User Account

All Pages

What will the overhead rate be

Assignment Help Accounting Basics
Reference no: EM132461522

X Company has the following estimated costs for 2020:

Direct materials                 $65,900

Direct labor                       16,500

Factory supplies                 19,800

Factory supervision             29,700

Marketing research             43,400

Factory rent                     41,600

Sales salaries                   48,000

Factory insurance              60,100

Question 1: X Company estimates that direct labor hours for the year will be 1,100, and machines will be operated for 60,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be?

Reference no: EM132461522

Questions Cloud

MGM3115 Innovation and Entrepreneurship in Tourism : MGM3115 Innovation and Entrepreneurship in Tourism and Hospitality Assignment Help and Solution, Academies Australasia Polytechnic - Assessment Writing Service
Find what will revenue have in order for x company to earn : Assuming a tax rate of 30%, what will revenue have to be in order for X Company to earn $35,900 after taxes in 2020? In 2019, X Company's profit function
FIN 509 - Essentials-Fundamentals of Finance Assignment : FIN 509 - Essentials/Fundamentals of Finance Assignment Help and Solution - Jacksonville University, USA. How much is the lump sum value
Determine what must total sales be in order : Next year's budgeted fixed costs are $210,000. what must total sales be in order for that to happen ?Assume that the budgeted product mix will not change.
What will the overhead rate be : If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? machines will be operated for 60,000 hour
Prepare T-accounts in an Excel spreadsheet : Prepare journal entries for May and June 2019 transactions listed above (including any adjusting entries). Prepare T-accounts in an Excel spreadsheet
Determine the issuance of common stock : determine the Issuance of Common stock, Issuance of preferred stock- state dividend terms, Purchase of treasury stock, Payment of a Cash dividend
What is the actual annual rate : The terms of the loan call for monthly payments for 5 years at 6 percent interest (APR=5%). What is the actual (effective) annual rate
Consumers of different levels of wealth and well-being : And obviously, consumers of different levels of wealth and well-being populate different parts of the country.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd