FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Osprey Co. manufactures widgets. Osprey estimated they would produce 15,000 widgets in 2019, with 1.10 direct labor hours allowed per widget. Variable MOH is allocated

Osprey Co. manufactures widgets. Osprey estimated they would produce 15,000 widgets in 2019, with 1.10 direct labor hours allowed per widget. Variable MOH is allocated using direct labor hours. The predetermined variable MOH rate for 2019 is $20 per direct labor hour.

During 2019 Osprey actually produced 16,000 widgets using 17,200 direct labor hours. Actual variable MOH overhead costs were $21 per direct labor hour.

How much did Osprey estimate they would spend on Variable MOH in 2019?

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

Managerial Accounting An Introduction to Concepts Methods and Uses

Managerial Accounting An Introduction to Concepts Methods and Uses

Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil

11th edition

1111571260, 978-1111571269

More Books

Students also viewed these Accounting questions

Question

Consider the function f(x) = sin(x). (a) Give the Taylor polynomial Ps(r) of degree 5 about a = /6 of this function. Note: use the exact values of sin(7/6)= 1/2 and cos(/6)= 3/2. (b) Give the nested...

Answered: 1 week ago

Question

★★★★★
A survey reveals that 2 out of 3 people prefer Coke to Pepsi. In a college class of 36 students, find how many students are likely to prefer Pepsi.

Answered: 1 week ago

Question

★★★★★
What are the major steps in performing object-oriented design?

Answered: 1 week ago

Question

★★★★★
What happens to the value of (a) ???? when the sample size is increased? (b) ???? when the sample size is increased? (c) the power of a test when the sample size is increased?

Answered: 1 week ago

Question

★★★★★
Comas Corporation manufactures metal roofing in two departments: Pressing and Painting. Sheets of metal material are formed in the Pressing Department before being transferred to the Painting...

Answered: 1 week ago

Question

★★★★★
In a direct deposit checking account, funds are deposited once per month, on pay day, and then withdrawn over time as account holders make various payments and transfers. A study at a small bank...

Answered: 1 week ago

Question

★★★★★
Hudson Company reports the following contribution margin incomestatement. HUDSON COMPANY Contribution Margin Income Statement ForYear Ended December 31 Sales (10,000 units at $300 each) $3,000,000 2...

Answered: 1 week ago

Question

★★★★★
4. The number of daily visitors to the famous 'Bondi Beach' in Sydney, Australia, and the daily temperature on those days, were recorded for eight days in February. The table below shows this data...

Answered: 1 week ago

Question

★★★★★
Unicap Company is opening its doors to investors and shared the following prospective financial information: 2021 2022 2023 2024 Revenues 10,000,000 12,000,000 14,000,000 15,000,000 Cost of Goods...

Answered: 1 week ago

Question

★★★★★
With complete solution please and explanation. Management of the New Fangled Soft drink Company believes that the probability of a customer purchasing Red Pop or the company's major competition,...

Answered: 1 week ago

Question

★★★★★
4. By using the "Virtual Work" principle; determine the slope of point A of the below given beam. E=29 x 106 Psi A 400 lb 400 lb-ft La B IC -8 ft- 4 ft 3 in. 6 in. Section a a

Answered: 1 week ago

Question

★★★★★
Use Each given circle O. Find the indicated measures 11. mZA 12. mZE GJM-M (2x+12) E (4x-8) E-(4x-8)8800 D AN is a diameter. O AWAY Exm J

Answered: 1 week ago

Question

★★★★★
13 National Business Machine Co. (NBM) has $4 million of extra cash after taxes have been paid. NBM has two choices to make use of this cash. One alternative is to invest the cash in financial...

Answered: 1 week ago

Question

★★★★★
Troy is a qualified radiologist who operates a successful radiology practice from purpose- built rooms attached to his house. Troy works in the practice three days a week, and the other two days he...

Answered: 1 week ago

Question

★★★★★
If the benchmark debt service ratio is 10 percent, does the city have additional debt capacity? Why or why not?

Answered: 1 week ago

Question

★★★★★
A county government is preparing its capital improvement plan and the capital budget. The planning process involves a forecast of total debt needed to finance the projects in the plan. As a financial...

Answered: 1 week ago

Question

★★★★★
Use examples from your state or local governments to discuss the need for and value of managing financial risk.

Answered: 1 week ago

Previous Question Next Question