Compute actual direct material used and direct labor

Assignment Help Cost Accounting
Reference no: EM13516306

Predetermined Overhead Rates

Tappan, Inc., manufactures one product and accounts for costs using a job cost system. You have obtained the following information from the corporation's books and records for the year ended December 31, Year 1:

• Total manufacturing cost during the year was $3,000,000 based on actual direct material, actual direct labor, and applied manufacturing overhead.

• Manufacturing overhead was applied to work in process at 75 percent of direct labor dollars. Applied manufacturing overhead for the year was 25 percent of the total manufacturing cost during the year.

Required

Compute actual direct material used, actual direct labor, and applied manufacturing overhead.

Reference no: EM13516306

Questions Cloud

Find the acceleration of the car after the brakes failed : a car originally traveling at 30 m/s manages to brake for 5 seconds while traveling 125 m down hill. find the acceleration of the car after the brakes failed
Interest rate risk is related to its maturity. : Describe how and why a bond's interest rate risk is related to its maturity.
Find out the empirical formula and the molecular formula : Determine the empirical formula and the molecular formula of a compound that has the compostion of 80.0% C and 20.0% H. The molecular mass is 240.6 g.
Find what was its cruising speed : starting from rest a car travels 1350 m in 1 minute. it accelerated at 1 m/s^2 untill it reached its cruising speed. what was its cruising speed
Compute actual direct material used and direct labor : Total manufacturing cost during the year was $3,000,000 based on actual direct material, actual direct labor, and applied manufacturing overhead - Compute actual direct material used
Find the initial surface charge density of outer conductor : The electric field strength just outside the outer conductor of a coaxial cable of outer radius of 0.2cm is E=7200N/C directed inward. find the initial surface charge density of the outer conductor
Explain the bond energy of br2 does not change : At 1000 K the equilibrium constant for the reaction Br2 (g) === 2 Br (g) is 2.8 x 104 (pressure is in atmospheres). What does G for the reaction. Assume that the bond energy of Br2 does not change between 298 K and 1000 K and calculate S for the r..
Determine the initial separation between the particles : One particle has a mass of 4.00 10-3 kg and a charge of +9 µC. A second particle has a mass of 7.00 10-3 kg and the same charge. Find the initial separation between the particles
Describe what is g for the reaction : The equilibrium constant, Kp , for the reaction N2O4 (g) == 2 NO2 (g) is 0.142 at 298 K. What is G for the reaction

Reviews

Write a Review

Cost Accounting Questions & Answers

  Do you agree with the proponents of the exclusion

To date, Congress has concluded that the benefits gained by the states and municipalities and their residents, such as access to capital and the creation of jobs to construct and maintain critical infrastructure, outweigh any damages to our progre..

  Benefits and drawbacks of using the divisional structure

Analyse the benefits and drawbacks of using the divisional structure within an organisation. If an organisation is going to structure itself along divisions, how can it ensure that performance is recorded and measured accurately?

  Evaluate the average markup percentage for setting prices

Evaluate the average markup percentage for setting prices as a percentage of the full cost of the product.

  Analysis and discussion of the possible change to your memo

How do these changes alter your conclusion from Part A? Add this new analysis and discussion of the possible change to your memo.

  Calculate the amount of cash rutherford paid to charlet

Charlet Company offers credit terms of 4/15, n/60 to its credit customers. Rutherford Corporation purchased 20 office chairs with a list price of $200 each from Charlet on July 5, 2005. Rutherford paid the invoice for its purchase on July 13, 2005..

  Determine the lessees capitalizable cost

Allied Package Express Service properly capitalized at $93,598 a large truck it had leased on January 1, 2011. The truck has a 14-year useful life. Title to the truck passes to Allied at the end of the 12-year lease term.

  In 2009 jed james began planting a vineyard the cost of the

in 2009 jed james began planting a vineyard. the cost of the land preparation labor rootstock and planting were

  Should the firm accept this project

Calculating NPV. For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 11 percent, should the firm accept this project? What if the required return is 25%?

  Prepare a budgeted income statement for the quarter ended

Expected sales for the year ended December 31, 2012 are based on actual sales to date and budgeted sales for the duration of the year.

  What are amounts that should be allocated to warrant

onsider the market price of the Schieble bonds was known to be $180,000, but the market price of the warrants without the bonds cannot be evaluated, what are the amounts that should be allocated to the warrants and the bonds?

  Question general company informationmargaret brown and joel

question general company informationmargaret brown and joel lee each own 50 percent of designs inc. with no other class

  Why might noncancellability override the executor nature

Is the executory nature of lease contracts important in assessing lease accounting? How have leases been interpreted? Why might noncancellability override the executor nature?

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