User Account

All Pages

Difference in budgeted and actual manufacturing overhead

Assignment Help Accounting Basics
Reference no: EM131884847

Question: For 2014, Thomas Manufacturing uses machineminus-hours as the only overhead costminus-allocation base. The estimated manufacturing overhead costs are $210,000 and estimated machine hours are 20,000.

The actual manufacturing overhead costs are $330,000 and actual machine hours are 30,000.

What is the difference between the budgeted and the actual manufacturing overhead using job costing?

Reference no: EM131884847

Questions Cloud

Calculate usher sports shop cash flow from operations : In 2015, Usher Sports Shop had cash flows from investing activities of -$4, 364,000 and cash flows from financing activities of -$5, 880,000.
Prepare the tax related journal entry : In 2015 tetra Corp. generated $583,000 in revenues and incurs $276,000 in expenses. There an- no permanent or temporary book-tax differences.
How may sensory information reach the emotional brain : How may sensory information reach the emotional brain and how is the emotional brain involved in creating symptom of plasticity diseases
Find the amount of the impairment loss : In 2015, Antle Inc. had acquired Demski Co. and recorded goodwill of $320 million as a result. The net assets (including goodwill) from Antle's acquisition.
Difference in budgeted and actual manufacturing overhead : For 2014, Thomas Manufacturing uses machineminus-hours as the only overhead costminus-allocation base. The estimated manufacturing overhead costs are $210,000.
Determine the amount of interest to be capitalized : During 2015, Grant Industries, Inc. was in the Process of constructing facility. The only expenditure was on January 1, 2015 for $4, 500, 00.
Provide possible ways to structure the classroom setting : Provide a minimum of three possible ways to structure the classroom setting. Provide a minimum of two possible ways to structure a class period
Review stockholders equity section of the balance sheet : During 2014, Toney Corporation held a portfolio of available-for-sale securities having a cost of $221,700. There were no purchases or sales of investments.
Determine the tentative minimum tax base : Determine Gold Corporation's AMTI for 2015. Determine the tentative minimum tax base.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Brimson has forecast sales for the next three months as

brimson has forecast sales for the next three months as follows july 4000 units august 6000 units september 7500 units.

  What is jetblue strategy for success in the marketplace

What is JetBlue's strategy for success in the marketplace. What steps has JetBlue taken to manage these batch-level activities more efficiently

  Stockton corporation purchased equipment for 32000 stockton

stockton corporation purchased equipment for 32000. stockton also paid 400 for freight and insurance while the

  Balances of accounts receivable prepaid expenses and

as a preliminary to requesting budget estimates of sales costs and expenses for the fiscal year beginning january 1

  What was the amount of gift cards redeemed by customers

Unearned Revenue, which represents company's obligation to honor gift cards previously. What was the amount of gift cards redeemed by customers during the year?

  Ending accounts receivable balance

Assuming all sales were made on account, compute the ending accounts receivable balance that should appear in the ledger, noting any apparent shortage. Then, draft a memo dated October 3, 2010, to Mark Price, the branch manager, explaining the fac..

  An analyst has been asked by the president of ellis

an analyst has been asked by the president of ellis construction company to evaluate the proposed acquisition of a new

  What is the return on equity

A company has taxable income of $1,760 with a tax rate of 38 percent. Owners equity is: $400 in stock, $200 in capital surplus, and $200 in retained earnings. What is the return on equity (ROE)?

  A job order cost system can be used by managers for

A job order cost system can be used by managers for

  Explore the tax implications of this arrangements

Explore the tax implications of this arrangements and whether the $5 per hour difference has further implications

  Should the cash value of oberstars meals be included

Alex Oberstar, a cook in the Lagomarsino Company cafeteria, is furnished two meals each day during his eight-hour shift. Oberstar's duties require him to have his meals on the company's premises.

  Statements regarding tax credits

1) A family with $45,000 in assets and $22,000 of liabilities would have a net worth of

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd