Compute the annual manufacturing cost-allocation rate

Assignment Help Accounting Basics
Reference no: EM132461643

Problem - The Polish Factory manufactures natural resources in Ireland. At the beginning of 20XX, the accountant provided the following estimates associated with Department A and Department B for the coming year:

According to the reports provided by the manager at the Polish Factory, the following data was presented to represent a job that was completed during the year:

 

Department A

Department B

Direct labor hours

150

80

Machine-hours

50

8

Direct material cost

$275

$180

Direct labor cost

$75

$350

Assume that the Polish Factory uses departmental cost driver rates to allocate manufacturing overhead to products. The manufacturing overhead costs are allocated on the basis of machine-hours in Department A on the basis of direct labor-hours in Department B.

Required - Please help me, and show work.

1. Compute the annual manufacturing cost-allocation rate for Department A.

2. What amount of overhead should be allocated to the job?

3. What are the total manufacturing costs associated with the job?

Reference no: EM132461643

Questions Cloud

What is the lower limit of the confidence interval : What is the lower limit of the 95% confidence interval? What is the upper limit of the 95% confidence interval?
What is the probability that foreclosures will increase : What is the probability that foreclosures will increase in the Inland Empire given that they increased in Vegas?
What benefits are there to having a formal hrm process : What benefits are there to having a formal HRM process?What do you think?What are the drawbacks?relationship to human resource tasks and strategic management
Why did choose the database : Why did choose the database? How many articles did you look at before choosing this source and why did you chose this one out of all of them?
Compute the annual manufacturing cost-allocation rate : Assume that the Polish Factory uses departmental cost driver rates to allocate manufacturing overhead to products. Compute the annual manufacturing cost
What causes gentrification : Write essay what causes gentrification:cultural("yuppies"),economic(tech industry),political(tax break for twitter in 2010causes that can be proven
What is the probability that foreclosures will increase : What is the probability that foreclosures will increase in the Inland Empire given that they increased in Vegas?
Identify what type of privilege is : Identify a short (4-7 items) list of privileges that you experience in your life and identify what type of privilege this is (gender, race, able-bodied)
What is the standard error of x : The highway fuel economy of a 2016 Lexus RX 350 FWD 6-cylinder 3.5-L automatic 5-speed using premium fuel is a normally distributed random variable

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