A production cost center charged budgeted overheads to cost units using a machine hour rate based on

Fantastic news! We've Found the answer you've been seeking!

Question:

A production cost center charged budgeted overheads to cost units using a machine hour rate based on the following estimates:

Total machine hours 10,000

Total fixed production overhead $50,000

Answer these questions below if a total 11,500 machine hours were used in actual and the total fixed production overheads is $55,000.

1. Compute the budgeted fixed production overhead absorption rate.

2. Calculate the amount of over- or under-applied overhead for the period

Related Book For answer-question

Management and Cost Accounting

ISBN: 978-1408093887

8th edition

Authors: Colin Drury

See More Books

Posted Date: Feb 01, 2024 07:07 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
The Isis Engineering Company operates a job-order costing system which includes the use of predetermined overhead absorption rates. The company has two service cost centres and two production cost...
The Hampshire Company manufactures umbrellas that sell for $12.50 each. In 2014, the company made and sold 60,000 umbrellas. The company had fixed manufacturing costs of $216,000. It also had fixed...
Explain the Mechanism & routes of administration of SEDDS (Self emulsifying drug delivery system).
Your car produces about 34 kW of power to maintain a constant speed of 31 m/s on the highway. What average force does the engine exert?
You are in charge of the purchasing, installing, and testing a new 30-ton stamping machine for a major automobile assembly line. It stamps out metal fenders and hoods for vehicles prior to painting...
Northern Group, Inc., is a Wisconsin corporation that contracts with manufacturers and suppliers to develop marketing strategies and promotions to third-party retailers. In exchange for these...
Eddie Kelly is running for reelection as mayor of a small town in Alabama. Jessica Martinez, Kelly's campaign manager during this election, is planning the marketing campaign, and there is some stiff...
A function and its graph are given. Find the domain. (Enter your answer using interval notation.) f(x) x-5 = X-8 (-0,8) U (8,00) y 10 K 5 -5 -10 X 2 4 8 10 12
The following data were obtained from a series of Charpy impact tests performed on four steels, each having a different manganese content. Plot the data and determine (a) The transition temperature...
Why doesn't the one-size-fits-all marketing approach work in all markets around the world? What are some of the risks if a company such as McDonald's or Coca-Cola uses the same marketing strategies...
Find an exact formula for the number of %'s performed by the following algorithm in terms of a and b: uint gcd1(uint a, uintb) { } for (uint d = min (a, b); d > 0; --d) if (a % d == 0 && b % d == 0)...
For the following code segment, the worst-case runtime in Big O notation: int x = 0; for(int i=0; i
A 10.0 kg toboggan slides down a frictionless icy hill with a slope of 25.0. a) Calculate the parallel component of the toboggan's weight. b) Calculate the acceleration of the toboggan
Write a JAVA code snippet that uses a while loop to output the following to the screen. Repeat the same task by replacing the while loop by a for loop. 2 4 6 8 10 Goodbye!
1. (a) Suppose a List list1 has elements "A", "B", "C", and "D". What is returned by: 1. list1.iterator () .next(); 2. list1.listIterator 3. list1.listIterator 4. list1.listIterator (4).previous();...
One liter of solution contains 3.0 g of NaOH and 8.3 g of Na, CO3. Compute the theoretical
Difference between truncate & delete
Warren Ltd is to produce a new product in a short-term venture which will utilize some obsolete materials and expected spare capacity. The new product will be advertised in quarter I with production...
An article in Management Accounting concluded that there will always be some budgetary padding in any organization. (a) As management accountant, write a report to your finance director, explaining...
A company is considering the possibility of purchasing from a supplier a component it now makes. The supplier will provide the components in the necessary quantities at a unit price of 9....
Use the Ritz variational method for the harmonic oscillator, with trial wave functions $\psi_{1}(x)=$ $e^{-y^{2} / 2}, \psi_{2}(x)=e^{-y^{2}}, \psi_{3}(x)=e^{-2 y^{2}}$, where \(y=x \sqrt{m...
Consider a two-level system, with basis $|1angle,|2angle$, and in this basis, a Hamiltonian with elements $\left(\begin{array}{ll}1 & 1 \\ 1 & 1\end{array} ight)$. Use the first form of the...
Use the practical variational method for the same harmonic oscillator ground state energy, with trial wave function $\psi_{a}(x)=e^{-a y^{2}}$.

A production cost center charged budgeted overheads to cost units using a machine hour rate based on

Question:

Expert Answer:

Sure lets answer these questions step by step 1 Compute the budgeted fixed production overhead ... View the full answer

Management and Cost Accounting

Students also viewed these accounting questions