Overhead budgets for 2011., Cost Accounting

Atkinson's Reliable Tools makes two products that use similar raw materials: #587Q and #253X. Estimated production needs for a unit of each product follows.
#587Q #253X
Steel (in pounds) 3 5
Wood (in board feet) 0.5 0.2
Direct Labor (in hours) 2 3
Machine Hours 0.5 0.7

Estimated sales in units by product for 2011 are 80,000 of #587Q and 30,000 of #253X. Additionally, estimated beginning and desired ending inventory quantities for 2011 are as follows:

Beginning Ending
#587Q (units) 800 640
#253X (units) 1200 900
Steel (in pounds) 2000 1400
Wood (in board feet) 800 600

Overhead is applied to production at the rate of $15 per machine hour and the direct labor wage rate is 10.50 per hour. Prepare the production, purchases, direct labor, and overhead budgets for 2011.

 

Posted Date: 2/19/2014 12:12:23 AM | Location : United States







Related Discussions:- Overhead budgets for 2011., Assignment Help, Ask Question on Overhead budgets for 2011., Get Answer, Expert's Help, Overhead budgets for 2011. Discussions

Write discussion on Overhead budgets for 2011.
Your posts are moderated
Related Questions
Why are the main contribution teams can make to an organisation? What are the conditions necessary in organisations if people are to work effectively in teams? * Describe what tea

The Pacific Manufacturing Company operates a job-order costing system and applies overhead cost to jobs on the basis of direct labor cost. Its predetermined overhead rate was based

material ledger card.following transactions affecting material No115-8 occurred during march 1992. march 1 balanced on hand 500 gallons@Rs.20 per gallon maech 2 received 1200 gall

Below find production and sales information for Herrestad Company. We will use this same company for all the SLPs in this course.  Product information

Evaluate the discounted mean term (DMT) of a bond redeemable at $120 nominal in 15 years time with annual coupons of 7% (based on a nominal bond of $100) at interest rates of 6% ,

Current assets 180.00   232.00 Less: Current Liabilities 80.00   105.00 Working Capital

the folloeing job order cost sheets were purchased for three jobs that were in production during january job 97 job 98 job 99 material


Find Out the Memorandum Reconciliation Account The givens are the final accounts of a company for the year ending on date 31st December 1999. Manufacturing Trading Loss and Pr

Managers need financial information to help them make decisions, communicate important information about their organization, and demonstrate fiscal responsibility to stakeholders.