Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Dec 12, 2020

How can I calculate the total assigned overhead of a given article using only machine-hours, it is a plant wide rate

Step by Step Solution

★★★★★

3.36 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

Overhead is the total cost of indirect materials indirect labour and indirect expenses Plantwide is ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Cost Accounting

Authors: William Lanen, Shannon Anderson, Michael Maher

3rd Edition

9780078025525, 9780077517359, 77517350, 978-0077398194

More Books

Students also viewed these Accounting questions

Question

★★★★★

A manufacturer uses machine hours to assign overhead costs to products. Budgeted information fort next year follows. Compute the plant wide overhead rate for the next year based on machine hours....

Answered: 1 week ago

Question

★★★★★

How would I calculate these different things using excel. I need to find the monthly return, the average monthly return, the average annual return, the monthly standard deviation, and the annualized...

Answered: 1 week ago

Question

★★★★★

How can using a single predetermined manufacturing overhead rate based on a unit-level cost driver cause a high-volume product to be overcosted?

Answered: 1 week ago

Question

★★★★★

Find all conjugates in C of the given number over the given field. 1+2 over Q

Answered: 1 week ago

Question

★★★★★

Examine the graph, which shows an estimate of the discrepancy between the wealth of the world's poorest countries and that of the richest countries. a. How has the distribution of wealth changed from...

Answered: 1 week ago

Question

★★★★★

List the advantages and disadvantages of horizontal, learning, virtual, liberation management, and egalitarian organization structures.

Answered: 1 week ago

Question

★★★★★

=+d) Estimating the correlation between the price of beach front homes and their age, in a neighbourhood known to have expensive homes.

Answered: 1 week ago

Question

★★★★★

Payback Period concerning payback: a. Describe how the payback period is calculated, and describe the information this measure provides about a sequence of cash flows. What is the payback criterion...

Answered: 1 week ago

Question

★★★★★

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variabie manufacturing overhead standards on...

Answered: 1 week ago

Question

★★★★★

You are the contracting officer for contract W0054219P0052 Actions for the delivery of five rail carts. Two weeks after the contract was awarded, the requiring activity informed you that they need to...

Answered: 1 week ago

Question

★★★★★

Write least a 150-word response to the following question: Break-even analysis is one of the most fundamental tools for managing any kind of business unit. Consider the management of your...

Answered: 1 week ago

Question

★★★★★

As you probably know eBay is a company that creates a auction market for individuals trying to sell any item that they may possess. This allows the creation of an after-market for new and used...

Answered: 1 week ago

Question

★★★★★

The car company Lexus works to keep customers happy after each sale, aiming to delight each customer for life. In this pursuit, Lexus is focused on which step of the consumer decision making...

Answered: 1 week ago

Question

★★★★★

ag Exercise 4 The renowned landscape gardener Archi Jardin specializes in the design and construction of gardens for residential homes. As Archi Jardin regularly receives requests from customers to...

Answered: 1 week ago

Question

★★★★★

Question 46 1 pts A ship loaded with gold and jewels sank off of the coast of Florida in 1650. A diving company finds the sunken ship in 2022 and claims the gold and jewels. Who would win and why? It...

Answered: 1 week ago

Question

★★★★★

The owners of Pixie, a normally playful puppy, didn't know why she had slowed down and would whine any time she was picked up. The answer came when a veterinarian removed the 7inch long, serrated...

Answered: 1 week ago

Question

★★★★★

hi, please help me, thanks so much 1. Best Flight, Inc., is considering three mutually exclusive alternatives for implementing an automated passenger check-in counter at its hub airport. Each...

Answered: 1 week ago

Question

★★★★★

Explain briefly what is meant by electronic data interchange (EDI). How does EDI affect a companys audit trail?

Answered: 1 week ago

Question

★★★★★

Why are accurate cost estimates important?

Answered: 1 week ago

Question

★★★★★

What are the components of total costs in the profit equation?

Answered: 1 week ago

Question

★★★★★

Valley Lawn & Tree, Inc., provides landscaping services in Eastmont. Renee Moffo, the owner, is concerned about the recent losses the company has incurred and is considering dropping its lawn...

Answered: 1 week ago

Question

★★★★★

A museum received gifts of two valuable paintings. It recorded the value of one as an asset and recognized the corresponding revenue. It gave no accounting recognition to the other. What might be a...

Answered: 1 week ago

Question

★★★★★

The following information was taken from the CAFRs of two cities of approximately the same size in the same state. 1. Compare the nancial condition of the two cities based on the following...

Answered: 1 week ago

Question

★★★★★

In each of the following scenarios, an organization receives a contribution in kind. Prepare journal entries, as necessary, to give them accounting recognition. For each, tell why you made an entry...

Answered: 1 week ago

Previous Question Next Question