Reference no: EM139767
Global CO had the following at the end of the year- (Note A is more labor intensive and B is more automated.)
Department A Department B Plant Total
Direct Material cost $338,000 $23,500 $361,500
Direct labour cost 318,000 $110,000 $ 428,000
Department Overhead $276,000 $480000 $756000
Direct labour hours 30000 10000 40000
Machine Hrs 2000 40000 42000
The base for department A is direct labour and the base for department B is machine hours. Calculate the overhead rates for Dept A and B below
Department A $318,000/30,000= $10.60ph what is the overhead rate?
Department B $110/10,000= $11.00 ph what is the overhead rate?
During the year, job 123 a firm fixed price contract for the production of 3,000 raincoats will be started and completed. Estimate the contract cost using the rates is in question 1 and the following information
Material cost totalled $3,200 for Department A and Department B $740.00
Direct labour hours 240 for Department A and Department B 80
Machine hours totalled 120 for Department A And department B 300
|
Characterizing critical thinking
: Describe three qualities that characterize critical thinking.
|
|
Balanced scorecard and perspectives on performance
: Make notes on the following two items to help your manager to understand their meaning: The balanced scorecard and its perspectives on performance
|
|
Compare the two resorts'' net incomes
: To compare the two resorts, convert gold rush net income to the accounting methods and the estimated useful lives used by Mountain hideway. Compare the two resorts' net incomes after you have revised gold rush's figures. Whish resort looked better..
|
|
Affect of various neurotransmitter
: Prozac and cocaine affect various neurotransmitters, but they achieve their effects via the same method of action. What is that mechanism?
|
|
Estimating the contract cost
: During the year, job 123 a firm fixed price contract for the production of 3,000 raincoats will be started and completed. Estimate the contract cost.
|
|
Find the income statement for the year
: Prepare the Income Statement for the year ended December 31, 2008 and Prepare the Statement of Retained Earnings for the year and Prepare the Balance Sheet at December 31, 2008
|
|
Hirings in chemistry departments
: Nationwide last year there were 75 new hiring’s in chemistry departments.
|
|
Find two ways to finance
: Identify two ways to finance the remaining $20,000 you will need, so you can pay all of the liabilities when they are due
|
|
Determining the amount of ordinary income
: The corporation elected S corporation status at the starting of 2011. On February 13, 2012, the property was sold for $40,000, payable in 4 yearly instalments of $10,000 plus interest. What is the amount of ordinary income to be reported from the s..
|