Determine what predetermined overhead rate would be used

Assignment Help Financial Econometrics
Reference no: EM13328900

Compton Company uses a predetermined overhead rate in applying overhead to production orders on a labor cost basis in Department A and on a machine-hours basis in Department B. At the beginning of the most recently completed year, the company made the following estimates:


                                                   
             Dept.A       
   Direct labor cost $ 63,000   $ 40,000  
   Manufacturing overhead $ 80,010   $ 68,450  
   Direct labor-hours
8,700  
9,700  
   Machine-hours
4,700  
18,500

What predetermined overhead rate would be used in Department A and Department B, respectively?

Reference no: EM13328900

Questions Cloud

Complete income statement and statement of retained earnings : Concepts mastered in this comprehensive problem will serve you well in Advanced Accounting and the rest of your accounting curriculum - Adjusted Trial Balance numbers to complete the Income Statement, Statement of Retained Earnings, Balance Sheet,..
Find out the partial pressures of each gases at equilibrium : determine the partial pressures of each gases at equilibrium. b.determine the equilibrium constant at 350.15 K
Find the location of the two flashes in frame : A red light flashes at position xR=4.00 m and time tR=1.00x10-9 s and a blue light flashes at xB=5.00 m and tB=8.50x10-9 s. Find the location of the two flashes in frame S'
Brad can fix the same kind of meal in 2hours and his : Brad can fix the same kind of meal in 2hours, and his opportunity cost of one hour is $20. Will both Angelina and Brad be better off if Brad fixes meals for her and she pays him $45 per meal? Explain
Determine what predetermined overhead rate would be used : Compton Company uses a predetermined overhead rate in applying overhead to production orders on a labor cost basis in Department A and on a machine-hours basis in Department B.
Explain sodium dihydrogen borate : A buffer solution contains 0.71 mol of boric acid (H3BO3) and 0.53 mol of sodium dihydrogen borate (NaH2BO3) in 4.00 L. The Ka of boric acid (H3BO3) is Ka = 5.8e-10. pH of buffer solution
What time interval between them does she find : An experimenter arranges to trigger two flashbulbs simultaneously, producing a big flash located at the origin of his reference frame and a small flash at x = 8.25 km. What time interval between them does she find
Determine at what angle should the curve be banked : Engineers are designing a curved section of a highway. If the radius of curvature of the curve is 114 m, at what angle should the curve be banked
Define the free energy change for the reaction : For a given chemical reaction, ?H = -32.0 kJ/mol and ?S = -98.0 J/mol*K. Estimate the free energy change for the reaction at 775 C and 1 bar pressure. I believe it to be 70.7 kJ/mol

Reviews

Write a Review

Financial Econometrics Questions & Answers

  What amount of cash deposited at percent compounded annually

What amount of cash deposited today at 6.2-percent compounded annually will enable you to withdraw $8,098 at the end of each of the next 25-years

  How many payments will have made for the account balance

You're prepared to make monthly payments of $380, beginning at the end of this month, into an account that pays 7.9 percent interest compounded monthly.

  Calculate t if the force of interest is delta given

Using the method of equated time, a payment of 100 at time t = 1 plus a payment of X at time t = 10 is equivalent to a payment of 100 + X at time t = 4. The above two payments of 100 and X are equivalent to a payment of 100 + X at time t

  Find the number of full payments needed

A debt of $4000 with interest at 12% compounded semi annually, is to be repaid by semi-annual payments of $400 each. Find the number of full payments needed and the final payment.

  Determine what is the present value of the risk

An investment will pay $150 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $600 at the end of Year 6.

  Find additional equity financing is required for next year

Wagner Industrial Motors, which is currently operating at full capacity, has sales of $2,450, current assets of $790, current liabilities of $480, net fixed assets of $1,640, and a 5 percent profit margin.

  Find the firms dividend payout ratio and retention ratio

Payout and retention ratio: Drekker, Inc., has revenues of $312,766, costs of $220,222, interest payment of $31,477, and a tax rate of 34 percent. It paid dividends of $34,125 to shareholders.

  Prepare entries for the purchase and two subsequent payments

The remainder was paid within the 30-day term. At the end of the annual accounting period, December 31, 2010, 90% of the merchandise had been sold and 10% remained in inventory. The company uses a periodic system.

  How much will be in the account after 15 years

It is now January 1. You plan to make a total of 5 deposits of $600 each, one every 6 months, with the first payment being made today. The bank pays a nominal interest rate of 10% but uses semiannual compounding.

  Calculate the rate of return for each of the investments

You're trying to choose between two different investments, both of which have up-front costs of $45,000. Investment G returns $75,000 in six years. Investment H returns $105,000 in nine years.

  Determine what is required rate of return on the firms stock

A major new client, the Northwestern Municipal Alliance, has requested that Mutual of Seattle present an investment seminar to the mayors of the cities in the association, and Strother and Tibbs, who will make the actual presentation

  How much would state liability for each of families change

Analyze the implications of credit on two families of this state: Family #1 (in the 18 percent federal tax bracket) and Family #2 (in the 35 percent federal tax bracket), each family expends approximately $1,500 per year for child-care.

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