Manufacturing overhead budget

Assignment Help Financial Accounting
Reference no: EM13823321

The manufacturing overhead budget at Cutchin Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 2,900 direct labor-hours will be required in September. The variable overhead rate is $5.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,620 per month, which includes depreciation of $16,170. All other fixed manufacturing overhead costs represent current cash flows. The September cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

Reference no: EM13823321

Questions Cloud

Bond issued-equire a debit to interest expense : A $5 million, 20 year, 12% bond issued on May 1, 2011, at face with interest payable on May 1 and Nov. 1 will require a debit to Interest Expense on May 1, 2013, in the amount of:
Determine the patent amortization expense : Isolution Company acquired patent rights on January 4, 2011, for $750,000. The patent has a useful life equal to its legal life of 15 years. On January 7, 2016, Isolution successfully defended the patent in a lawsuit at a cost of $75,000. Determine t..
Ethics awareness inventory and ethical choices : Take the Ethics Awareness Inventory and Ethical Choices in the Workplace assessments to assess your values.
Resistance and ohms law : Resistance and Ohms Law
Manufacturing overhead budget : The manufacturing overhead budget at Cutchin Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 2,900 direct labor-hours will be required in September. The variable overhead rate is $5.60 per direct labor-hour..
What moral theory does jeremy bentham endorse : What moral theory does Jeremy Bentham (with whom Singer seems to agree) endorse? The conventional doctrine is endorsed by
How do GAAP and tax accounting differ : What organizational forms are required to comply with filing and reporting to the IRS, and how they are different? How do GAAP and tax accounting differ?
Stock investment transactions : Prepare the journal entries for the original purchase, the dividend, and the sale under the cost method. Stock Investment Transactions. On March 20, 10,000 shares of Thorlite Company are acquired at a price of $30 per share plus a $250 brokerage fee...
Calculate the debt to equity ratio : Calculate the debt to equity ratio for the last two years - Discuss in your own words what those ratios reveal about company

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the cost per equivalent unit for materials

The units in ending Work in Process were 85 percent complete with respect to materials and 45 percent complete with respect to conversion costs. Compute the cost per equivalent unit for materials and conversion costs.

  Accumulated depreciation-equipment and depreciation expense

At the end of its first year of operations, the trial balance of Alonzo Company shows Equipment $34,760 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $2,750.

  Which of the following is an advantage of preferred stock

Occidental Produce Company has 40,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $0.01 par value.

  Illustrate what is diluted earnings per share

During 2013 Sagar paid $750,999 cash dividends on the common stock and $ 500,000 cash dividends on the preferred stock. Net income for 2013 was $4,250,000 and the income tax rate was 40%. Illustrate what is diluted earnings per share for 2013

  Assume each cash flow is received evenly throughout the year

Cost of investment is $200,000. Estimated cash flow are $50,000 per year for 3 years and then $500,000 per year for 3 years. Assume each cash flow is received evenly throughout the year. The specified payback period is 3 years. Is the project a go?

  1 you have been hired to evaluate the payroll systems for

1. you have been hired to evaluate the payroll systems for the skip rope manufacturing company. the company processes

  Dividend policy theories

Dividend changes can be used by management as a credible communication tool to signal investors about future earnings under which of the subsequent dividend policy theories?

  Estimated total future cash flows

At the beginning of 2013, based on new marketing research, Barkley determines that the fair value of the trade name is $24,000. Estimated total future cash flows from the trade name are $26,000 on January 4, 2013.

  What is the total cost of job

What is the total cost of Job 6.15 if Business Solutions applies overhead at 50% of direct labor cost and what is the total cost of job 6.15 is Business Solutions uses activity based costing?

  What is the likely reason for this shift in financing

What is the likely reason that the adjustment for deferred income taxes when converting net income to cash flow from operations was an addition in Year 6 to Year 8 but a subtraction in Year 9 and Year 10?

  Short question on fundamentals of accounting in stock

short question on fundamentals of accounting in stock analysis.1.nbspon november 10 kendra inc. a u.s. company sold

  Determine short-run average variable cost and marginal cost

For a plant size equal to 150,000 kilowatts, determine the output level that minimizes short-run average variable costs. E. Determine short-run average variable cost and marginal cost at the output level obtained in Part (D).

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