User Account

All Pages

Discuss what is the companys predetermined overhead rate

Assignment Help Accounting Basics
Reference no: EM131812030

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):

  Estimated total fixed manufacturing overhead $ 16,000
Estimated variable manufacturing overhead per direct labor-hour $ 1.90
Estimated total direct labor-hours to be worked 4,000
Total actual manufacturing overhead costs incurred $ 22,200

Job P Job Q
Direct materials $ 22,700 $ 8,500   
Direct labor cost $ 58,900 $ 10,450   
Actual direct labor-hours worked 3,100 550   

1. What is the company's predetermined overhead rate?

2. How much manufacturing overhead was applied to Job P and Job Q?

3. What is the direct labor hourly wage rate?

4a. If Job P includes 35 units, what is its unit product cost?

4b. What is the total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead)?

Reference no: EM131812030

Questions Cloud

Find the probability that exactly j of guesses are correct : Four cards are face down on a table. You are told that two are red and two are black, and you need to guess which two are red and which two are black.
Determine the amount of the couple child tax credit : Their AGI is $140,000. Determine the amount of the couple's child tax credit.
Discuss the old machine and purchase the new model : Should the company sell the old machine and purchase the new model
Information for the preceding year : Santos Inc had the following information for the preceding year: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory
Discuss what is the companys predetermined overhead rate : Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories
Reported cost of goods sold : Sarasota Enterprises Ltd. reported cost of goods sold for 2017 of $2.4 million and retained earnings of $4.2 million at December 31, 2017.
Find the probability that no one sits in the same seat : A certain class has 20 students, and meets on Mondays and Wednesdays in a classroom with exactly 20 seats. In a certain week, everyonein the class attends.
Determine amount debited to accounts receivable : Merchandise is sold on account to a customer for $21,900, terms FOB shipping point, 2/10, n/30. Determine Amount debited to Accounts Receivable
Determine the target revenue figure : Determine the target revenue figure, and explain why you do or do not feel that the company hit its target.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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