Solution-Calculate the overhead allocation rate for

Calculate the overhead allocation rate for Department A

Assignment Help Cost Accounting

Reference no: EM132849151

Problem - Company X has two departments, A and B. Overhead is applied based on machine hours in Department A. Overhead is applied based on direct labor hours in Department B.

Budgeted Amounts	Department A	Department B
Direct labor hours	20,000	90,000
Machine hours	10,000	50,000
Direct materials costs	$60,000	$720,000
Direct labor costs	$30,000	$840,000
Manufacturing overhead costs	$210,000	$360,000

The accounting records for Job M	Department A	Department B
Direct labor hours	50	100
Machine hours	110	20
Direct materials costs	$2,600	$1,400
Direct labor costs	$1,400	$1,600

Required -

1. Calculate the overhead allocation rate for Department A?

2. Calculate the overhead allocation rate for Department B?

3. Calculate the total allocated overhead cost of Job M?

4. Calculate the total cost of Job M?

Reference no: EM132849151

Questions Cloud

Find the probability that the weight : Find the probability that the weight of a randomly selected steer is between 600 and 1060lbs. Round your answer to four decimal places.

Differences between actual bus arrivals : What is the probability that the sample mean U ¯ of the 17 recorded differences between actual bus arrivals and scheduled bus arrival times is greater than 3 mi

Express the confidence interval : Express the confidence interval 0.207±0.051 in open interval form (i.e., (0.155,0.855)).

Find the probability that the student took history : If one of these students is selected at random, find the probability that the student took history but not mathematics.

Calculate the overhead allocation rate for Department A : Company X has two departments, A and B. Overhead is applied based on machine hours in Department A. Calculate the overhead allocation rate for Department A

Find the probability i get one red and one pink ball : There are 18 balls in a bag, 12 are red, 5 are black and one is pink. I draw out two balls without replacement.

Questions about ibm spss : 2. Suppose that I have calculated a mean for gender that is 1.74. What advice would you give me in interpreting this number?

Weekly cost of vaping in the population : Using a 10% significance level, would you be able to conclude that the average weekly cost of vaping in the population is larger than 130 dollars?

Description of the probabilities associated with values : Identify what you want to measure, then describe its (approximate) sample space. Give a rough description of the probabilities associated with those values

User Account

All Pages

Calculate the overhead allocation rate for Department A

Reference no: EM132849151

Reference no: EM132849151

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT