Determine the manufacturing overhead for job

Assignment Help Managerial Accounting
Reference no: EM133074053

Question - Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead:

Overhead Cost Pool Budgeted

Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver

Materials handling $ 160,000 3,200 pounds Weight of materials

Machine setup 13,260 390 setups Number of setups

Machine repair 1,380 30,000 machine hours Machine hours

Inspections 10,560 160 inspections Number of inspections

Requirements for Job #971 which manufactured 4 units of product:

Direct labor 20 hours

Direct materials 130 pounds

Machine setup 30 setups

Machine hours 15,000 machine hours

Inspections 15 inspections

If Wings uses a volume-based overhead rate based on direct labor hours, determine the manufacturing overhead for Job #971?

Reference no: EM133074053

Questions Cloud

How much will you have in the retirement account : Assume the rate of interest is at 7%. How much will you have in the retirement account when you retire at age 65
Find the breakdown of the complete portfolio : Obtain 5 year's worth of data (monthly) on 2 risky ETFs from Yahoo Finance. You should have 60 observations.
Prepare a budget proposal for an organization : Prepare a budget proposal for an organization that has at least 30 employees which has audited financial statements.
Create the income statement for this merchandiser : A company has net sales of $752,000 and cost of goods sold of $543,000. Its net income is $17,530. Please create the Income Statement for this merchandiser
Determine the manufacturing overhead for job : If Wings uses a volume-based overhead rate based on direct labor hours, determine the manufacturing overhead for Job #971
What is the price per share of avalanche skis : a. What is the price per share of Avalanche Skis, Inc., stock today without the company making the new investment?
Conflict of goals between firm managers and shareholders : -State and describe the concept that leads to "conflict of goals between a firm's managers and its shareholders. Give a modern-day example of this concept, and
What the estimated total cash collections by fresplanade co : What the estimated total cash collections by Fresplanade Co. during October from accounts receivable
What is the value of the common stock : As a constant growth rate of 4 %, what is the value of the common stock of the investors require a 15 % rate of return?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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