Which will be over castted with the one cost pool system

Assignment Help Managerial Accounting
Reference no: EM13960455

Mott Manufacturing allocates factory overhead using one cost pool with direct labor hours as the allocation base. Mott has two production departments, P1 and P2.The new accountant at Mon estimates that next year, the total factory overhead costs will be $5,000,000, and approximately 500,000 direct labor hours will be worked. The accountant also estimates that P1 will use 150,000 direct labor hours, and there will be about $3,000,000 in overhead costs in P1.P2 will use 350,000 direct labor hours, and there will be $2,000,000 in overhead costs in P2. Mon has two products, Al and Bi. It takes two direct labor hours in P1 and three direct labor hours in P2 to complete one unit of A1.lt takes one direct labor hour in P1 and four direct labor hours in P2 to complete one unit of Bl.

Required:

Which product will be undercoated and which will be over castted with the one-cost-pool system?
Support your answer with appropriate calculations. 

Reference no: EM13960455

Questions Cloud

Possible subcontractor-project assignments : Draw a network to represent the possible subcontractor-project assignments. Develop a linear model which would be used to minimize total mileage costs.
Worked for beta technology for six months : You have worked for Beta Technology for six months. In that time, you conducted informal meetings with management and other hourly and salaried employees. You also reviewed the company records related to Human Resources.
Indicate whether each variance is favorable or unfavorable : Determine the material price variance and the material quantity variance for March. Indicate whether each variance is favorable or unfavorable
Determine the value of c. compute pr(a0) and pr(b1). : Let the sample space S be the (strictly) positive integers.
Which will be over castted with the one cost pool system : Which product will be undercoated and which will be over castted with the one-cost-pool system?Support your answer with appropriate calculations.
What is the probability that the worker will be female : 64% of the workers at Motor Works are female, while 66% of the workers at City Bank are female. If one of there companies is selected at random (assume a 50-50 chance for each), and then a worker is selected at random, what is the probability that..
What is value of tangential acceleration at that location : During the Apollo lunar explorations of the late 1960's and the early 1970's, the main section of the spaceship remained in orbit about the moon with one astronaut in it while the other two astronauts descended to the surface in the landing module..
Find the probability the first guest is an uncle or a cousin : Mr. X invites 15 relatives to a party: his mother, three uncles, two aunts, four brothers, and five cousins. If the chances of any one guest arriving first are equally likely
Compute the labor rate and labor efficiency variances : Actual labor costs were $110,700 for 8,200 hours. Compute the labor rate and labor efficiency variances for the month of June.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine the denominators to be used in the calculations

Determine the denominators to be used in the calculations of cost per equivalent unit for material and conversion costs.

  The company has had superior financial performance

Assume that the cost of capital is 12 percent. Is it clear that the company has had superior financial performance?

  Accountant records the transaction

at Cadmia service , the cashier collects checks and cash from customer and the junior accountant records the transaction the journal entries and bank reconciliatins.the treasurer signs check and approves contract.

  Compute the companys predetermined overhead rate

Compute the companys predetermined overhead rate for the year - compute the underapplied or overapplied overhead for the year.

  Predict the following items for mateo company

Mateo Company's average cost per unit is $1.425 at the 16,000-unit level of activity and $1.38 at the 20,000-unit level of activity.Note: you need to calculate a total cost.

  Explain the basic deontological aspects of informational

Explain the utilitarian aspects of informational privacy for employeesExplain the basic deontological aspects of informational privacy for employers

  Prepare a production report for the assembly department

Prepare a production report for the Assembly Department for February using the weighted average method of costing. The report should disclose the physical flow of units.

  Saven travel corporation is considering several investment

saven travel corporation is considering several investment opportunities in order to diversify its operations. mr.

  Reason for resistance to major changes in job content

33.which is least likely to be the reason for resistance to major changes in job content and procedures by people who have been doing the job with moderate success for many years

  Compute the annual dollar changes and percent changes

1.Compute the annual dollar changes and percent changes for each of the followingaccounts.

  Prepare cost of goods manufactured and sold schedules

Prepare a schedule of cost of goods manufactured for the month. Prepare a schedule of cost of goods sold for the month.

  Prepare the journal entry for organic growth at january

Prepare the journal entry for Organic Growth at January 2, 2012, assuming Organic Growth estimates returns of 20% based on prior experience.

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