Developing unit costs using normal costing

Assignment Help Managerial Accounting
Reference no: EM1346994

The Coastal Landscaping and Snow Removal company employs normal costing to assign overhead costs to firm's various jobs. Labor is charged to jobs at $25 per hour and for upcoming winter session, overhead is estimated at $200,000 for $10,000 hours of activity.

A. Using normal costing, what would be the total charge for removing snow from a mall parking lot that took four hours to clear?

B. If actual overhead costs are $215,000 and actual hours worked are 11,000, is overhead overapplied or underapplied?

Reference no: EM1346994

Questions Cloud

What is the temperature t of concorde''s skin in flight : A hunter aims directly at a target (on the same level) 101m away. If the bullet leaves the gun at a velocity of 203m/s, by how much will it miss the target.
Finding the stock and debt : Suppose I am a 100% shareholder of Johnson Corporation. At the starting of 2010, My basis in Johnson Corporation stock was $14,000. During 2010, I loaned $20,000 to Johnson Corporation and Johnson Corp. reported a $25,000 ordinary business loss
Find youngs modulus for the muscle tissue : A wooden raft has a mass of 65 kg. When empty it floats in water (density 1000 kg/m3) with 41percent of its volume submerged. What mass of sand can be put on the raft without it sinking.
Memo on a communication problem : Memo on a communication problem - Explain how would you write a report in memo format to your manager about communication problem in your organization.
Developing unit costs using normal costing : The Coastal Landscaping and Snow Removal company employs normal costing to assign overhead costs to firm's various jobs. Labor is charged to jobs at $25 per hour and for upcoming winter session, overhead is estimated at $200,000 for $10,000 hours ..
Explaining weak relationship and weak entity : What is meant by a weak relationship? Provide an example. What is meant by weak entity? What do you understand by relationship degree?
Current costing model : Write down the strengths and weaknesses of current costing model.
Standard costing problem for petty petroleum : Petty Petroleum, Inc. uses various chemicals to manufacture its products. Variance data for last month for three primary chemicals used in production are as follows (F indicates a favorable variance; U indicates an unfavorable variance):
Find the amount change in the firms operating cash flow : A cost-cutting project will reduce costs by $48,500 a year. The yearly depreciation on the project's fixed assets will be $11,300 & the tax rate will be 34%.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Jackson construction company-job order costing system

Jackson Construction Company uses a job order costing system. In May 2008, Jackson made a $1,650,000 bid to build a pedestrian overpass over the beach highway in Gulfport, Mississippi.

  Evaluate direct materials and conversion costs

What are the corresponding units for direct materials and conversion costs, correspondingly, for June?

  Prepare general journal entries in general journal form

Prepare general journal entries in general journal form

  Job or process costing

Job costing, process costing. In each of the following situations, determine whether job costing or process costing would be more appropriate.

  Determine the cost of jobs

Evaluate the total cost of the work in process inventory on January 31. Determine the cost of jobs completed during January, and show the proper journal entry to reflect job completion.

  Job order cost-process cost systems

Describe the similarities and differences between job order cost and process cost systems.

  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.

  Determine the ending finished goods inventory

Determine the ending finished goods inventory. What was the cost of indirect labor? What was the amount of factory overhead applied? Determine total manufacturing costs incurred during 2007. What was the cost of good manufactured?

  Analyze the methods of capital investment appraisal

Question: Analyze the methods of capital investment appraisal , Explain briefly…

  Planning strategies for the audit

Planning strategies for the audit

  Job descriptions and job functions

What would you include in a job description for a new cashier? How about a sales person? What is included on your job description? Are there functions you perform that are not in your job description?

  Management accounting:-reconcile the absorption costing

Mistry Company manufactures a line of electric garden tools that are sold in general hardware stores.

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