Single plant wide factory overhead ratecalifornia chrome

Assignment Help Cost Accounting
Reference no: EM13352124

Single plant wide factory overhead rate

California Chrome Company creates three chrome-plated products-valve covers, automobile bumpers, and wheels. These products are manufactured in two production departments (Plating and Stamping). The factory overhead for California Chrome is $338,400.

The three products consume both direct labor hours and machine hours in the two production departments as given:

1. Evaluate the single plant wide factory overhead rate, using each of the subsequent allocation bases: (a) direct labor hours and (b) machine hours.

Direct labor overhead rate           $ per direct labor hour

Machine hour overhead rate      $ per machine hour

2. Evaluate the product factory overhead costs, using (a) the direct labor hour plant wide factory overhead rate and (b) the machine hour plant wide factory overhead rate.

Automobile Bumpers     Valve Covers      Wheels

Direct labor hours            $              $              $

Machine hours  $              $              $

Reference no: EM13352124

Questions Cloud

Webb corp sponsors a described benefit pension plan for its : webb corp. sponsors a described benefit pension plan for its employees. on 1st january 2012 the subsequent balances
Health care topics amp issuesin this class we encountered : health care topics amp issuesin this class we encountered the concepts vision issues characteristics and overview of
Material yr has fluctuated in price over period 10th april : material yr has fluctuated in price over period 10th april 2013 and the main accountant is unsure what price to cost
I need ephemeral answers for all questions-1 detecting : i need ephemeral answers for all questions-1. detecting unethical practices at supplier faculty please respond to the
Single plant wide factory overhead ratecalifornia chrome : single plant wide factory overhead ratecalifornia chrome company creates three chrome-plated products-valve covers
Scenario analysis evaluated cash flows for the segway : scenario analysis evaluated cash flows for the segway people moverbase casenbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp
Wallace corporation was looking to leasing a senior : wallace corporation was looking to leasing a senior administrative assistant. after hr reviewed the applications of the
Waters inc acquired 10 of denton corporation on 1st : waters inc. acquired 10 of denton corporation on 1st january 2012 for 297400 though dentons book value on that date
The manager of the manufacturing unit of an organization is : the manager of the manufacturing unit of an organization is responsible for the costs of the manufacturing unit. the

Reviews

Write a Review

Cost Accounting Questions & Answers

  Evaluate ending cash balance

Evaluate ending cash balance

  Prepare a purchases budget for the first quarter of 2011

Prepare a purchases budget for the first quarter of 2011 in units, in total, and in dollars and determine the budgeted payments for purchases of raw materials for each of the first three months of operations and for the quarter in total.

  Explain activity-based management

Evaluate how the company you selected could best allocate costs to divisions, plants, departments, contracts, and / or products. Describe your rationale.

  Questionthe dickinson company reported total income of

questionthe dickinson company reported total income of 155000 for the present year. depreciation recorded on buildings

  Calculate the present value of the cca tax shield

Determine the appropriate discount rate to evaluate the project and calculate the present value of the CCA tax shield adjusted for the salvage value of the plant.

  What bid should you present to your boss

Calculate the total bid if you base your calculations on the standard cost sheet assuming a cost plus 15% government contract and calculate the total bid if you base your calculations on the September 15, 2005, invoice assuming a cost plus 15% gover..

  Evaluation of the partners share of the business

What is the value of each partner's share of the business and what was the basis of your evaluation of the partners' share of the business?

  Journalize the withdrawal of grillini

Capital balances in Midway Co. are Mirko $40,000, Neil $30,000, and Grillini $18,000. Mirko and Neil each agree to pay Grillini $12,000 from their personal assets. Mirko and Neil each receive 50% of Grillini's equity. The partners share income equ..

  At the start of november penco refinery had work in process

at the start of november penco refinery had work in process inventory consisting of 4000 units that were 90 percent

  Prepare the accounting entries for each event

You are only required to enter the events as described in 2012; do not attempt to combine all 12 events into a single financial statement.

  Determine the net present value

A $550,000 capital investment proposal has an estimated life of four years and no residual value. The estimated net cash flows are as follows.

  Question a on june 30 2011 barbie company was considering

question a. on june 30 2011 barbie company was considering options to bolster its cash position. choice one called for

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