Calculate the total overhead allocated to job 510 which has

Assignment Help Accounting Basics
Reference no: EM13588623

Zippy Company uses ABC to accounting for costs in it's manufacturing process. They have identified three manufacturing activities that incur manufacturing overhead costs: Materials handling, machine setups and general factory facility support. They have determined the costs of these activities and the allocation bases to be as shown below. Calculate the total overhead allocated to JOB 510, which has 405 parts, 10 setups, and 58 direct labor hours. (note: when calculating your overhead rates, round them to four decimal places before calculating the cost of the job, for example, 23.3125). Round all calculations including your final answer to four decimal places.

Activity Overhead Cost Allocation Base
Materials Handling $6732 Number of parts, 3200 total parts anticipated
Machine Setup $10128 Number of setups, 25 total setups anticipated
General Facilities $95446 Direct Labor Hours, 1000 total hours anticipated

Reference no: EM13588623

Questions Cloud

Decrypt the following message which was enciphered using : 1 decrypt the following message which was enciphered using the vigenere cipher with encrypting key secret wbrcs lazgj
James industries uses departmental overhead rates to : james industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. the company has two
Pets r us sells dog and cat food its monthly fixed costs : pets r us sells dog and cat food. its monthly fixed costs average 620000. cat food sales represent 80 of the companys
A series rlc circuit consists of a 809 w resistor a 0176 h : a series rlc circuit consists of a 809 w resistor a 0.176 h inductor and a 55.5 mf capacitor. it is attached to a 120
Calculate the total overhead allocated to job 510 which has : zippy company uses abc to accounting for costs in its manufacturing process. they have identified three manufacturing
Find the product cipher obtained by using the : 1 if the two most common letters in a long ciphertext encrypted by an affine transformation c equiv ap b mod 26 are x
January 1 2009 vacker co acquired 70 of carper inc by : january 1 2009 vacker co. acquired 70 of carper inc. by paying 650000. this included a 20000 control premium. carper
Ab and c were sharing profit and losses in the ratio of 532 : ab and c were sharing profit and losses in the ratio of 532. the firm had insured the partners lives severally. the
The company considers its traceable fixed manufacturing : cane company manufactures two products called alpha and beta that sell for 120 and 80 respectively. each product uses

Reviews

Write a Review

Accounting Basics Questions & Answers

  A lender wants to know if they can collect on their loans a

a lender wants to know if they can collect on their loans. a cash flow statement for the company owing the money will

  Problem on journalize the transactions

On September 1, Howe Office Supply had an inventory of 30 pocket calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred.

  At the beginning of 2008 fastforward has stockholders

at the beginning of 2008 fastforward has stockholders equity of 251000. during 2008 net income was 51000 and dividends

  Suppose a situation in which the client under audit by the

suppose a situation in which the client under audit by the irs omitted 100000 in income. from the e-activity analyze

  Determining sale of the land realized

On November 8, 2003, Power Corp. sold land to Wood Co., its wholly owned subsidiary. The land cost $61,500 and was sold to Wood for $89,000. From the perspective of the combination, when is the gain on the sale of the land realized?

  Prepare the intangible assets section of the companys

a company entered into a franchise agreement to operate a franchised location beginning on january 1 2014. the terms of

  How do current earnings and profits differ from accumulated

how do current earnings and profits differ from accumulated earnings and profits? is there any reason to keep the two

  Which of the following situations best describes a business

which of the following situations best describes a business combination to be accounted for as a statutory merger?both

  Recording the given transactions

China Company issued $1,000,000 of6-year, 12% bonds, effective interest rate is13%. The bonds were purchased by USA Co. on theissue date at the issue price.  Present entries to record the following transactions:

  The role of accounting on business and our society

The Role of Accounting on Business and Our Society

  Should roi be the only gauge a company uses to evaluate

should roi be the only gauge a company uses to evaluate investments? also is it wise for a company to lose money on one

  Question regarding dividend payout ratio

The Wei Corporation expects next year's net income to be $15 million. The firm's debt ratio is currently 40 %. Wei has 12 million of profitable investestment opportunites, and it wishes to maintain its existing debt ratio.

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