Solution-Determine the product factory overhead costs

Determine the product factory overhead costs

Assignment Help Accounting Basics

Reference no: EM131749202

Question: Orange County Chrome Company manufactures three chrome-plated products-automobile bumpers, valve covers, and wheels. These products are manufactured in two production departments (Stamping and Plating). The factory overhead for Orange County Chrome is $220,800.

The three products consume both machine hours and direct labor hours in the two production departments as follows:

	Direct Labor Hours	Machine Hours
Stamping Department
Automobile bumpers	560	800
Valve covers	300	560
Wheels	340	600
	1,200	1,960
Plating Department
Automobile bumpers	170	1,170
Valve covers	180	710
Wheels	175	760
	525	2,640
Total	1,725	4,600

The management of Orange County Chrome Company now plans to use the multiple production department factory overhead rate method. The total factory overhead associated with each department is as follows:

1	Stamping Department	$115,200.00
2	Plating Department	105,600.00
3	Total	$220,800.00

Required: 1. Determine the multiple production department factory overhead rates, using direct labor hours for the Stamping Department and machine hours for the Plating Department.

2. Determine the product factory overhead costs, using the multiple production department rates in (1).

Reference no: EM131749202

Questions Cloud

What are the goals of alternative sanctions : Describes roles and functions of individuals in the criminal justice system and how victimization affects each role.

Write a letter using microsoft word asking a local business : Write a letter using Microsoft Word asking a local business (real or imagined) to hold an event or to donate funds for your charity (real or imagined).

Prepare gross profit section of a partial income statement : Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion.

What should have happened in this case : In the case of Richard Jewell and the Olympic bombing case, the FBI was for all intent purposes rushed into leaping to conclusions.

Determine the product factory overhead costs : Orange County Chrome Company manufactures three chrome-plated products-automobile bumpers, valve covers, and wheels. These products are manufactured.

Discuss the different database types and dbms : Discuss the different database types and database management systems. Impact of Cloud Computing on individual consumers and Businesses.

Evaluate the impact of the difference in physical geographic : Evaluate the impact of the difference in physical geographic attributes of Europe and Russia and analyze the fundamental themes of geography

Discuss about the federal rico statute : Possession of a controlled dangerous substance such as drugs Cite the appropriate sections of the statute and any appropriate case law.

Create a plan for implementing hyper-v : Create a plan for implementing Hyper-V (or an alternate solution, such as VMware) as a solution for your organization. Provide a rationale for the plan decisio

User Account

All Pages

Determine the product factory overhead costs

Reference no: EM131749202

Reference no: EM131749202

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT