Tate Products makes pipes and applies manufacturing costs to production at a budgeted indirect-cost rate of $9

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

Question:

Tate Products makes pipes and applies manufacturing costs to production at a budgeted indirect-cost rate of $9 per direct labor-hour.The following data are from August 2014:

Direct Materials cost$300,000

Direct Labor cost (15,000 hrs @ $5/hr)75,000

Plant supervisor salary40,000

Property Taxes for the factory60,000

Depreciation on plant machinery and equip50,000

Sales commissions30,000

Administrative expenses40,000

Answer the followingtwoquestions.You must show your work for credit.

A.For August 2014, what is the amount of manufacturing overhead applied?

B.For August 2014, what is the 'actual' manufacturing overhead?

Posted Date: May 18, 2024 03:01 AM

See More Questions

Given the following table of assets held at death, how much is the probate estate worth? Asset Value (millions) Notes Investments $7 Retirement Account $6 Named Beneficiary Residence $4 Joint Tenancy...
Julie received a $50 bill for her birthday at the end of January. At the end of February, she spent this $50 and an additional $150 to buy clothes. Her parents then gave her $50 and $125 at the end...
K-Delta Company bought a building for $71,000 cash and the land on which it was located for $107,000 cash. The company paid transfer costs of $9,000 ($3,000 for the building and $6,000 for the land)....
Do you think a board member is always a board member, whether in the boardroom or carrying on private activities? Why or why not?
The FASB has defined several terms in regard to accounting for income taxes. Below are various code letters (for terms) followed by definitions. ______1. The deferred tax consequences of future...
You have found the following historical information for the Daniela Company: Stock price EPS Year 1 $ 49.24 2.59 Year 2 $ 67.43 2.65 Year 3 $ 61.19 Year 4 $ 67.07 2.82 2.81 es Earnings are expected...
A sample of wait times in minutes to be seated at two popular restaurants is shown. Use the data and the box-and-whisker plots to compare the data. Restaurant A Restaurant B 23 28 36 24 24 25 36 39...
1. (2 points) Which signal has a wider bandwidth, a sine wave with a frequency of 400 Hz or a sine wave with a frequency of 500 Hz? Why? 2. (3 points) A periodic composite signal with a bandwidth of...
What are the implications of the emergence of decentralized finance (DeFi) ecosystems on traditional banking models, regulatory frameworks, and systemic risk management within the broader financial...
BIM applications in construction management explanation of BIM for communication management
In Year 4Martha Company's net sales were $185,000, its accounts receivable at the beginning of Year 4 was $35,000, and its accounts receivable at the end of Year 4 was $45,000Calculate the accounts...
A medium-size financial services consulting firm, Phillips Financial Services, has been experiencing some workplace culture issues. The founder / CEO, Nick Phillips, has just doubled his staff to 50...
Task objective: job descriptions task description: what role does a complete and current job description play in hrm? describe at least three important uses of complete and current job descriptions....
Identify one local business that uses a perpetual inventory system and another that uses a periodic system. Interview an individual in each organization who is familiar with the inventory system and...
Marginal revenue product a. is the additional revenue that a firm obtains by employing one more unit of an input. b. will increase if an inputs productivity increases. c. will decrease if the price...
In a competitive labor market in equilibrium, a. a firms MRP = MP MR. b. a firms MRP = MP P. c. a firms MRP = MRC. d. a firms wage = MRC. e. all of the preceding are true.
In a competitive labor market, a. a firm is a wage taker. b. a firm can hire all the labor it wishes to at the market wage. c. a firm hires a small fraction of the total market quantity of labor...

Tate Products makes pipes and applies manufacturing costs to production at a budgeted indirect-cost rate of $9

Question:

Expert Answer:

Students also viewed these accounting questions