Compute the standard overhead rate per unit

Assignment Help Financial Accounting
Reference no: EM131160439

12 Brown Protein Powder produces a dietary supplement. The standard cost of producing one unit is:

Material (1.30 pounds × $2.30) $2.99

Labor (1.20 hours × $10.00) 12.00

Overhead ?

Standard variable overhead is $8.00 per unit, and fixed annual overhead is $100,800.

At the start of 2014, expected production was 25,200 units.

During 2014, 30,000 units were produced.

The following information, related to actual costs incurred in 2014, is available:

1. Purchased 40,000 pounds of material for $84,400.

2. Used 39,010 pounds of material.

3. Worked 32,455 labor hours costing $371,700.

4. Actual overhead incurred was $325,600.

Compute the standard overhead rate per unit. (Round answer to 2 decimal places, e.g. 15.25.)

Reference no: EM131160439

Questions Cloud

Define indicator state the stats for each state : Intro: preview the main points of paper; here you will discuss what states (represented by your team members) you are focusing on. You can also briefly define each health indicator. My state is Pennsyvania.
Satisfied the optimal purchase rule-price of gasoline drops : Assume that some rational consumer X has satisfied the optimal purchase rule (the equi-marginal principle) and then the price of gasoline drops. If everything that X purchases is a normal (superior) good, then....
System of equations : The Miller family and the Carter family each used their sprinklers last summer. The water output rate for the Miller family's sprinkler was 15 L per hour.
Flexible exchange rates are deterrmined by : the general agreement on tariffs and trade is an international agreement. assume the US government wants to hold the value of the dollar at $1=10 chinese yuan, but it finds that the value of yuam is depreciating against the US dollar. what would be a..
Compute the standard overhead rate per unit : 12 Brown Protein Powder produces a dietary supplement. The standard cost of producing one unit is:- Compute the standard overhead rate per unit.
Provide support to clients and healthcare staff : Remote healthcare can supplement the delivery of care, providing support to clients and healthcare staff. For this project we are using the Tunstall tele-health monitoring equipment as an example of the type of equipment that is used.
Accept monthly amounts : You have been offered a two-year salary deal. You can either accept $2,000,000 now or accept monthly amounts of $100,000 payable at the end of each month. If money can be invested at 5.7% compounded quarterly, evaluate each option and determine wh..
What ethical standards george be in danger of violating : Identify and discuss at least five of the most important skills that a counselor should have to be effective in their field? Explain what each skill entails and why each skill is important to the therapeutic process.
Savings account earning : Chris saves $25 at the end of each week and deposits the money into a savings account earning 5% compounded monthly.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare a contribution margin income statement

Determine the breakeven point in units and dollars. Prepare a contribution margin income statement separating all variable and fixed costs into their own categories.

  Dividend decisionsacme sports has 100000 of 8 noncumulative

dividend decisionsacme sports has 100000 of 8 noncumulative nonparticipating preferred stock outstanding. acme sports

  Wholesale distributor of electronic equipment

a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement,

  Purpose journal entries to record these transactions

Purpose journal entries to record these transactions. Create the Nicklaus Corporation shareholders' equity section as it would show in a balance sheet prepared at September 30, 2011.

  Question on december 31 2012 dow steel corporation had

question on december 31 2012 dow steel corporation had 650000 shares of common stock and 35000 shares of 9

  How much to expense for the present year

Adjusting to $600,000 will add how much to expense for the present year?

  Question 1 during january 2010 wells inc obtains 30 of the

question 1. during january 2010 wells inc. obtains 30 of the outstanding common stock of wilton co. for 1400000. this

  Calculate internal rate of return of investment opportunity

Merton Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the company’s cash outflow for operating expenses by $1,271,000 per year. The cost of the equipment is $8,156,843.32. Calculate the i..

  How to post theses on thee trail balance of a work sheet

Paid $1,000 of amount owed on truck,and $400 of amount owed on cleaning supplies. do not know how to post theses on thee trail balance of a work sheet

  Cost accumulation and allocation

Determine the total estimated cost of the products made in Departments M and N. Assume that Maller produced 2,000 units of Product M and 4,000 units of Product N during the year.

  What was the total static budget operating-income variance

What was the total static budget (operating-income) variance for 2010? Was this total variance favorable (F) or unfavorable (U)?

  What is the breakeven point in dollars

If fixed costs decrease 10 percent, how many units must be sold to achieve the target profit?

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