Manufacturing overehad has an over allocated balance

Assignment Help Financial Accounting
Reference no: EM13906212

Manufacturing overehad has an over allocated balance of 7500, raw materials inventory of 62000 works in process of 34000 finished goods of 25000 and a Cost of goods sold is 135000. After adjusting for the over allocated manufacturing overhead what is cost of goods sold

a. 142500

b. 135000

c. 7500

d.127500

Reference no: EM13906212

Questions Cloud

Weighted average accumulated expenditures on construction : On March 1, 2012 newton company purchased land for an office site by paying $900,000 cash. Began construction on the office building on March 1. The office was completed and ready for occupancy on July 1 to help pay for construction, $1,200,000 was b..
The human resources department worked : The human resources department worked with management to carefully craft a Code of Ethics. All employees received a copy of the code and were required to sign off stating that they had read the code and agreed to abide by its conditions. If an issue ..
Explain core concepts of human resource management : Explain core concepts of human resource management common in today's global workplace for promoting shared values throughout an organization
Profitability index : The company requires a 10% return from its investments.
Manufacturing overehad has an over allocated balance : Manufacturing overehad has an over allocated balance of 7500, raw materials inventory of 62000 works in process of 34000 finished goods of 25000 and a Cost of goods sold is 135000. After adjusting for the over allocated manufacturing overhead what is..
Personnel to market its line of luxury automobiles : JJ Motors Inc. employs 39 sales personnel to market its line of luxury automobiles. The average car sells for $17,000, and a 7 percent commission is paid to the salesperson. The amount of total monthly car sales at which JJ Motors would be indifferen..
Explain the origins of the concept of gdp : Can you define the term and also explain the origins of the concept of GDP?
Equivalent units of production are equal : Which of the following products is least likely to be produced in a process operations system? Which of the following characteristics does not usually apply to process operations systems? Equivalent units of production are equal to: Which of the foll..
Why do monopolists produce where mc=mr : Why do monopolists produce where MC=MR?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate the revised budgeted depreciation charge

Prepare journal entries, with workings and narrations, to record the changes to the carrying value of the Stimela train and the related tax in the financial statements of Enjoy-SA for the year ended 28 February 2005.

  Business of renting several apartment buildings

It has been determined that 2 tenants in $600 per month apartments and one tenant in the $1,000 per month apartment had not paid their December rent as of December 31st.

  Employee is exempt and they are absent a lot

If a employee is Exempt and they are absent a lot, does the company have the right to deduct the days worth from the employees salary?

  Desires to earn a net operating income

Stan Ross Company produces and sells a single product. Below is the information provided by Stan Ross Company: How many units must Stan Ross Company sell if the company desires to earn a net operating income that equals 15% of sales revenue?

  Interest is payable semi-annual-effective interest rate

On January 1: issued ten (10), $1,000 bonds at 102. The 5-year bonds, is dated January 1, 2014. The contract interest rate is 6%. Straight-line amortization method is used. Interest is payable semi-annual on January 1 and July 1. b. On July 1: Frick ..

  Material price variance and the material usage

What relationship might exist between the material price variance and the material usage and labor efficiency variances and what relationship might exist between the labor rate variance and the labor efficiency variance?

  Used at planning-substantive testing-final stages of audit

Used at the planning, substantive testing, and final stages of the audit. Probability that client's internal controls system will fail to prevent or detect a material misstatement.

  What risk does midwest take by using approach to budgeting

Senior managers at Midwest, Inc. meet each year to prepare the master budget.  When they return from their meeting, they present the budget to the other employees.  What risk does Midwest take by using this approach to budgeting?

  Ross corporation purchased a warehouse

During the current year, Ross Corporation purchased a warehouse for $45,000, paid $1,000 dividends, sold land for $7,900, and issued $25,000 of common stock.

  Illustrate what is the amount of gain reported in a company

Assume that only T1 and T2 are completed during the current period. Illustrate what is the amount of gain reported in A Company's consolidated financial statements?

  Actual manufacturing overhead costs

Traves Corporation incurred $69,000 of actual Manufacturing Overhead costs during October. During the same period, the Manufacturing Overhead applied to Work in Process was $68,000. The journal entry to record the application of Manufacturing Overhea..

  Current yield-capital gains yield and yield to maturity

Hooper Printing Inc. has bonds outstanding with 10 years left to maturity. The bonds have an 9% annual coupon rate and were issued 1 year ago at their par value of $1,000. However, due to changes in interest rates, the bond's market price has fallen ..

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