Assume that x company has decided to switch to an

Assignment Help Accounting Basics
Reference no: EM13588506

Assume that X Company has decided to switch to an activity-based costing allocation system. It has identified three activities with the following budgeted costs and cost drivers for 2015:

Activity Budgeted cost Cost driver
Purchasing    $39,600 4,600 purchase orders
Assembly    $99,000 87,400 parts
Packaging    $59,400 14,900 finished units

Assume that 800 unis of Product 1 were made in 2015, with 1,013 parts, and requiring 33 purchase orders. Using the activity-based costing allocation system, how much overhead was allocated to Product 1 (round overhead rate(s) to the nearest cent and your final answer to the nearest dollar)?

Reference no: EM13588506

Questions Cloud

Tyrene products manufactures recreational equipment one of : tyrene products manufactures recreational equipment. one of the companys products a skateboard sells for 34. the
X company manufactures a single product and estimates its : x company manufactures a single product and estimates its total variable manufacturing costs each month. it is
Tiger furnishings produces two models of cabinets for home : tiger furnishings produces two models of cabinets for home theater components the basic and the dominator. data on
Suppose that the steel gas tank in your car is completely : suppose that the steel gas tank in your car is completely filled when the temperature is 14deg c. how many gallons
Assume that x company has decided to switch to an : assume that x company has decided to switch to an activity-based costing allocation system. it has identified three
Rentoul inc recently had to pay 8 interest for money that : 1. it sold land having a fair value of 905000 in exchange for a 3-year zero-interest-bearing promissory note in the
Assuming winchester had a credit balance of 500 in its : situation 1 at the end of 2xxx winchester company had a balance in accounts receivable of 43500. after aging its
The standard fixed overheads cost per battery is 1080 based : the standard fixed overheads cost per battery is 10.80 based on the following information for the year 2012 budgeted
Mr yee and the green garden peter is the manager of a : mr. yee and the green garden peter is the manager of a buffet-style salad bar restaurant called green garden. one of

Reviews

Write a Review

Accounting Basics Questions & Answers

  Reasonable allocation of the amount

In 2005, 509 Brunswick Avenue was sold for $550,000. A reasonable allocation of this amount is considered to be 75% to the building and 25% to the land.

  Determining federal income tax

William Nowland's filing status is qualifying surviving spouse. His taxable income for 2009 is $76,000. Included in that amount is $5,000 of qualified dividends. How much federal income tax does he have to pay for the year?

  Homestead crafts a distributor of handmade gifts operates

homestead crafts a distributor of handmade gifts operates out of owner emma flynns house. at the end of the current

  The proceeds were recorded in a capital projects fund

The proceeds were recorded in a capital projects fund

  Haylock inc bases its manufacturing overhead budget on

1.all of gaylord companys sales are on account. thirty-five percent of the credit sales are collected in the month of

  Distribution practice question

A corporation that has both preferred and common stock has a deficit in accuulated earnings and profit at the beginning of the year. The current earnings and profits are $25,000.

  Jkl corporation has earnings and profits of 800000 and has

jkl corporation has earnings and profits of 800000 and has 1000 shares of stock outstanding. that stock is held 550

  Compute diluted earnings per share

Adcock issued $2,000,000 of 8% convertible bonds at face value during 2006. Each $1,000 bond is convertible into 30 shares of common stock. Compute diluted earnings per share for 2007. Complete the schedule and show all computations.

  Stock optionsprepare the necessary entries from 1110-2112

stock optionsprepare the necessary entries from 1110-2112 for the following events using the fair value method. if no

  Description of steps in accounting cycle

What are the steps in completing the accounting cycle? How do the different steps impact the financial statements? What is the impact on the financial statements of missing a step when completing the accounting cycle?

  The ending raw materials and finished goods inventories at

prepare production and direct materials budgets by quarters for 6 months.on january 1 2014 the hardin company budget

  The ceo of smart phone cases llc is preparing a loan

the ceo of smart phone cases llc is preparing a loan application to be used for expansion. using the data below only

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