The manufacturing records for Krazy Kayaks at the end of the 2014 fiscal year show the following
Question:
The manufacturing records for Krazy Kayaks at the end of the 2014 fiscal year show the following information about manufacturing overhead:
Requirements
1. How many machine hours did Krazy Kayaks use in 2014?
2. Was manufacturing overhead overallocated or underallocated for the year and by how much?
3. Prepare the journal entry to adjust for the underallocated or overallocated manufacturingoverhead.
Transcribed Image Text:
Overhead allocated to production Actual manufacturing overhead costs Predetermined overhead allocation rate $ 405,900 428,000 41 per machine hour
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Requirement 1 Allocated manufacturing overhead Predetermined overhe...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Managerial Accounting questions
-
The manufacturing records for Krazy Kayaks at the end of the 2012 fiscal year show the following information about manufacturing overhead: Overhead allocated to production . . . . . . . . . . . . . ....
-
At the end of the 2014 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2015.In 2015 the encumbered goods were received at an invoiced cost of $520.How much...
-
The manufacturing records for Sporty Kayaks at the end of the 2018 fiscal year show the following information about manufacturing overhead: Overhead allocated to production...
-
According to a survey study conducted by Rossi (2013), the exchange rate predictability depends on: 1 sample period and model 2 the choice of predictor 3 forecast horizon and evaluation method 4 all...
-
Define each of the following: noble-gas core, pseudo-noble-gas core, valence electron.
-
If you draw 4 cards without replacement, what is the probability of drawing a 2, 3, 4, and 5 in order? You're drawing cards from a special deck of cards containing 20, 2, 20, 24, 30, 3, 3, 40, 4, 5.
-
4 What is the significance of user-generated content when contrasted with social media and traditional media?
-
Hall-Mark regularly supplied electronic parts to Peter Lee. On September 11, 1992, Lee gave Hall-Mark a $100,000 check for parts it had received. Hall-Mark continued to ship parts to Lee. On...
-
Pharoah Systems had net income of $4.200 billion and, at year end, 6.000 billion shares outstanding. Calculate the earnings per share for the company. (Round answer to 2 decimal places, e.g.12.52.)
-
The propeller of a ship can be modelled as a device producing a stream of water of a cylindrical shape, the radius of which is Identical to that of the propeller. For simplicity, the velocity...
-
Brooks Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required. At the beginning of 2014, the company expected to incur the...
-
June production generated the following activity in Auto Chassis Companys Work-in-Process Inventory account: June 1 balance ................ $ 20,000 Direct materials used ..............31,000 Direct...
-
Perform the indicated operations. -0.38 +4- 0.62
-
Low Desert Pottery works makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to...
-
ASSESSMENT CPCCBC5002A Monitor costing systems on medium rise building and construction projects Please provide answer to Part 2 - Monitor expenditure for a medium-rise project as per below...
-
Questions 6-8 refer to the same problem A sinusoidal wave with wavelength 2 m and amplitude 5 mm is traveling along the x axis. The wave is traveling in the -x direction at a speed of 2m/s At t = Os,...
-
Consider a circuit where one or more capacitors is discharged through a light bulb filament with a resistance of 3.0 0.3 . Assume that the resistance of the filament is constant (to within the stated...
-
3. For a vibrating string of length with fixed ends, each mode of vibration can be written as where wk ux(x, t) = M* sin(wxt + k) sin(x) and Mk, Ok are determined by initial conditions. For all k >...
-
Explain the globalization of financial markets.
-
Does log 81 (2401) = log 3 (7)? Verify the claim algebraically.
-
The following well-known and quite instructive real-life story is well suited to illustrate the dangers of stack-and-roll and the role of liquidity. At the beginning of the 1990s, Metallgesellschaft...
-
Consider how Hunter Valley Snow Park Lodge could use capital budgeting to decide whether the $11,000,000 Snow Park Lodge expansion would be a good investment. Assume Hunter Valleys managers developed...
-
What are post-audits? When are they conducted?
-
What is outsourcing?
-
Imagine you are an Investor in the Stock Market. Identify three companies in the Korean Stock Market (KOSPI) where you would like to invest. Explain your answer
-
Domino is 4 0 years old and is married out of community of property with the exclusion of the accrual system to Dolly ( 3 5 ) . They have one child, Domonique, who is 1 1 years old. Domino resigned...
-
YOU ARE CREATING AN INVESTMENT POLICY STATEMENT FOR JANE DOE General: 60 years old, 3 grown children that are living on their own and supporting themselves. She is in a very low tax rate so we don't...
Study smarter with the SolutionInn App