User Account

All Pages

Prepare the journal entry to record the overhead

Assignment Help Cost Accounting
Reference no: EM13540696

Xavier & Associates Law Firm estimated its total overhead costs for 2011 to be $1.8 million. It allocates overhead based on direct labor hours. Xavier employs 11 attorneys, each working an average of 2,000 hours per year. The average annual salary for Xavier attorneys is $140,000, or approximately $70 per hour. Xavier attorneys worked a total of 23 hours and used $150 of supplies in doing work for Mr. Bailey, one of Xavier's clients.

1. What is Xavier's overhead rate?

2. Prepare the journal entry to record the overhead for the Bailey job.

3. Prepare the journal entry to record the cost of supplies for the Bailey job.

4. Prepare the journal entry to record the cost of labor for the Bailey job.

Reference no: EM13540696

Questions Cloud

What would be the average power supplied to the hairdryer : in the U.K, the power companies supply an rms voltage of 240V to most home outlets. If you were to try and use your standard U.S. rated 1790W (at 120V) hairdrying in the u.K
Show what was the book value of the equipment : What was the annual amount of depreciation for the years 2011, 2012, and 2013, using the straight-line method of depreciation and what was the book value of the equipment on January 1, 2014
What is the period of this motion in seconds : You have a spring and you measure its natural length to be 10.0 cm. When you hang the massless spring from the ceiling and attach a 4kg mass to it, What is the period of this motion in seconds
Explain the central atom in a molecule has three regions : The central atom in a molecule has three regions of high electron-pair density. What type of hybrid orbitals are formed by the central atom
Prepare the journal entry to record the overhead : Prepare the journal entry to record the overhead for the Bailey job and prepare the journal entry to record the cost of supplies for the Bailey job.
Calculate how long does it take him to reach the south shore : A 75 N man stands in the middle of a frozen pond of radius 20.0 m. He is unable to get to the other side because of a lack of friction between his shoes and the ice. How long does it take him to reach the south shore
Beads are then given identical charges : Two cylindrical glass beads each of mass m = 44 mg are set on their flat ends on a horizontal insulating surface separated by a distance d = 3 cm. The coefficient of static friction between the beads and the surface is ?s = 0.2. The beads are then gi..
Calculate how much tension does the beam experience : A 3 meter long cylindrical support beam (diameter 1 cm) increases in length by 3 mm. how much tension does the beam experience
Calculate amount of revenue that heartstrings will recognize : Heartstrings sold 25 of these packages for a total of $11,280 in cash. For the month of October, calculate the amount of revenue that Heartstrings will recognize.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Question 1 evaluate the price of a 1 million bond issue

question 1 evaluate the price of a 1 million bond issue under each of the given independent assumptionsnbspnbspnbsp

  Select a public university system and review the financial

select a public university system and review the financial statements and audit report for the system. write a three to

  Issues surrounding activity-based costing

Ethical Issues Surrounding Activity-Based Costing and What ethical issues do you see in this scenario? How would you resolve them?

  Why should weatherholt report unamortized bond discount

On January 1, Weatherholt Inc. issued $3,000,000, 9% bonds for $2,817,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Jean Loptein uses the effective-interest method of amortizing bond discount..

  Question 1capital co has a capital structure based on

question 1capital co. has a capital structure based on existing market values that consists of 28 percent debt 5

  What is the balance in dowells lease liability

What is the balance in Dowell's lease liability? An amortization schedule will be helpful in determining this amount.

  Spoiled baby corp sells kid buggies and has decided to

spoiled baby corp sells kid buggies and has decided to expand its operations. it requires borrowing 500000 for 18

  Q spoiled baby corp sells baby buggies and has started an

q spoiled baby corp sells baby buggies and has started an equipment replacement project. you are needed to evaluate the

  For each of the subsequent independent cases evaluate the

for each of the subsequent independent cases evaluate the units or equivalent units requested assuming weighted-average

  The business cuella-ro

The business CUELLA-RO S.A. has the following data related to its equity structure in 2009. Define six strategies for it to change from situation A to objective situation B, desirably for 2010.

  Evaluate the effectiveness of regulations such as

evaluate the effectiveness of regulations such as sarbanes-oxley act over minimizing the corporate fraud and protecting

  What would be your holding period return

Determine the growth rate of the company for each of next three years and everything else will be unchanged but the required rate on equity will decrease to 14%. What would be your holding period return for the year?

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