User Account

All Pages

How much fixed overhead would have allocated to production

Assignment Help Accounting Basics
Reference no: EM131582959

Question -

Armstrong Foods processes bags of organic frozen vegetables sold at specialty grocery stores. The company allocates manufacturing overhead based on direct labor hours. Armstrong has budgeted fixed manufacturing overhead for the year to be $625,000. The predetermined fixed manufacturing overhead rate is $16.40 per direct labor hour, while the standard variable manufacturing overhead rate is $0.90 per direct labor hour. The direct labor standard for each case is one-quarter (.25) of an hour.

The company actually processed 154,000 cases of frozen organic vegetables during the year and incurred $680,000 of manufacturing overhead. Of this amount $636,000 was fixed. The company also incurred a total of 40,800 direct labor hours.

a) How much variable overhead would have been allocated to production?

b) How much fixed overhead would have been allocated to production?

Reference no: EM131582959

Questions Cloud

What is the cost of an apple and an orange : James bought 5 apples and 10 oranges for $4. Donald bought 3 apples and 9 oranges for $3. The shop keeper strictly told that there will not be any discounts.
Find the fluid force on the vertical side of the tank : Find the fluid force on the vertical side of the tank, where the dimensions are given in feet. Assume that the tank is full of water.
Prepare journal entries that powell corporation would make : Prepare all the journal entries that Powell Corporation would make related to this bond issue through January 1, 2018
Prepare a cash collections schedule for the month of may : A cash budget is being prepared for Tractors Inc for the month of May. Prepare a Cash collections schedule for the month of May
How much fixed overhead would have allocated to production : Armstrong Foods processes bags of organic frozen vegetables sold at specialty grocery stores. How much fixed overhead would have been allocated to production
Compute the net cash flows anticipated from the sale : Compute the net cash flows anticipated from the sale of the devices for each year over the next 10 years
What is the average price of the commodity : As a result of increasingly stiff laws aimed at reducing the number of alcohol-related traffic accidents in a certain state, preliminary data indicate.
How much is the direct materials price variance : Jackson Industries has collected the following data for one of its products: How much is the direct materials price variance
What is the desired beginning inventory on june : Question - Fosnight Enterprises prepared the following sales budget: What is the desired beginning inventory on June 1

Reviews

Write a Review

Accounting Basics Questions & Answers

  Write the information company is reporting to its readers

Your assignment is to identify this letter and write two paragraphs on the information the company is reporting to its readers

  Cisco inc had beginning and ending accounts receivable

1.accounts receivable written off during the year totaled 61500 while the beginning and ending balance of allowance for

  When your authors use the expression the watchdog of

question 1 in which order does the accounting process continue in its cycle?1.accounting process?accounting

  Using a binomial pricing model

Using a binomial pricing model, what is the impact on the price of a call option if the company increases the dividend paid to shareholders? the call option price: A) Will drop B) Will increase C) Will remain constant D) Impact cannot be determined

  Name the titles of the financial reports

Name the titles of the financial reports in theIntel Corp. annual report that provide specific information about economic resources.

  Use the straight line method of interest amortization

Duval Co. issues four year bonds with a $ 100,000 par value on June 1, 2013, at a price of $ 95,948. The annual contract rate is 7%, and interest is paid semiannually on November 30 and May 31.

  Despero cheese company has developed a new cheese slicer

despero cheese company has developed a new cheese slicer called thin slicer. the company plans to sell this slicer

  Prepare a schedule showing the intangible assets

Sandro incurred $65,000 of experimental and development costs in its laboratory to develop a patent that was granted on January 2, 2010. Legal fees and other costs associated with registration of the patent totaled $17,600. Sandro estimates that the ..

  What is the budgeted dollar amount of merchandise purchases

What is the budgeted dollar amount of merchandise purchases for November?

  How much income you are producing

Business Owner: I would like to obtain how much I got and the problems that we faced in the past. I would like to obtain the tax and the cost of producing, too.

  Budgets are the driving force behind all organizations

budgets are the driving force behind all organizations. whether a manufacturing organization or a service organization

  Current accounting and reporting standards

One criticism not normally aimed at a balance sheet prepared using current accounting and reporting standards is

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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