Connery Industries manufactures wooden backyard playground equipment. Connery estimated $ 1,890,000 of manufacturing overhead and $ 2,160,000
Question:
1. Calculate Connery’s predetermined manufacturing overhead rate, assuming that the company uses direct labor cost as an allocation base.
2. How much manufacturing overhead would have been allocated to manufacturing jobs during the year?
3. At year- end, was manufacturing overhead overallocated or underallocated? By how much?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
Req 1 Predetermined manufacturing overhead rate 1890000 2160000 of direct l...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Adam Industries manufactures wooden backyard playground equipment. Adam estimated $1,800,000 of manufacturing overhead and $2,000,000 of direct labor cost for the year. After the year was over, the...
-
Samson manufactures wooden backyard playground equipment. Samson estimated $1,800,000 of manufacturing overhead and $2,000,000 of direct labor cost for the year. After the year was over, the...
-
Rainbow manufactures wooden backyard playground equipment. Rainbow estimated $1,785,000 of manufacturing overhead and $2,100,000 of direct labour cost for the year. After the year was over, the...
-
Pew Research published survey results from two random samples. Both samples were asked, Have you listened to an audio book in the last year? The results are shown in the table below. a. Find and...
-
Assume that Table 10-15 lists test scores for four people, where the x score is from a test of memory and the y score is from a test of reasoning. Test the claim that both sets of scores are normally...
-
The data in Table 2 represent the results of a survey in which 200 people were asked their means of travel to work. (a) Use the survey data to build a probability model for means of travel to work....
-
Predicting Delayed Flights. The file FlightDelays . jmp contains information on all commercial flights departing the Washington, DC area and arriving at New York during January 2004. For each flight...
-
Paul Adams owns a health club in downtown Los Angeles. He charges his customers an annual fee of $500 and has an existing customer base of 600. Paul plans to raise the annual fee by 6 percent every...
-
Thornton Enterprises produces a product with fixed costs of $37,600 and variable cost of $3.30 per unit. The company desires to earn a $24,000 profit and believes it can sell 11,000 units of the...
-
Forecasting the Pan-Pacific Pyramid: Australia, Japan & The United States What are the current spot exchange rate for the following cross rates? a. Japaness Yen/Us dollar exchange rate b. Japanese...
-
Use your answers from S3-6 to determine the total overallocation or underallocation of manufacturing overhead during the year. Actual manufacturing costs for the year for Dimmell Pools totaled $...
-
J& B Appliance provides repair services for all makes and models of home appliances. J& B Appliance charges customers for labor on each job at a rate of $ 76 per hour. The labor rate is high enough...
-
A semiconductor material with k = 2 W/m K and electrical resistivity, = 2 10 -5 - m, is used to fabricate a cylindrical rod 40-mm long with a diameter of 10 mm. The longitudinal surface of the...
-
Conduct an audit of your mediated interpersonal and masspersonal messages. a. Using the format in Figure 2.2, plot the scope of your mediated interpersonal and masspersonal communication. b. Describe...
-
In this chapter, you learned about three main emphases for account planners: developing consumer insights, formulating a strategy, and evaluating the effectiveness of the message. Now think about...
-
The At Work box in Section 3.4 describes how organizations have the properties of a culture. Select a place of business where you have worked and describe in a few sentences its organizational...
-
Which of these best describes the business use of social networks? a. Businesses use private social networks but not public networks. b. Businesses use private and public social networks. c....
-
As student representatives, your colleagues have suggested the following six presentation purposes for a staffstudent conference. Summarize your choice, giving reasons: a. To show the audience that...
-
The energy balance equation for rectangular coordinates is given by In Example 3.1, there is no convective flow, consequently there is no heat convection, and the following terms are canceled:...
-
The overall reaction and equilibrium constant value for a hydrogenoxygen fuel cell at 298 K is 2H 2 (g) + O 2 (g) 2H 2 O(l) K = 1.28 10 83 a. Calculate E cell and G 8 at 298 K for the fuel cell...
-
Suppose you are an economist for Mattel, manufacturer of the Barbie doll, which was making an unsolicited bid to take over Hasbro, manufacturer of the G.I. Joe doll. a. Would you argue that the...
-
Helton Medical Supplies is a retailer of home medical equipment. Last year, Helton's sales revenues totaled $6,500,000. Total expenses were $2,700,000. Of this amount, approximately $1,560,000 were...
-
Bennett's Bait Shop had budgeted bait sales for the season at $20,000, with a $11,700 margin of safety. However, due to unseasonable weather, bait sales only reached $18,400. Actual sales exceeded...
-
Samantha's Repair Shop has a monthly target operating income of $12,500. Variable expenses are 50% of sales, and monthly fixed expenses are $10,000. Requirements 1. Compute the monthly margin of...
-
Use matrices (row-echelon form) to solve the following system of linear equa- tions. If the system has no solution, say that it is inconsistent. 3x + 2y = 7 x+y=3
-
For the following function : f(x) = 1/3 x^3 + 4x^2 + 16x a. Determine the critical points. b. Calculate the second derivative c. Determine if the function is concave up or down or not concave d....
-
2. An activity director for a cruise ship has surveyed 240 passengers. Of the 240 passengers; 135 like swimming, 150 like dancing, 65 like games, 80 like swimming and dancing, 40 like swimming and...
Study smarter with the SolutionInn App