Solution-What was the balance in opeth moh control account

What was the balance in opeth moh control account

Assignment Help Cost Accounting

Reference no: EM132067467

Opeth Co. uses job order costing and uses two MOH accounts: MOH control and MOH allocated. For 2016, Opeth decided to use machine hours as its base for allocating MOH and estimated that it would use 50,000 machine hours that year. Before the year began, Opeth set a MOH rate of $25 per machine hour. During 2016 Opeth actually used 52,000 machine hours and actually spent 1,220,000 on MOH costs.

At the end of 2016, before doing any closing entries, what was the balance in Opeth's MOH control account?

Reference no: EM132067467

Questions Cloud

Allocation of resources in a modern mixed economy : Does planning play a role in the allocation of resources in a modern mixed economy?

What are the accounting principles behind this case : Maynard Company (B) Diane Maynard was grateful for the balance sheets/Statement of Financial Position (per Case 2, Maynard Company A) that her friend prepared.

Manage the property and pay howard and mary : The college will manage the property and pay Howard and Mary $40,000 annually until their deaths. At that time, the property reverts to the college.

Current cost structure for the organization : How much additional revenue will need to be generated to cover the costs of the new facilities over the next twenty years?

What was the balance in opeth moh control account : At the end of 2016, before doing any closing entries, what was the balance in Opeth's MOH control account?

Estimate the cost function for oriole lobsters : (a) Estimate the cost function for Oriole Lobsters. (Round variable cost per unit to 2 decimal places, e.g. 15.25.)

Calculate the cost of each job completed : Calculate the cost of each job completed. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,125.)

Analyze the operating cash flow for this project : For accounting, it will be depreciated straight-line to zero over the 3-year project life. At the end of the project, the fixed asset will be worthless.

What is the minimum price that the ayayai managers : (c) Using only quantitative information, what is the minimum price that the Ayayai's managers should be willing to accept from the foreign firm?

User Account

All Pages

What was the balance in opeth moh control account

Reference no: EM132067467

Reference no: EM132067467

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT