Find what amount of overhead should applied to order number

Assignment Help Cost Accounting
Reference no: EM132669086

The XYZ Company uses a predetermined overhead rate. XYZ prepared the following budget at the beginning of the year:

Direct Labor Cost P12,000
Factory Overhead P25,000
Direct labor hours 9,000
Machine hours 1,500

  • During the month of January, the cost sheet of order number 100 indicates P20 of raw materials, P50 of direct labor, 10 hours of direct labor, and 5 machine hours. Order number 100 consists of 49 units of product. XYZ applies overhead based on direct labor cost.

Problem 1: What amount of overhead should be applied to order number 100?

Reference no: EM132669086

Questions Cloud

Public disclosure of private facts : What does the examples have in common? What important lessons can the e-business community learn from these events?
How does trade in automobiles illustrate the new gains : How does trade in automobiles illustrate the new gains from trade from consumer's preference for more varieties, according to the authors?
What are financial markets and what purposes do they serve : Your niece just started her college career with a major in economics. She is curious as to the interrelationship between the success of an economy.
Contrast different theories of management in healthcare : Compare and contrast the different theories of management in healthcare. Is there one theory that is better suited than the other? Why?
Find what amount of overhead should applied to order number : What amount of overhead should be applied to order number 100? The XYZ Company uses a predetermined overhead rate. XYZ prepared the budget.
What is agile modelling : What is agile modelling? Provide an example with including proper reference
Romance of leadership-people over reliance on leadership : What can be done about this romance of leadership and people's over reliance on leadership? Or should we?
What does gross domestic product tell us : What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it.
Strengths and weaknesses in organization development : Describe some of the strengths and weaknesses in organization development?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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