Used in the predetermined overhead rate must have been

Assignment Help Financial Accounting
Reference no: EM13746296

Brown Inc. uses machine hours for its predetermined overhead rate. For the year, Brown had an over applied manufacturing cost of $2,600. The additional information for the last year is given below. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been?

Estimated Machine Hours For The Year : 17,300

Actual Machine Hours For The Year : 16,700

Actual Manufacturing Overhead Costs : $352,960

A) $362,948 B) $355,560 C) $365,541 D) $368,335 E) None

Reference no: EM13746296

Questions Cloud

When a new partner is admitted to a partnership : When a new partner is admitted to a partnership, there should be a(n)
Formed a partnership dividing income : Emerson and Dakota formed a partnership dividing income as follows: How much net income should be distributed to Emerson?
Five stages to the event planning process : There are five stages to the event planning process. Utilizing this five-stage process, develop a faux special event to be held in a location of your choice.There are many different skills and abilities that a special event manager must have to be su..
Ledger accounts-journal entries and trial balances : Chapter 3 Processing Accounting Information details how accounting information is processed. “Ledger accounts, journal entries, and trial balances are tools that allow a company to process vast amounts of data efficiently.”
Used in the predetermined overhead rate must have been : Brown Inc. uses machine hours for its predetermined overhead rate. For the year, Brown had an over applied manufacturing cost of $2,600. The additional information for the last year is given below. The estimated manufacturing overhead at the beginnin..
Establishing budgets for governmental entities : Establishing budgets for governmental entities takes on special significance because of the importance of governmental compliance with final fund budgets. Students need to understand this special emphasis in governmental accounting before applying it..
Bartons investment and fallows investment : Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivable with a face amount of $48,000 and equipment with a cost of $193,000 and accumulated depreciation of $103,000.
Cost allocation and customer profitability : Explain the relationship between cost allocation and customer profitability. Why is determining customer profitability important to a business, and how can appropriate cost allocation help accomplish that goal?
Information relates to the breakeven point : The following information relates to the breakeven point at the Princeton Corporation:

Reviews

Write a Review

Financial Accounting Questions & Answers

  Journalize the entry to record the amount of cash

The first semiannual interest payment on December 31, 2012, and the amortization of the bond discount, using the straight-line method. (Round to the nearest dollar.)

  At what point should revenue be recognized

For Christmas presents, a McDonald's restaurant sells coupon books for $10. Each of the $1 coupons may be used in the restaurant any time during the following 12 months. The customer must pay cash when purchasing the coupon book.

  How much will audrey balloon payment be in eight years

There were no other transaction costs or finance charges. How much will Audrey's balloon payment be in eight years?

  Find out the net present value for each machine

Find out the net present value for each machine and decide which machine should be purchased if the required rate of return is 10 percent. Ignore taxes

  How is total asset turnover calculated

Your original posting must be at least 250 words and your English usage must be correct. Comment on the postings of 2 other students. These comments must be at least 50 words long and should critique what the other students have said.

  Illustrate what is the optimal solution to this problem

One would like to minimize the weekly payroll (one can assume that each employee works 8 hours per day). Illustrate what is the optimal solution to this problem?

  Advance of the budget year starting

Development of assumptions and plans about the factors influencing next year's budget in advance of the budget year starting, Approval of the budget before the commencement of the budget year

  Discuss whether or not you believe that exposure drafts

Discuss how you would respond or comment to the Exposure Draft that you researched and discuss whether or not you believe that Exposure Drafts add value to the accounting pronouncement development process.

  Describe the methods of revenue recognition

Describe the methods of revenue recognition and GAAP method of revenue recognition fulfills the needs of the International Financial Reporting System?

  Analysis of relevant costing wrt acceptance of

analysis of relevant costing w.r.t. acceptance of special.relevant costs special sales order-idle versus full capacity

  How would the income recognized in the second year

What theoretical justification is there for Widjaja Companys use of the percentage-of-completion method and how would progress billings be accounted for? Include in your discussion the classification of progress billings in Widjaja Company financia..

  What was free cash flow for the fiscal year ended in 2011

Does Lowe's use the direct or indirect method to report cash flows from operating activities? How can you be sure about this? Include in your answer the first three items in the Cash from Operations section.

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