Nulymade inc computed an overhead rate for machining costs

Assignment Help Accounting Basics
Reference no: EM13596875

NulyMade Inc. computed an overhead rate for machining costsof $10 per machine hour. Machining costs are driven by machine hours. If computed based on direct labor hours, the overhead rate for machining costs would be $20 per direct labor hour. The company produces two products, Grit and Grind. Grit requires 60,000 machine hours and 20,000 direct labor hours, while Grind requires 40,000 machine hours and 30,000 direct labor hours. Using activity-based costing, machining costs assigned to each product is?

Reference no: EM13596875

Questions Cloud

The balance sheet of hidden valley farms reports total : the balance sheet of hidden valley farms reports total assets of 450000 and 550000 at the beginning and end of the year
Earth wind and fire earth requires 80 machine setups wind : simpson co. produces three products earth wind and fire. earth requires 80 machine setups wind requires 60 setups and
What is the probability that a sample mean calculated from : what is the probability that a sample mean calculated from a sample of 100 individuals will have an average age between
Analyze the following scenario duncombe village golf course : analyze the following scenario duncombe village golf course is considering the purchase of new equipment that will cost
Nulymade inc computed an overhead rate for machining costs : nulymade inc. computed an overhead rate for machining costsof 10 per machine hour. machining costs are driven by
During 2012 victoria group 1 received cash of 5000 billed : during 2012 victoria group 1 received cash of 5000 billed to a customer in 2011 2 earned 20000 of net income 3 paid
If a lunch consisting of these two foods is to have at : a particular salad contains 4 units of vitamin a 5 units of vitamin b-complex and 2 mg of fat per serving. a nutritious
During 2012 and 2013 supplies inc drove the truck 15000 and : during 2012 and 2013 supplies inc. drove the truck 15000 and 22000 miles respectively to deliver merchandise to its
Derive expression of slope at support and deflection at : derive expression of slope at support and deflection at centre of simply supported beam with centre load

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare an income statement balance sheet and statement of

the folllowing information if available for two different types of business for the 2013 accounting period. blake

  What are the benefits of pursuing borrowing money from

what are the benefits of pursuing borrowing money from banks or other lenders approach compared to the traditional

  Determining personal after-tax yield

An investor recently purchased a corporate bond which yields 9 percent. The investor is in the 36 percent combined federal and state tax bracket. What is the bond's after-tax yield?

  The board of directors declared a stock dividend

A corporation had 13,500 shares of $5 par value common stock outstanding when the board of directors declared a stock dividend of 4,995 shares. At the time of the stock dividend, the market value per share was $19. The entry to record this div..

  In addition to her employment vanessa sells cosmetics on

1 what is vanessas filing status?2 what is vanessas agi?3 does vanessa claim the standard deduction or itemized? what

  On january 1 2011 grace company had an 13500 balance in the

on january 1 2011 grace company had an 13500 balance in the accounts receivable account and a zero balance in the

  Process costing would be most applicable

Process costing would be most applicable

  Prepare an income statement and a balance sheet

Using the information, prepare an income statement and a balance sheet for the Parsons Corporation.

  The sierra corp acquired a piece of land with a building on

the sierra corp. acquired a piece of land with a building on it for 240000. the fair value of the land is 180000 and

  Last year the us house of representatives overwhelmingly

the following two items appeared on the internet concerning the gaap requirement to expense stock options.washington

  Less withdrawals

How do you find the 'less withdrawals' for the statement of owners equity?

  On the basis of raw facts calculate material yield

on the basis of raw facts calculate material yield varianceif standard mix was 560 kg before loss it was 800 kg and

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