Solution-Determined the fixed portion of factory overhead

Determined the fixed portion of factory overhead application

Assignment Help Cost Accounting

Reference no: EM132549002

Normal operating capacity of Batman Inc. is 200.000 machine hours per month, the level used to compute the predetermined factory overhead application rate. At this level of activity, fixed factory overhead is estimated to be $100.000, and variable factory overhead is estimated to be $300.000. During February, actual production required 120.000 machine hours and actual factory overhead totaled $300.000.

Required :

Question 1. Determined the fixed portion of the factory overhead application rate

Question 2. Determined the variable portion of the factory overhead application rate

Question 3. Is factory overhead for February over- or underapplied, and by how much ?

Reference no: EM132549002

Questions Cloud

What are the obligations of the employer : What are the obligations of the employer and the employee towards ensuring the workplace is a safe environment? What are Kaptein dimensions of ethical culture

Which might maximize staffing outcomes and why : Which might maximize staffing outcomes and why? Finally, apply these concepts to the real world. Browse various recruiting websites.

Find the over- or underapplied factory overhead amount : Find the over- or underapplied factory overhead amount for the year. estimated factory overhead/150.000 estimated machine hours

How much is the gross pay and net pay : Assume that Jan Huley earns $15 per hour and worked 51 hours this week. How much is the gross pay and net pay

Determined the fixed portion of factory overhead application : Determined the fixed portion of the factory overhead application rate. Is factory overhead for February over- or underapplied, and by how much ?

Compare the use of r vs python using given details : Several Big Data Visualization tools have been evaluated in this week's paper. While the focus was primarily on R and Python with GUI tools, new tools.

Compute the applied factory overhead amount for july : Normal annual capacity for Sony Company is 40.000 machine hours, Compute the applied factory overhead and the over- or underapplied amount for July

How much cash does the business have to work with : Fisher King Inc. opened its business in April 2020. After these transactions, how much cash does the business have to work with

Explain the importance of taking ethical decisions : Explain the importance of taking ethical decisions in business and what is the return on the institution and the employee when making these decisions

User Account

All Pages

Determined the fixed portion of factory overhead application

Reference no: EM132549002

Reference no: EM132549002

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT