Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On1 July 2017. Becuits Gore installed additional baking capacity on the same oven that is referred to in Question 1. The costs that were incurred

image text in transcribed
image text in transcribed
On1 July 2017. Becuits Gore installed additional baking capacity on the same oven that is referred to in Question 1. The costs that were incurred were Additional oven space $320.000 Additional gas pipes 530,000 Creating a hole in the factory wall to enable the installation $100.000 Sealing the hole in the factory wall after installation 550.000 On1 July 2017, the carrying value of the asset can therefore be increased by O. 5500.000 $470.000 Oc$400.000 Od: $450.000 QS350.000 Spacely Enterprises uses a predetermined overhead rate in applying overhead costs to their Orbital and Lift-off departments, They use packaging cost to apply overhead in the Lift-off Department and direct labour hours to apply overhead in the Orbital Department The estimates for 2018 are as follows: Orbital Dept Lift-off Dept Direct Labour Costs $1.250,000 $1,020,000 Overhead Costs $800.000 5960,000 Packaging Costs $550.000 $125.000 Direct Labour Hours 12.500 12.500 What is the predetermined overhead rate in the Lift-off Department? @ $7.04 Ob. 52.61 Oc$10.00 . d. 57.68 O515.84 Clear my choice

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

How To Build A Cyber Resilient Organization Internal Audit And IT Audit

Authors: Eugene Fredriksen

1st Edition

1032402210, 978-1032402215

More Books

Students also viewed these Accounting questions

Question

Pay him, do not wait until I sign

Answered: 1 week ago

Question

6. Describe why communication is vital to everyone

Answered: 1 week ago