Business, 18.09.2019 18:00 cvvalle15

Metal foundry in altanta comma georgia, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. at the beginning of the year, the company expected to incur the following: (click the icon to view the costs.) requirements 1. compute metal's predetermined manufacturing overhead rate. 2. how much manufacturing overhead was allocated to jobs during the year? 3. how much manufacturing overhead was incurred during the year? is manufacturing overhead underallocated or overallocated at the end of the year? by how much? 4. were the jobs overcosted or undercosted? by how much? requirement 1. compute metal's predetermined manufacturing overhead rate. determine the formula to calculate the predetermined overhead rate, then calculate the rate. estimated yearly overhead costs / estimated yearly machine hours = predetermined overhead rate $560,000 / 80,000 = $7 per machine hour requirement 2. how much manufacturing overhead was allocated to jobs during the year? determine the formula to calculate the overhead to be allocated, then calculate the manufacturing overhead allocated. manufacturing predetermined overhead rate x actual direct labor costs = overhead allocated 7 x 121 = 847

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 16:00

Straight arrow unloaded two tankers worth of toxic waste at an important port in the country of urithmea. a hundred workers worked two days in their shorts and sandals to unload the barrels from the tankers for $5 a day. they were not told about the content of the barrels. some observers felt that it was the obligation of not just the government of urithmea but also of straight arrow to ensure that no harm was done to the workers. these observers are most likely

Answers: 2

Answer

Business, 22.06.2019 01:00

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

Answers: 3

Answer

Business, 22.06.2019 04:40

Who has summer school : ( because i do : (

Answers: 1

Answer

Business, 22.06.2019 10:20

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Answers: 1

Answer

You know the right answer?

Metal foundry in altanta comma georgia, uses a predetermined manufacturing overhead rate to allocate...

Questions