Assume that a companys total estimated fixed overhead cost for the coming year is $100,000 and its
Question:
Assume that a company’s total estimated fixed overhead cost for the coming year is
$100,000 and its estimated variable overhead cost is $3.00 per direct labor-hour. If the company estimates that it will work 50,000 direct labor-hours in the coming year, what is its predetermined overhead rate per direct labor-hour?
a. $2.00
b. $3.00
c. $4.00
d. $5.00
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Choice d At an activity level of 50000 direct laborhours Y 100000 3 pe...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
ISE Introduction To Managerial Accounting
ISBN: 9781260091755
8th Edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
Question Posted:
Students also viewed these Business questions
-
Suppose Table 2 shows your demand schedule for CDs. (a) What is your total utility from four CDs? (b) What is your marginal utility from the fourth CD? (c) If the price is $2, how much will your...
-
Consider the following time series: a. Use PH Stat and set = 0.05 to test this time series for positive autocorrelation. b. Verify your Durbin Watson statistic using Excel. 186175 a11211 112345...
-
LLJ Satellites: Variance Analysis and Budgeting Jack Childs is nervous about his company's future performance. The Childs family own 40% of the shares of LLJ Satellites, and generally has control...
-
The following exercises are of mixed variety. Factor each polynomial. x 2 - 2xy + y 2 - 4
-
Your physics instructor drops a magnet through a long vertical copper pipe and it moves slowly compared with the drop of a nonmagnetized object. Provide an explanation.
-
An access code consists of two characters. Each character can be any alphabet from A through Z, and each alphabet can be repeated. (a) What is the probability of randomly selecting the correct access...
-
Explain an auditor's role during a physical inventory observation.
-
1. Suppose you wanted to predict Winnings ($) using only the number of poles won (Poles), the number of wins (Wins), the number of top five finishes (Top 5), or the number of top ten finishes (Top...
-
George bought the following amounts of Stock A over the years: Note: Loss amounts should be indicated with a minus sign. Stock A Stock A Date Purchased 11/21/1996 Number of Shares 1,150 Adjusted...
-
Which of the following statements is true? (You may select more than one answer.) a. Manufacturing overhead is an indirect cost. b. Because manufacturing overhead includes fixed costs, the...
-
Which of the following statements is false? (You may select more than one answer.) a. Absorption costing assigns fixed and variable manufacturing overhead costs to products. b. Job-order costing...
-
The Section 8 program for housing assistance discussed in this chapter in effect shifts out the demand curve for low income housing in a given community. Draw supply and demand diagrams that are...
-
What is partial dependency? With what normal form is it associated?
-
How does performance management contribute to fostering a culture of continuous improvement and learning within an organization ?
-
Digital multimeters used as voltmeters or ammeters have a certain resistance. A voltmeter should have a small current through it and an ammeter should have a small potential drop across it. a)Knowing...
-
How does Performance Management align with talent development and succession planning initiatives within an organization?
-
How does Performance Management contribute to organizational success in today's dynamic business environment?
-
Oxford Company has five employees. All are paid on a monthly basis. The fiscal year of the business is June 1 to May 31. The accounts kept by Oxford Company include the following: The following...
-
For the following exercises, find the area of the triangle. Round to the nearest hundredth. 22 50 36
-
Gamma Medicals stock trades at $90 a share. The company is contemplating a 3-for-2 stock split. Assuming that the stock split will have no effect on the total market value of its equity, what will be...
-
Northern Pacific Heating and Cooling Inc. has a 6-month backlog of orders for its patented solar heating system. To meet this demand, management plans to expand production capacity by 40 percent with...
-
Petersen Company has a capital budget of $1.2 million. The company wants to maintain a target capital structure which is 60 percent debt and 40 percent equity. The company forecasts that its net...
-
CU, Incorporated (CUI), produces copper contacts that it uses in switches and relays. CUI needs to determine the order quantity, Q, to meet the annual demand at the lowest cost. The price of copper...
-
Aulman Inc. has a number of divisions including a Furniture Division and a Motel Division. The Motel Division owns and operates a line of budget motels located along major highways. Each year, the...
-
The operations vice president of Home Bank has been interested in investigating the efficiency of the bank's operations. She has been particularly concerned about the costs of handling routine...
Study smarter with the SolutionInn App