Is an actual overhead application rate better than a predetermined overhead rate? Why or why not?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Yes the actual overhead is better than the predetermined overhead rate because ...View the full answer
Answered By
Rukhsar Ansari
I am professional Chartered accountant and hold Master degree in commerce. Number crunching is my favorite thing. I have teaching experience of various subjects both online and offline. I am online tutor on various online platform.
5.00+
4+ Reviews
17+ Question Solved
Related Book For
Cost Accounting Traditions and Innovations
ISBN: 978-0324026450
4th edition
Authors: Barfield Jesse, Raiborn Cecily, Kinney Michael
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?
-
Why are actual overhead costs not used in determining periodic product cost?
-
1. A man digs 3 cubic feet per minute. Express the digging rate in cubic meters per hour. = ( 0 . 3 0 5 f t A ) 0 . 3 4 B ) 2 . 3 4 C ) 3 6 . 2 D ) 1 6 7 . 4 E ) 6 4 0 0 2. The x -...
-
A retail business, using the accrual method of accounting, owed merchandise creditors (accounts payable) $290,000 at the beginning of the year and $315,000 at the end of the year. How would the...
-
The amount of time that a customer spends waiting at an airport check-in counter is a random variable with mean 8.2 minutes and standard deviation 1.5 minutes. Suppose that a random sample of n = 49...
-
E 7-11 Consolidated income statement (constructive retirement of all subsidiary bonds) Comparative income statements for Pam Corporation and its 80 percentowned subsidiary, Sun Corporation, for the...
-
1. Does Waterways current compensation system seem to fit the companys strategy of aggressive growth and product innovation? How might it be changed to achieve a better fit? 2. Specifically, how...
-
t Knowledge Check 01 Match the term and the definition. 1. 2. 3. The date on which the board of directors officially approves a dividend The date on which a cash dividend is paid to the stockholders...
-
Speed World Cycles sells high-performance motorcycles and motocross racers. One of Speed World's most popular models is the Kazomma 900 dirt bike. During the current year, Speed World purchased eight...
-
Which document in a job order costing system would show the amount of overtime worked by a specific individual? Explain.
-
What creates under-applied or over-applied overhead when applying overhead to jobs?
-
For which reaction does K p = K c ? (a) 2 NaO(s) + 2 CO2(8) (b) FeO3(s) + 3 CO(g) 2 Fe(s) + 3 CO(g) (c) NH4NO3(s) = NO(g) + 2 HO(g) 2 NaCO3(s) + 0(g)
-
Investigate the Mercedes Benz company and you have to cover this topic " For Business prospects, Market growth, Market quality, and Environmental aspects are three most important factors. Explain...
-
The case study for Goodwill Industries and how they "do good" as a core business strategy. What are Goodwill's competitive advantages? Goodwill has found success in social services. What problems...
-
Cosmic Cals (Pty) Ltd , a seller of personalized scientific calculators, had an inventory of 40 calculators. The value of these calculators is R15 400 each on the 1 January 2022. During the current...
-
Perform an analysis of Best Buy Co. Inc. Your analysis will draw on the Form 10K (as of February 2013). Your analysis can include information prior to February 2013 but should not draw on any...
-
Research organizational structure of a company of your choice. Use your understanding of organizational structure to analyze whether this organization's structure is the best choice for the business...
-
Early in the 20th century, coordination compounds sometimes were given names based on their colors. Two compounds with the formula CoCl 3 4 NH 3 were named praseo-cobalt chloride (praseo = green)...
-
Write a function that reads a Float24_t value: Float24_t float24_read(void) A legitimate float24 value string is of the form: "mantissabexponent" where the mantissa (m) and the exponent (e) may have...
-
The manager of Blakely Company was reviewing two competing projects for the molding department. The projects represented different methods of preparing the molds for one of the company's more popular...
-
Diamante Company gathered the following data for the past two years: Required: 1. Prepare a productivity profile for each year. 2. Prepare partial income statements for each year. Calculate the total...
-
In an effort to become more competitive, Hardy Company has embarked on a program to reduce and eliminate its non-value-added activities and to improve the efficiency of its value-added activities....
-
Regarding research and experimental expenditures, which of the following are not qualified expenditures? 3 a. costs of ordinary testing of materials b. costs to develop a plant process c. costs of...
-
Port Ormond Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it is spun into yarn. The output of the Spinning Department is transferred to the Tufting...
-
Oct. 31: Paid salaries, $45,000 ( 75% selling, 25% administrtive). Data table Data table them to retail stores. The company has three inventory items: and floor lamps. RLC uses a perpetual inventory...
Study smarter with the SolutionInn App