Business, 18.07.2020 22:01 yaniravivas79
The Zaf Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine hours as the cost allocation base. The following data for 2014:
Budgeted manufacturing overhead cost$4,800,000
Overhead allocation base-machine hours
Budgeted machine-hours 80,000
Manufacturing overhead costs incurred $4,900,000
Actual machine-hours 75,000
Machine-hour data and the ending balances(before proration of under or over allocated overhead) are as follows:
Costs of goods sold: actual machine hours-60,000 & end of year balance for 2014 $8,000,000
Finished goods control: actual machine hours- 11,000 & end of year balance 1,250,000
Work in process control: actual machine hours 4,000 & 750,000 for end of year balance for 2014
1. Compute the budgeted manufacturing overhead rate for 2014
2. Compute the under or over allocated manufacturing overhead of Zaf radiator in 2014. Dispose of this amount using the following:
A. Write off to costs of goods sold
B. Proration based on ending balances (before proration) in work-in-process control, finished goods control and costs of goods sold
C. Proration based on the overhead allocated in 2014 (before proration) in the ending balances of Work-in-process control, finished goods control, and cost of goods sold
3. Which method is preferred in requirement 2? Why?
Answers: 1
Business, 21.06.2019 16:30
ernst's electrical has a bond issue outstanding with ten years to maturity. these bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. the bonds are currently quoted at 96 percent of face value. what is ernst's pretax cost of debt?
Answers: 1
Business, 22.06.2019 05:30
The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?
Answers: 1
Business, 22.06.2019 09:40
As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?
Answers: 3
Business, 22.06.2019 16:00
In microeconomics, the point at which supply and demand meet is called the blank price
Answers: 3
The Zaf Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool...
Mathematics, 18.01.2021 06:20
Physics, 18.01.2021 06:20
Geography, 18.01.2021 06:20
Mathematics, 18.01.2021 06:20
Mathematics, 18.01.2021 06:20
English, 18.01.2021 06:30
Biology, 18.01.2021 06:30
Mathematics, 18.01.2021 06:30
Computers and Technology, 18.01.2021 06:30