At the beginning of the year, Badger Company estimated the following: Badger has decided to use a
Question:
At the beginning of the year, Badger Company estimated the following:
Badger has decided to use a plantwide overhead rate based on direct labor hours.
Actual data for the month of June are as follows:
Required:
1. Calculate the predetermined plantwide overhead rate.
2. Calculate the overhead applied to production for the month of June.
3. Calculate the overhead variance for the month ofJune.
Transcribed Image Text:
Cutting DeprtmntSewing DepartmentTotal Overhead Direct labor hours Machine hours $378,000 131,200 210,000 $450,000 200,000 $828,000 331,200 210,000 Overhead Direct labor hours Machine hours Cutting Department $32,612 11,800 17,840 Sewing Department $35,750 16,000 Total $68,362 27,800 17,840
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
1 Predetermined plantwide overhead rate 250 per direct labor ho...View the full answer
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Question Posted:
Students also viewed these Managerial Accounting questions
-
Carver Company uses a plantwide overhead rate based on direct labor cost. Suppose that during the year, Carver raises its wage rate for direct labor. How would that affect overhead applied? The total...
-
At the beginning of the year you bought 250 shares of Lycel Ltd. at $82 each. During the year you received dividends of $750. At the end of the year the stock is trading for $87 and you decide to...
-
At the beginning of last year you invested $30,000 in 1,500 shares of Goran Products Inc. During the year you received $4,500 as a dividend. At the end of the year you sold the shares for $18 each....
-
Given the following marginal utility schedule for good X and good Y for an individual A, given that the price of X and the price of Y are both $10, and that the individual spends all his income of...
-
What are the three main categories of manufacturing costs the owners must monitor and control? Provide examples of each.
-
In the reaction of lithium, Li, with nitrogen, N 2 , three lithium atoms react with one nitrogen atom to give the compound Li 3 N. Atoms of one of these elements lose one electron; atoms of the other...
-
MAX IM UM AFFO RD AB LE M O RTGAG E P AY M E N T. Using the maximum ratios for a conventional mortgage, how big a monthly payment could the Clinton family afford if their gross (beforetax) monthly...
-
King Construction Company began work on a contract in 2017. The contract price is $ 4,000,000, and King determined that its performance obligation was satisfied over time. Other information relating...
-
Division A manufactures electronic circuit boards. The boards can be sold either to Division B of the same company or to outside customers. Last year, the following activity occurred in Division A: $...
-
Johns Bait and Fish shop has had the monthly sales amounts listed as follows for the last four years. Assuming that there is both seasonality and a trend, estimate monthly sales for each month of the...
-
At the beginning of the year, Badger Company estimated the following: Badger uses departmental overhead rates. In the cutting department, overhead is applied on the basis of machine hours. In the...
-
At the beginning of June, Donegal Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost information: During June, two more jobs (46 and 47) were started. The...
-
Two converging lenses are placed facing each other and \(600 \mathrm{~mm}\) apart, with lens 1 to the left of lens 2 . An object is placed \(400 \mathrm{~mm}\) to the left of lens 1 , which has a...
-
4) This question concerns the simulation of price trajectories in the Black-Scholes model. We therefore want to simulate price vectors: (St St, Str); where tiit, i=0,1,..., n. The total number of...
-
Consider a pure exchange economy with two goods, (x,y), and two consumers, (1,2). Con- sumers' endowments are e (4,2) and e = (6,6) and their preferences are represented by utility functions: u(x,y)...
-
O The national highways agency releases information on the pro- portion of people not wearing seatbelts, aggregated by city. The data comes from random traffic stops conducted between 8am and 9am on...
-
Ivanka's Budgeted Income Statement You are the accountant for Ivanka Ltd which operates a small mixed business. The following estimates relate to the base year (Year 1): Sales of product A $100 000...
-
1. Implement the function of a XNOR gate by a 2 to 4 decoder. Use logic gates if needed at the output. 2. The following question is to design an octal to binary encoder. a) Write down the truth table...
-
The office copier has just quit working and is beyond repair. The big question now is what to do with it. Your boss is offering a cash prize for each of the following: (a) The longest list of ideas...
-
United Business Forms capital structure is as follows: Debt ............................................ 35% Preferred stock ........................... 15 Common equity .......................... 50...
-
A fund has a return difference of .8 percent and a tracking error of 5.9 percent. What is the funds information ratio?
-
Bradford Plumbing had the following data for a recent year: Credit sales .....................$289,000 Allowance for doubtful accounts, 1/1 (a credit balance) ... 4,120 Accounts receivable, 1/1...
-
Glencoe Supply had the following accounts receivable aging schedule at the end of a recent year. The balance in Glencoes allowance for doubtful accounts at the beginning of the year was $49,620...
-
Perkinson Corporation sells paper products to a large number of retailers. Perkinson's accountant has prepared the following aging schedule for its accounts receivable at the end of the year. Before...
-
Only need help on 4B and 5. Exercise 9-21 Breakeven Planning; Profit Planning (LO 9-2, 9-3] Connelly Inc., a manufacturer of quality electric ice cream makers, has experienced a steady growth in...
-
A project with an initial cost of $32,000 is expected to provide cash flows of $12,900, $13,100, $16,200, and $10,700 over the next four years, respectively. If the required return is 8.1 percent,...
-
A company that is expecting to receive EUR 500,000 in 60 days is considering entering into an FX futures contract to lock an exchange rate to USD for the transaction. The FX rate on the contract is...
Study smarter with the SolutionInn App