costs are expected to be $20,000 in the first quarter of 2005 with $2,000 increments in each of the remaining three quarters. Fixed overhead costs are estimated to be $35,000 in each quarter. Prepare..

  Formulating your opinion regarding commercial paper

Formulate your own opinion on the proper treatment for the $5,000,000 commercial paper based on your reading in the text. Explain how you think the item should be reported and give text pages to support your conclusions.

  Calculate the depreciation for the trucks

Calculate the depreciation for these trucks for the 2010 and 2011 years under each of the following depreciation methods. The trucks are expected to accumulate 60,000 and 70,000 miles in years 2010 and 2011 respectively.

  Balance sheet and income statement for the year

Indicate the affect of the misstatement on Gentry Supplies Company's balance sheet and income statement for the year ended December 31, 2009.

  What is the minimum acceptable selling price of material

what is the minimum acceptable selling price of material L to the company that could use material L in its own production process?

  What is annes annual after-tax rate of return

Anne's marginal income tax rate is 30 percent. She purchases a corporate bond for $10,000 and the maturity, or face value, of the bond is $10,000. If the bond pays 5 percent per year before taxes, what is Anne's annual after-tax rate of return fro..

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