What is the predetermined manufacturng overhead rate

Assignment Help Accounting Basics
Reference no: EM131622389

Question - Lisa Inc. estimates that its employees will utilize 200,000 direct labor hours during the coming year. Total overhead costs are estimated to be $6,700,000 and machine hours are estimated to be 100,000. Actual labor hours are 225,000. Actual machine hours are 90,000.

If Lisa Inc. allocates overhead based on direct labor hours, what is the predetermined manufacturng overhead rate?

Reference no: EM131622389

Questions Cloud

Find the amount of markup and the cost of the scanner : A scanner that is marked up 46% of the selling price sells for $675. Find the amount of markup and the cost of the scanner.
Describe how the concept that you identified : Write a three to four page paper in which you: Describe how the concept that you identified in Question 2 could affect the U.S. economy.
Describe the pathophysiologic progression of the infection : Examine the laboratory blood test results and arterial blood gases provided in "Discussion Question Resource: Laboratory Blood Test Results."
Find the rate of markup based on cost : Find the rate of markup based on cost and based on selling price of a blanket that costs $12.50 and sells for $38. Round to the nearest tenth percent.
What is the predetermined manufacturng overhead rate : If Lisa Inc. allocates overhead based on direct labor hours, what is the predetermined manufacturng overhead rate
Course syllabus for minimum required length : Summarize the information in words. Follow the discussion board rubric on the course syllabus for minimum required length.
Define collaborative consumption or peer economy : The judge hearing the motion. What is your decision and how did you reach your conclusion
How many units must be sold to break-even for the month : Johnson Company produces and sells a single product whose selling price is $80.00 per unit, How many units must be sold to break-even for the month
Determining the contemporary approaches : This week's Assignment is based on the "Contemporary Approaches" section of Chapter 2 and the environments of a business, explained in Chapter 3.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Brainiac company purchased a delivery truck

Brainiac Company purchased a delivery truck for $30,000 on January 1, 2010.The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years.

  Prepare the journal entry to establish the petty cash fund

Shelton Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $300 check, cashed it, and gave the proceeds.

  Auditor evidence accumulation

Which of the "decision" are relevant to the auditor's evidence accumulation?

  How might the sales and cash collection processes

How might the sales and cash collection processes at a Wal Mart store differ from the sales and cash collection processes at McDonald?

  At an activity level of 8700 machine-hours in a

at an activity level of 8700 machine-hours in a monthbraughton corporations total variable maintenance and repair

  Determine the adjusting entries and post them

Determine the adjusting entries and post them directly to the T accounts and Prepare an adjusted trial balance, an income statement, a statement of retained earrings, and a balance sheet.

  Calculate the standard fixed overhead rate

Plimpton Company produces counter top ovens. Plimpton uses a standard costing system. The standard costing system relies on direct labor hours to assign overhead costs to production.

  Davis hardware company uses a perpetual inventory system

davis hardware company uses a perpetual inventory system. how should davis record the sale of merchandise costing 620

  Harry purchases a 7 year business asset not listed property

harry purchases a 7 year business asset not listed property on july 30 2011 at a cost of 100000. harry did not elect to

  Accumulated depreciation concept

At the date of transfer, Demers records carried the equipment at a cost of $120,000 less accumulated depreciation of $48,000. Straight-line depreciation is used. Demers reported net income of $28,000 and $32,000 for 2006 and 2007, respectively.

  Consider a multiple-choice examination with 50 questions

consider a multiple-choice examination with 50 questions. each question has four possible answers. assume that a

  The percentage of uncollectible sales is 15 percent of net

during 2014 deluca company had net sales of 5700000. most of the sales were on credit. at the end of 2014 the balance

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