User Account

All Pages

Explain the difference between direct cost and indirect cost

Assignment Help Managerial Accounting
Reference no: EM132551046

Joni's Kitty Supplies applies manufacturing overhead costs to products at a budgeted rate of $60 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of the Toy Mouse product. Estimates for this order include: Direct materials $40,000; 500 direct manufacturing labor-hours at $20 per hour; and a 20% markup rate on total manufacturing costs.

Question i. What is the estimated manufacturing overheads for this order?

Question ii. What is the estimated total product cost for this order?

Question iii. What is the bid price for this order?

Question iv. Explain the difference between direct cost and indirect cost.

Reference no: EM132551046

Questions Cloud

Homeowner policy : Is there anything that is not covered under Section I of the Homeowner policy that you believe should be covered by the policy?
Why the performance appraisal should not be eliminated : The effectiveness of the performance appraisal is often a topic of debate. Read the Forbes article, "Eliminating Performance Appraisals". Based on the content.
Natural resources : Our natural resources are valuable and important to sustain so that we have continued access to these resources in the future.
What is the minimum price per unit that would be financially : What is the minimum price per unit that would be financially acceptable to the American company. A company has capacity to produce 170,000 tires.
Explain the difference between direct cost and indirect cost : Explain the difference between direct cost and indirect cost. What is the estimated manufacturing overheads for this order? What is the bid price for this order
Product and marketing models : Why is a business model important? How are business models influenced by internal and external factors?
What are some of the ways managers can adapt to changes : Why is staffing important? Who is responsible for it? Is it a function of personnel/human resource departments? What are some of the ways managers can adapt.
Compute the expected annual net income : Compute the expected annual net income (with no special orders) if plant capacity can be doubled by adding additional facilities at a cost
Create differential analysis dated feb : Create differential analysis dated Feb 324 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the carrying cases.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  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.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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