Calculate the applied manufacturing overhead for the year

Assignment Help Accounting Basics
Reference no: EM132093547

Question - Chelm Music Corporation applies manufacturing overhead on the basis of machine-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $60,600. Actual manufacturing overhead for the year amounted to $59,000 and actual machine-hours were 5,900. The company's predetermined overhead rate for the year was $10.10 per machine-hour.

Calculate the applied manufacturing overhead for the year?

a. $58,017

b. $59,590

c. $60,600

d. $58,597

Reference no: EM132093547

Questions Cloud

Cost of equity and we is weight of equity : Now you can calculate the WACC. Where Kd is after tax cost of debt, Wd is weight of debt, Ke is cost of equity and We is weight of equity.
Calculate the budgeted cash disbursements for november : Selling and administrative expenses are budgeted at $60,000 for November and are paid for in cash. Calculate the budgeted cash disbursements for November
Name two ways in which an administrative regulation : Name two ways in which an administrative regulation, once it has been enacted, may be challenged and cite a case describing each way.
Comparative advantage in the floating-rate market : He goes on to say that this was possible because his company has a comparative advantage in the floating-rate market. What has the treasurer overlooked?
Calculate the applied manufacturing overhead for the year : The company's predetermined overhead rate for the year was $10.10 per machine-hour. Calculate the applied manufacturing overhead for the year
Discuss about the business models and consumer choices : What effective persuasive speech methods do you need to see or hear in order for you to feel convinced that this is a cause worthy of your support, and why?
Central underlying concept of product differentiation : Can market segmentation be described as a "central underlying concept of product differentiation," why or why not.
How much must your employer borrow to end up : How much must your employer borrow to end up with the $550,000?
Evaluate a variety of digital and assistive technologies : Evaluate a variety of digital and assistive technologies for supporting diverse learners.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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