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

Compute the predetermined overhead rate. (Omit the "$" sign in your response.)

Predetermined overhead rate $ per MH

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 $

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

Related Discussions:- POHR, Assignment Help, Ask Question on POHR, Get Answer, Expert's Help, POHR Discussions

Write discussion on POHR
Your posts are moderated
Related Questions
Introduction to pricing decision A pricing decision is one of the most crucial and difficult decision that a firm has to make. It is one of the most difficult decisions. Such

UNCERTAINTY OF DEMAND Demand is the most troublesome variable to predict accurately. Actually, demand may fluctuate from day to day, from week to week or from month to month. T

Explain the cost According to controllability: Controllable cost: this is a cost which can be inclined by the action of a specified member of an undertaking. The organization

Cash discount is given to buyers to bring them to make prompt payment. The credit terms identify the percentage discount and the period throughout which it is obtainable. Liberal c

EMERALD LTD is planning an expansion programme,which will require Rs 30 crores & can be funded through one of the following 1.issue further equity share of Rs 100 each at par.

Explain the terms - maintenance and improvement Maintenance ; under the maintenance function, the management must first establish policies rules directives and standard operat

Accounting Method is the method by which income and expenses are accounted for taxation purposes. The Internal Revenue Service needs taxpayers to select an accounting method that p

Explain the Types of standards The following is the brief description of various types of standards: 1) Basic standards: these are the standards which are assumed to remai

State Factors determining Working Capital requirement.

I am to write thesis on Budget and Budgetary Contro. Can you please help me with contents and notes?