Login
|
Create Account
+1-415-670-9189
info@expertsmind.com
Submit Homework/Assignment
Get quote & make Payment
Get Solution
POHR, Managerial Accounting
#questioExercise 3-12 Computing Predetermined Overhead Rates and Job Costs [LO1, LO2, LO3, LO7]
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates:
Machine-hours required to support estimated production 150,000
Fixed manufacturing overhead cost $ 750,000
Variable manufacturing overhead cost per machine-hour $ 4.00
Required:
1.
Compute the predetermined overhead rate. (Omit the "$" sign in your response.)
Predetermined overhead rate $ per MH
2.
During the year Job 500 was started and completed. The following information was available with respect to this job:
Direct materials requisitioned $ 350
Direct labor cost $ 230
Machine-hours used 30
Compute the total manufacturing cost assigned to Job 500. (Omit the "$" sign in your response.)
Total manufacturing cost $
3-a.
During the year the company worked a total of 147,000 machine-hours on all jobs and incurred actual manufacturing overhead costs of $1,325,000. What is the amount of underapplied or overapplied overhead for the year? (Input the amount as a positive value. Omit the "$" sign in your response.)n..
Posted Date: 9/19/2012 7:27:10 PM | Location : United States
Ask an Expert
Related Discussions:-
POHR, Assignment Help, Ask Question on POHR, Get Answer, Expert's Help, POHR Discussions
Write discussion on POHR
Your posts are moderated
Write your message here..
Related Questions
Determine the total labour variance, Problem: Fancy Foods Ltd uses a st...
Problem: Fancy Foods Ltd uses a standard costing system to control its material and labour costs. The standard costs for January 2007 were as follows. Standard Costs Materi
TOTAL PRODUCTIVE MAINTENANCE, Identify the ways in which Total Productive M...
Identify the ways in which Total Productive Maintenance could be applied as part of a manufacturing organisation''s quality programme
Positioning, Positioning An essential part of the planning process is p...
Positioning An essential part of the planning process is positioning the organization to attain its goals. Positioning is a wide concept and depends on gathering and evaluating
Advantages of value added statements, Advantages of Value Added Statements ...
Advantages of Value Added Statements 1) Managers might be in a better position to control their organizations own inputs than the cost and usage efficiency of purchased materia
Annual cash flows over the expected life of the equipment, The production d...
The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the paint cans instead of purchas
Describe the principles of cost accounting, Describe the Principles of cost...
Describe the Principles of cost accounting Principles of cost accounting: The fundamental principles of costing are identical and are given below: 1. Cost is related to
Explain the process of financial intermediation, Question 1: i) Explai...
Question 1: i) Explain the process of financial intermediation and discuss the existence of banks. ii) Examine the implications of the existence of financial intermediarie
Advantages of simulation, Advantages of Simulation 1) It can be used in...
Advantages of Simulation 1) It can be used in areas where analytical techniques are not available or would be too complex. 2) Constructing the model inevitably must involve
State the target pricing method, Rate of return or target pricing method ...
Rate of return or target pricing method Under this method of price determination first of all a rate of return desired by the enterprises on the amount of profit capital inves
Activity-based costing system, The Pinewood Furniture Company Pty Ltd plans...
The Pinewood Furniture Company Pty Ltd plans to design two lines of chairs in the coming year-lounge and patio. The company is considering introducing an activity-based costing sys
Assignment Help
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
ExpertsMind Services
Online Tutoring
Projects Assistance
Exam Preparation
Coursework Help
Programming Courses
Engineering Courses
Why Us ?
~Experienced Tutors
~24x7 hrs Support
~Plagiarism Free
~Quality of Work
~Time on Delivery
~Privacy of Work