User Account

All Pages

Predetermined overhead rate to the nearest cent

Assignment Help Accounting Basics
Reference no: EM13122393

A company expected its annual overhead costs to be $900,000 and direct labor costs to be $1,000,000. Actual overhead was $870,000, and actual labor costs totaled $1,100,000. How much is the company's predetermined overhead rate to the nearest cent?

a. $0.87

b. $0.79

c. $0.90

d. $0.82

Reference no: EM13122393

Questions Cloud

Explain how organizational design : Explain how organizational design (geographic, functional, customer-based, product, service, hybrid, matrix, marketing channels and departmentalization) help to determine which structure best suits our organizations needs?
How many liters of o2 are needed : How many liters of O2 are needed to react completely with 45.0L of H2S at STP? 2H2S(g) + 3O2(g) -> 2SO2(g) +2H20(g)
Illustrate what is the net present value of this property : Assuming the required rate of return is 14% for investments with this degree of risk; illustrate what is the net present value of this property if the purchase price is $28,000 today?
What is the expected value of the game : Tom and Jim decided to play the following game for points. A single die is rolled. If it shows a non-prime number, Tom receives points equal to two times the number of dots showing
Predetermined overhead rate to the nearest cent : A company expected its annual overhead costs to be $900,000 and direct labor costs to be $1,000,000. Actual overhead was $870,000, and actual labor costs totaled $1,100,000. How much is the company's predetermined overhead rate to the nearest cent..
Relationship between points and a line : By a line, a great circle on the sphere is referenced. Is it still true that two points determine a unique line? Is it still true that two distinct lines either meet in a single point or do not meet at all?
Calculate amount of 10.00% acetic acid you will need to add : Calculate the amount of 10.00% acetic acid you will need to add to 100.0 mL of your milk in order to bring the final acidity to 1.00% acetic acid.
Explain the differences among intensive-selective market : Explain the differences among intensive, selective and exclusive market exposure and explain how they affect the three basic types of promotions.
Automobile manufacturer wants to select four employees : In order to test a new car, an automobile manufacturer wants to select 4 employees to test drive the car for one year. If 12 management and 8 union employees volunteer

Reviews

Write a Review

Accounting Basics Questions & Answers

  Finding correct consolidated statements

Giant produces consolidated financial statements to combine the two companies. Which of the following statements is correct about these consolidated statements?

  Expense in the statement of activities

The infrastructure has a basis of $400 million and would be depreciated over a 40 year life, if depreciation were charged. The amount that would be shown as expense in the Statement of Activities would be:

  Compare annual reports

With respect to the three reports in comparison: Income Statement, Cash Flow Statement, and Balance Sheet how can I "zero" in, or in laymen's terms, do an efficient comparison.

  Prepare adjusting entry and find balance in prepaid rent

Prepare the adjusting entry for December 31 st  to reflect the amount of rent expense consumed. What is balance in prepaid rent on December 31 st  after the adjusting entry has been made?

  Determining disposal of machine

A company purchased and installed a machine on January 1, 2004 at a total cost of $72,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The machine was disposed of on July 1, 2007.

  Reallocation of fixed costs

If a division is reporting losses, does that necessarily mean that it must be closed? Was the reallocation of the fixed costs across divisions unethical?

  Identify cost-variable-fixed-mixed

Describe a variable, fixed, mixed and step cost in an organization. Would this organization be more likely to benefit from using a manufacturing cost hierarchy or a customer cost hierarchy for determining cost drivers?

  Incremental unlevered net income

Sheppard industries evaluating a proposal expand current distribution facilities. Management projected produce cash flows years (in millions)

  Analyze tax implications for star corporation

Analyze the tax implications for the following case study. Apply the IRS codes to calculate a corporation's net operating loss based on net income. Support your conclusions with reference to specific IRS codes and regulations.

  Federal estate tax system

Many states base their estate tax laws on the federal tax system. Since the end of 2004 some states have decoupled from the federal estate tax.

  Convergence and concept framework project

Give an explanation of how the convergence and the Concept Framework Project impacts accountants. Explain at least one benefit and one drawback of the convergence of IASB and FASB.

  Characteristic of management accounting

The reason of the marketing idea is to rivet the attention of marketing managers on serving broad classes of requires supplier employee partner customer.

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