Abel Company's manufacturing overhead is 20% of its total conversion costs. If direct labor is $38,000 and
Question:
Abel Company's manufacturing overhead is 20% of its total conversion costs. If direct labor is $38,000 and if direct materials are $47,000, the manufacturing overhead is:
A)$152,000
B)$11,750
C)$21,250
D)$9,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
D 9500 is the correct option Conversion costs Direct labor Manufacturing ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
The direct labor budget of Krispin Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours. The company's variable manufacturing overhead rate...
-
Highland Shortbread, Ltd. , of Aberdeen, Scotland, produces a single product and uses a standard cost system to help control costs. Manufacturing overhead is applied to production on the basis of...
-
The cost formulas for Echo Company's manufacturing overhead costs are given below. Prepare an annual flexible budget for production at the 15 and 25 thousand machine hour levels. Include all these...
-
Show that the angular wave number k for a non-relativistic free particle of mass m can be written as in which K is the particle's kineticenergy 27 V2mK k =
-
The acceleration function (in m/s2) and the initial velocity are given for a particle moving along a line. Find (a) The velocity at time and (b) The distance traveled during the given time interval....
-
A number of terms are listed below: Absorption costing ............. super-variable costing Theoretical capacity ............ practical capacity Normal capacity .............. master budget capacity...
-
What are the duties of the operator? Nonoperator?
-
On May 1, 2012, Noah Unlimited issues 9%, 20-year bonds payable with a maturity value of $200,000. The bonds sell at 103 and pay interest on May 1 and November 1. Noah Unlimited amortizes bond...
-
Part 3 of 3 Points: A car dealership has 6 red, 14 silver, and 5 black cars on the lot. Ten cars are of the dealership. Complete parts (a) through (c) below. (a) Find the probability that 4 cars are...
-
Three entrepreneurs were looking to start a new brewpub near Sacramento, California, called Roseville Brewing Company (RBC). Brewpubs provide two products to customersfood from the restaurant segment...
-
Jordan Aluminum Supplies has the following financial statements, which are representative of the company's historical average. Jordan is expecting a 20 percent increase in sales next year, and...
-
Adams, Inc. customers mail in their orders to the Adams customer service center where clerks open the orders and review them for accuracy. The clerks then key orders into the computer at which time...
-
Volusia Company reported the following comparative balance sheets for 2009: Additional information: 1. Net income for 2009 was $15,300. 2. Cash dividends of $10,500 were declared and paid during...
-
1 . Explain why there is a difference of $12 between total liabilities and equity on the corporate balance sheet and on the single proprietorship balance sheet. 2.Explain the differences between...
-
Suppose Jorge is in the process of determining his business's stakeholders. When he decides on the level of urgency for each, what is the finding? The amount of resources The amount of interest The...
-
Amanda's organization has very specific audit requirements it needs to meet. What process should she use to ensure that her organization's use of the cloud meets those requirements?
-
1. Why do people in teams often tolerate social loafers? 2. Is high cohesiveness in teams always a good thing? Explain. 3. Have advances in communication technology, like texting, email, or...
-
Identify which storyline in the movie you believe was the best or most compelling illustration of copyright law and its application (either positive or negative); 2) Identify the type of musical...
-
The uniform slender bar of mass m and length l has no angular velocity as end A strikes the ground against the stop with no rebound. If a = 15, what is the minimum magnitude of the initial velocity v...
-
Prove the result that the R 2 associated with a restricted least squares estimator is never larger than that associated with the unrestricted least squares estimator. Conclude that imposing...
-
Security Brokers Inc. specializes in underwriting new issues by small firms. On a recent offering of Beadles Inc., the terms were as follows: The out-of-pocket expenses incurred by Security Brokers...
-
The Beranek Company, whose stock price is now $25, needs to raise $20 million in common stock. Underwriters have informed the firms management that they must price the new issue to the public at $22...
-
The Beranek Company, whose stock price is now $25, needs to raise $20 million in common stock. Underwriters have informed the firms management that they must price the new issue to the public at $22...
-
Liguanea golf club sells the finest number of golf clubs in Jamaica. The company expects the following sales for the quarter ended 31 June 2021: Sales (400 sets @ $600) $240,000 Variable costs Fixed...
-
1. Case Exhibit 2 presents monthly data of units produced and sold and actual costs incurred for 24 months. Using this data calculate the VC per unit and the total monthly FC. 2. For each Costs...
-
In general, primary sources must be looked at first for how to treat an issue. If primary sources do not deal with the specific issue, the entity should use accounting policies that are consistent...
Study smarter with the SolutionInn App