Calculate the total amount of overhead applied to job

Assignment Help Accounting Basics
Reference no: EM131578143

Question - Bulla Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:

Machining Customizing

Machine-hours  19,000  12,000

Direct labor-hours  3,000  4,000

Total fixed manufacturing overhead cost $76,000 $58,800

Variable manufacturing overhead per machine-hour $1.00

Variable manufacturing overhead per direct labor-hour   $2

During the current month the company started and finished Job K369. The following data were recorded for this job:

Job K369:

Machining  Customizing

Machine-hours 90  20

Direct labor-hours 40  70

Required: Calculate the total amount of overhead applied to Job K369 in both departments. (Do not round intermediate calculations.)

Reference no: EM131578143

Questions Cloud

What is possible cause of action available to the auditor : State law requires that school district budgets be balanced. What is the possible cause of action available to the auditor
Prepare the required adjusting journal entry for december : WannaBee Corporation has $1,500,000 of Receivables on December 31, 2000. Prepare the Required Adjusting Journal Entry for December 31, 2000
Prepare a report for the board that either recommends : Prepare a report for the board that either recommends the proposed changes or does not recommend the changes.
Discuss rsa procedure for encoding and decoding messages : In the paragraph preceding the proof of Theorem we said that if a number is a multiple of the prime p and the prime q, then it is a multiple of pq.
Calculate the total amount of overhead applied to job : Required: Calculate the total amount of overhead applied to Job K369 in both departments. (Do not round intermediate calculations.)
Evaluate your personal skills in relationship : An assessment of challenges that your unique life situation may present to your ability to complete your degree.
Discuss the relation of congruence modulo : The relation of "congruence modulo n" is the relation = defined by x = y mod n if and only if x mod n = y mod n.
Estimated total manufacturing overhead : Eisentrout Corporation has two production departments, The estimated total manufacturing overhead for the Machining Department is closest to
Compute the operating income for each product line : Compute the operating income for each product line, using the activity-based over-head rates. What do you believe Peggy Kingman should do?

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