What is the overhead cost assigned to job xy

Assignment Help Managerial Accounting
Reference no: EM132520805

The Kraig Corporation manufactures custom-made purses. The following data pertain to Job XY5:

Direct materials placed into production   $4,000

Direct labor hours worked                       50 hours

Direct labor rate per hour                        $15

Machine hours worked                        100 hours

Question 1: Plantwide overhead is applied using a plant-wide rate based on direct labor hours. Plantwide overhead was budgeted at $60,000 for the year and the direct labor hours were estimated to be 15,000. Job XY5 consists of 50 units. What is the overhead cost assigned to Job XY5

Reference no: EM132520805

Questions Cloud

How many loan payments must make before the loan : 9 percent compounded monthly.The loan payment is $196.99 a month. How many loan payments must you make before the loan is paid in full?
Does media help or hurt your understanding : What would be the danger of not having the press in terms of knowing about political issues that are of importance to us?
What are the phenotypic-genotypic ratios : What's the genotype of each bulldog and what are the phenotypic/genotypic ratios?
Election and voting and media assignment : Prepare a short write up about who the presidential candidates for 2020 are and what forms of media, including social media, that you are seeing.
What is the overhead cost assigned to job xy : $60,000 for the year and the direct labor hours were estimated to be 15,000. Job XY5 consists of 50 units. What is the overhead cost assigned to Job XY5
Choose a genetic traits : What are the possible social benefits of the issue? of choose your children genetic traits
Peer-reviewed criminal justice research : Explain a gap in understanding the findings in academic, peer-reviewed criminal justice research and practitioner policy development.
Ecologist would study about this interaction : The red-billed oxpecker is a bird that lives in the Savanna of Africa. These birds feed on ticks and are known to rest on the backs of large mammals
Guidance about homeland security : Does the Bible offer us guidance about homeland security in some way(s)?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Describe the activities listed under financing activities

Describe the activities listed under financing activities for the most recent fiscal year. What is the most notable financing activity reported?

  Determine the cause of the overtime is peak production

Allocate Greg's wages for the week between direct labour cost and manufacturing overhead cost. The cause of the overtime is peak production.

  Should thomas pee make or buy this part

ACC 2020 - Which product would result in a net decrease in operating income if processed into a commercial grade fertilizer

  What approach would you take when evaluating companys credit

When evaluating a company's credit history, what approach would you take? Would you accomplish this by hiring a credit bureau, a reporting management company such as Hoovers or some other method? Why or why not?

  Calculate the gain or loss on the sale

Using incremental analysis, determine whether Riverside Hospital should purchase the new scanner on January 2, 2020. (If an amount reduces the net income)

  Prepare journal entry to eliminate the underapplied

Calculate the predetermine overhead rate and Determine the Manufacturing overhead applied c. Prepare a schedule of cost of goods manufactured in good form.

  What is a duration driver in activity based costing

What is a duration driver in activity based costing? Which one? activity measured that is used for the life of an activity based costing system

  Regarding interperiod income tax allocation

There are 3 general views regarding interperiod income tax allocation: no allocation, partial allocation, and comprehensive allocation. Defend the position of an allocation of your choice (no allocation, partial or comprehensive allocation).

  What are cost drivers

A few questions though could be asked to make it easier for me to understand. Some of these are: What would you consider as an individual product? What are cost drivers?

  How is the cost of capital a factor in the decision- making

How does the amount of funds available affect choices on capital investment decisions - how is the cost of capital a factor in the decision- making process?

  This year the corporation reported

This year the corporation reported a $100,000 loss. How much of this loss may Corbin deduct?

  Product liability-regulatory agencies

Pick a product you are familiar with or interested in. What product liability issues arise for that product? What measures can management take to prevent these product liability problems from arising? How can they minimize legal risk involving the..

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