Discuss abc company estimated

Assignment Help Accounting Basics
Reference no: EM131757874

Can you help me with this and explain how to get the answer

ABC Company applies overhead to jobs using direct labor cost as an activity. For the month of June, ABC Company estimated it would incur overhead cost of $25,000 while the actual overhead cost for

June totaled $27,530. For June, ABC Company estimated it would incur direct labor cost of $40,000

while the actual direct labor cost for June totaled $38,000. For the month of June, overhead was:

underapplied by $3,780
underapplied by $2,530
underapplied by $33,270
overapplied by $3,780
overapplied by $2,530
overapplied by $33,270

Reference no: EM131757874

Questions Cloud

Calculate madtacks cost of goods sold : Calculate Madtack's cost of goods sold after the overhead variance is closed for March
What are the potential advantages of open management : Office workers have grown accustomed to knowing the intimate details of each other's lives-from a colleague's favorite cat video to a boss's vacation fiasco.
What is the present value of a series of payments : What is the present value of a series of payments received each year for 4 years, starting with $100 paid one year from now and the payment.
What is the goal of the day reporting center : What is the goal of the day reporting center?How do they achieve their goals and functions?Are Day Reporting Centers considered a "nominal sanction"?
Discuss abc company estimated : ABC Company applies overhead to jobs using direct labor cost as an activity. For the month of June, ABC Company estimated
How much will you have when the new cd matures : You plan to roll the money into a new 5 year CD that will earn 2.05%. About how much will you have when the new CD matures?
Define kinds of messages that a subordinate recieve : Which medium (or media) do you think would be appropriate for each of the following kinds of messages that a subordinate could receive from a boss.
Write a research paper on the police use of force : The topic of the research paper is police use of force. Throughly review Graham v. Connor and then explain and corralate that case regarding police use of force
What is the firm levered cost of equity : A. What is the firm's levered cost of equity? B. What is the value of the firm's equity?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem regarding the computerized accounting system

From the e-Activity, examine the greatest threats to a computerized accounting system. Suggest two (2) preventive measures or remedies to protect the system and / or mitigate negative impact to the system. Provide a rationale for your response.

  Control alt design acquired 30 of the outstanding common

control alt design acquired 30 of the outstanding common stock of walter company on january 1 2012 by paying 958000 for

  Calculate the total social security and medicare tax burden

Calculate the total Social Security and Medicare tax burden on a sole proprietorship earning 2017 profit of $300,000, assuming a single sole proprietor

  As of december 31 2010 all jobs were finished but there

as of december 31 2010 all jobs were finished but there were four jobs that were not sold. costs incurred on these four

  Calculate the total manufacturing costs and the cost per

medtech inc. manufactures and sells diagnostic equipment used in the medical profession. its job costing system was

  Westile company buys plain ceramic tiles and prints

westile company buys plain ceramic tiles and prints different designs on them for souvenir and gift stores. it buys the

  True or false on accounting question

In 2013, Ed is 66 and single. If he has itemized deductions of $7,300, he should not claim the standard deduction alternative. a. True b. False

  Partner-in-charge and a consulting partner

What is the purpose of having both a partner-in-charge and a consulting partner on each audit engagement? should the partners be rotated among thier clients periodically? why or why not? (short question answer)

  Analyze the alternative methods available in accounting

Analyze the alternative methods available in accounting for joint products and byproducts given the above scenario.

  Within a hierarchical database

Within a hierarchical database, what is the name for the built-in linkages in data tables? Which data relationships can be contained in a hierarchical database?

  Record the issuance of the bonds

Record the issuance of the bonds and the first two interest payments. For a compound transaction, if an amount box does not require an entry, leave it blank

  What is the minimum number of shares

What is the minimum number of shares you need to own to ensure that you can elect at least one director if the company has majority voting?

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