Solution-How much of total labor cost should be charged to

How much of total labor cost should be charged to overhead

Assignment Help Cost Accounting

Reference no: EM132738730

ABACADA house produces a variety of household products. The firm operates 24 hours per day with three daily work shifts. The first shift workers receive "regular pay". The second shift receives an 8 percent pay premium, and the third shift receives a 12 percent pay premium. In addition, when production is schedule on weekends, the firm pays an overtime premium of 50 percent (based on the pay rate for first shift employees). Labor premiums are included in overhead.

The October 2020 factory payroll is as follows:

Total Wages for October for 32,000 hours P435,600

Normal hourly wage for first-shift employees P12

Total regular hours worked, split evenly among the three shifts 27,000

Problem 1: How much of the total labor cost should be charged to overhead?

Reference no: EM132738730

Questions Cloud

Find what the amount of payroll department costs chargeable : Find what The amount of Payroll Department costs chargeable to Department C is P? Factory payroll costs other than direct labor are accumulated in a Payroll

What referrals would you make and why : Write a 500 word essay addressing each of the following points/questions. Be sure to completely answer all the questions for each bullet point.

Compute optimum order quantity in units for squash racquets : Order costs for the company amount to P5. The optimum order quantity in units for squash racquets is (rounded to the nearest unit) would be

Water or cooking oil heats up more quickly on stove : A student plans a fair test to learn weather water or cooking oil heats up more quickly on a stove?

How much of total labor cost should be charged to overhead : How much of the total labor cost should be charged to overhead? The second shift receives an 8 percent pay premium, and the third shift receives a 12 percent.

Compare the different market structures : The purpose of this assignment is to compare the different market structures within the realm of health care. Use the "Health Care Market Structures".

Explain how the material learned in the course : Describe the impact of the P.R.I.C.E. of Success elements on career readiness skills. (professionalism, respect, integrity, caring, engagement)

Find what the company total fixed expenses are p : Net operating income is P30,000, and its selling and administrative expenses total P140,000. The company's total fixed expenses are P

Analyze an artifact of popular culture : Create a logical written argument about values and popular culture which includes scholarly research. Analyze an artifact of popular culture from multiple.

User Account

All Pages

How much of total labor cost should be charged to overhead

Reference no: EM132738730

Reference no: EM132738730

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT