At the beginning of the year, Badger Company estimated the following: Badger has decided to use a
Question:
At the beginning of the year, Badger Company estimated the following:
Badger has decided to use a plantwide overhead rate based on direct labor hours.
Actual data for the month of June are as follows:
Required:
1. Calculate the predetermined plantwide overhead rate.
2. Calculate the overhead applied to production for the month of June.
3. Calculate the overhead variance for the month ofJune.
Transcribed Image Text:
Cutting DeprtmntSewing DepartmentTotal Overhead Direct labor hours Machine hours $378,000 131,200 210,000 $450,000 200,000 $828,000 331,200 210,000 Overhead Direct labor hours Machine hours Cutting Department $32,612 11,800 17,840 Sewing Department $35,750 16,000 Total $68,362 27,800 17,840
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
1 Predetermined plantwide overhead rate 250 per direct labor ho...View the full answer
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Question Posted:
Students also viewed these Managerial Accounting questions
-
Carver Company uses a plantwide overhead rate based on direct labor cost. Suppose that during the year, Carver raises its wage rate for direct labor. How would that affect overhead applied? The total...
-
At the beginning of the year you bought 250 shares of Lycel Ltd. at $82 each. During the year you received dividends of $750. At the end of the year the stock is trading for $87 and you decide to...
-
At the beginning of last year you invested $30,000 in 1,500 shares of Goran Products Inc. During the year you received $4,500 as a dividend. At the end of the year you sold the shares for $18 each....
-
Given the following marginal utility schedule for good X and good Y for an individual A, given that the price of X and the price of Y are both $10, and that the individual spends all his income of...
-
What are the three main categories of manufacturing costs the owners must monitor and control? Provide examples of each.
-
A long-throated flume is installed in a trapezoidal channel using design B from Table 14.5. Compute the discharge for a head of 0.65 ft.
-
Discounts and returns Non-GST version Ashleas Importers sells home decor with credit terms of 2/15, n/30. A trade discount of 25% is given to purchases made by wholesalers. On 3 March 2025, Johnson...
-
On July 11, 1984, Jose Padilla was working as a vacation-relief route salesperson for Frito-Lay. He testified that he made a route stop at Sals Beverage Shop, where he was told by Mrs. Ramos that she...
-
1.Discuss the rationale and significance of the Security Market Line (SML) as a representation of the valuation of risky securities. 2.Outline five of the positive characteristics that are...
-
After its first month of operations, Paquette Advisors showed the following account balances in its general ledger accounts (T-accounts) as at January 31, 2020. During February, the following...
-
At the beginning of the year, Badger Company estimated the following: Badger uses departmental overhead rates. In the cutting department, overhead is applied on the basis of machine hours. In the...
-
At the beginning of June, Donegal Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost information: During June, two more jobs (46 and 47) were started. The...
-
Explain why a change in the distribution of income in a country can change the shapes of the community indifference curves for the country.
-
Role: You are a senior official of an NGO operating in Mumbai. You want to replicate the Seoul model of waste management, with a few modifications, in Mumbai. You have to pitch this idea to the BMC...
-
If yield curves, on average, were flat, what would this say about the liquidity premiums in the term structure? Would you be more or less willing to accept the pure expectations theory? A. The...
-
Create a list of ten (10) questions to ask him or her that are related to discourse in your field. For instance, you might ask about what types of speaking events the person is involved in, how...
-
Consider an interest-only closed Canadian mortgage. It is offered over 15 years; has monthly payments; the contract mortgage rate is 3%; the mortgage amount is $800,000; the roll-over period is 3...
-
A Garment Company "You are on the management team of a private apparel company. The fundamental philosophy behind the company is that apparel manufacturing should be profitable without exploiting...
-
What is your position on a law that would place the Federal Reserve under the direct control of the president of the United States and that would allow each new president to completely replace the...
-
Chris Zulliger was a chef at the Plaza Restaurant in the Snowbird Ski Resort in Utah. The restaurant is located at the base of a mountain. As a chef for the Plaza, Zulliger was instructed by his...
-
A fund has a return difference of .8 percent and a tracking error of 5.9 percent. What is the funds information ratio?
-
Bradford Plumbing had the following data for a recent year: Credit sales .....................$289,000 Allowance for doubtful accounts, 1/1 (a credit balance) ... 4,120 Accounts receivable, 1/1...
-
Glencoe Supply had the following accounts receivable aging schedule at the end of a recent year. The balance in Glencoes allowance for doubtful accounts at the beginning of the year was $49,620...
-
Perkinson Corporation sells paper products to a large number of retailers. Perkinson's accountant has prepared the following aging schedule for its accounts receivable at the end of the year. Before...
-
Consider the control system in Figure where v(t) is a sinusoidal disturbance, v(t)=sin(t). Compute the absolute value of the sensitivity function at w = 1 rad/s as a function of K. How must K be...
-
ABC Corporation, a growing tech company, decides to raise capital by issuing convertible debt securities. Convertible debt allows bondholders the option to convert their debt into a predetermined...
-
Design Analog and Digital IIR Bandstop filter considering pass band edge1 20kHz, stop band edges 22 kHz & 38kHz, pass band edge2 40kHz, sampling frequency 100kHz. Additionally, draw corresponding...
Study smarter with the SolutionInn App