Why must a company use predetermined overhead rates when using job order costing?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
A predetermined factory overhead rate must be calculated for at least two rea...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why do companies use predetermined overhead rates rather than actual manufacturing overhead costs to apply overhead to jobs?
-
Why must a company prepare a predetermined overhead rate when using job order cost accounting?
-
Findley Company and Lemon Company both use predetermined overhead rates to apply manufacturing overhead to production. Findleys is based on machine hours, and Lemons is based on materials cost....
-
Rewrite the following sentences to reflect your audiences viewpoint. 1. We request that you include the order number with your inquiry. 2. We insist that you always bring your credit card to the...
-
Joe quits his computer programming job, where he was earning a salary of $50,000 per year, to start his own computer software business in a building that he owns and was previously renting out for...
-
Why is it especially important that operations personnel be well-trained with respect to backup and recovery procedures for a communication network?
-
Question: An aunt saw her eight-year-old nephew enter the room, remarked what a nice boy he was, and said, "I would like to take care of him now." She promptly wrote a note, promising to pay the boy...
-
Statement of Legal Debt Margin. In preparation for a proposed bond sale, the city manager of the City of Appleton requested that you prepare a statement of legal debt margin for the city as of...
-
00:21 a coursehero.com 5 of 10 QUESTION 2: (TOTAL: 50 MARKS) Amy Mcdonald has had a passion for cycling for years. She has decided to explore turning her passion into a scalable business. She has...
-
OK State Bank reports total operating revenues of $150 million, with total operating expenses of $125 million, and owes taxes of $5 million. It has total assets of $1.00 billion and total liabilities...
-
Assume that Apple produces a batch of 1,000 iPhones. Does it account for this as 1,000 individual jobs or as a job lot? Explain (consider costs and benefits).
-
Determine which of the following are most likely to be considered as a job and which as a job lot. ___________ 1. Hats imprinted with company logo. ___________ 2. Little League trophies. ___________...
-
This problem continues the Canyon Canoe Company situation from Chapter F:16. The company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle...
-
A9 10-6 C charge is at the origin. At a point (x, y) = (1.8,0) m, what is the magnitude of the electric field due to this charge? N/C At what location x along the x-axis will the electric field equal...
-
A car going initially 6 0 mi / hr hits the brakes and skids to a stop in 4 seconds. What is the acceleration in mi / hr / sec ? What is the total distance covered by the car during its deceleration?
-
Sports-Reps, Inc., represents professional athletes and movie and television stars. The agency had revenue of $12,400,000 last year, with total variable costs of $6,200,000 and fixed costs of...
-
Lender's promise to refrain from asserting his claim and demanding payment until he "needs the money" arguably is illusory. If so, Guarantor's promise is not supported by consideration and is...
-
Petroni Company reports the following selected results for its calendar year 20Y8: Net income $135,000 Depreciation expense 25,000 Loss on sale of land 5,000 Accounts receivable increase 10,000...
-
(a) Write the reaction for the beta decay of tritium. (b) Like 14 C, tritium is formed by nuclear reactions in the upper atmosphere. What is the missing product here: (c) The half-life of tritium is...
-
How does health insurance risk differ from other types of insurance risk (e.g., automobile or homeowners insurance)? What is the difference between cost sharing and cost shifting? Is retiree health...
-
Why did the federal government decide to enter the child support field?
-
Oliver, Peter, and Wendell are partners in NewTech Company. Their capital balances are $30,000, $22,000, and $15,000 respectively on November 23, 2014. They share income and losses in the ratio of...
-
Linda, Sue, and Darlene are partners in Designs Unlimited. Their capital balances are $150,000, $140,000 and $250,000 respectively on March 15, 2014. They share income and losses in the ratio of...
-
Sam, Andrews, and Mary were partners in Gana Company. The partners shared profits and losses 3:2:3, respectively. On April 1, 2014, the partnership showed the following account balances just prior to...
-
Newton claimed that objects "resist" any change to their motion. If they are moving, they would keep moving forever unless some force (like friction) affected that motion. If they are just sitting,...
-
8. In a simple pendulum with no friction, a pendulum bob swings along the circular arc indicated in the figure below mechanical energy is conserved. As the pendulum swings from point B to point C,...
-
True or false: The distinction between a joint and a fault is the separation distance
Study smarter with the SolutionInn App