Antoine Machining estimated its manufacturing overhead to be $279,000 and its direct materials costs to be $450,000
Question:
Antoine Machining estimated its manufacturing overhead to be $279,000 and its direct materials costs to be $450,000 in Year 1. Three of the jobs that Antoine Machining worked on in Year 1 had actual direct materials costs of $15,000 for Job AM002, $55,000 for Job AM005, and $70,000 for Job AM008. For Year 1, actual manufacturing overhead was $313,000 and total direct materials cost was $540,000. Manufacturing overhead is applied to jobs on the basis of direct materials costs using predetermined rates.
Required
a. How much overhead was assigned to each of the three jobs, AM002, AM005, and AM008?
b. What was the over- or underapplied manufacturing overhead for Year 1?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
a b Total manufacturing overhead applied is 334800 ...View the full answer
Answered By
Nicholas Maina
Throughout my tutoring journey, I've amassed a wealth of hands-on experience and honed a diverse set of skills that enable me to guide students towards mastering complex subjects. My proficiency as a tutor rests on several key pillars:
1. Subject Mastery:
With a comprehensive understanding of a wide range of subjects spanning mathematics, science, humanities, and more, I can adeptly explain intricate concepts and break them down into digestible chunks. My proficiency extends to offering real-world applications, ensuring students grasp the practical relevance of their studies.
2. Individualized Guidance:
Recognizing that every student learns differently, I tailor my approach to accommodate various learning styles and paces. Through personalized interactions, I identify a student's strengths and areas for improvement, allowing me to craft targeted lessons that foster a deeper understanding of the material.
3. Problem-Solving Facilitation:
I excel in guiding students through problem-solving processes and encouraging critical thinking and analytical skills. By walking learners through step-by-step solutions and addressing their questions in a coherent manner, I empower them to approach challenges with confidence.
4. Effective Communication:
My tutoring proficiency is founded on clear and concise communication. I have the ability to convey complex ideas in an accessible manner, fostering a strong student-tutor rapport that encourages open dialogue and fruitful discussions.
5. Adaptability and Patience:
Tutoring is a dynamic process, and I have cultivated adaptability and patience to cater to evolving learning needs. I remain patient through difficulties, adjusting my teaching methods as necessary to ensure that students overcome obstacles and achieve their goals.
6. Interactive Learning:
Interactive learning lies at the heart of my approach. By engaging students in discussions, brainstorming sessions, and interactive exercises, I foster a stimulating learning environment that encourages active participation and long-term retention.
7. Continuous Improvement:
My dedication to being an effective tutor is a journey of continuous improvement. I regularly seek feedback and stay updated on educational methodologies, integrating new insights to refine my tutoring techniques and provide an even more enriching learning experience.
In essence, my hands-on experience as a tutor equips me with the tools to facilitate comprehensive understanding, critical thinking, and academic success. I am committed to helping students realize their full potential and fostering a passion for lifelong learning.
4.90+
5+ Reviews
16+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Aspen Company estimates its manufacturing overhead to be $625,000 and its direct labor costs to be $500,000 for year 2. Aspen worked on three jobs for the year. Job 2-1, which was sold during year 2,...
-
Mark Corporation estimates its manufacturing overhead to be $90,000 and its direct labor costs to be $200,000 for year 1. The actual direct labor costs were $50,000 for Job 301, $75,000 for Job 302,...
-
Southern Rim Parts estimates its manufacturing overhead to be $495,000 and its direct labor costs to be $900,000 for year 1. The first three jobs that Southern Rim worked on had actual direct labor...
-
Boneyard Biscuits Dutch auction for an IPO was a great success. The firm offered 100 million shares. Bids appear below. a. What is the clearing price? b. What options do Boneyard and its underwriters...
-
Some people say the hard skills (technical, finance, quantitative analysis) are more important for managers than soft skills (interpersonal), and some say the opposite is true. What is your view?
-
Discuss the kinds of 'off the peg' research a marketer can buy in to that is useful in marketing communications' terms.
-
Farmer D. Jones has a crop of grapefruit that will be ready for harvest and sale as 150,000 pounds of grapefruit juice in 3 months. Jones is worried about possible price changes, so he is considering...
-
In Section 5.5, we showed the following two-person, zero-sum game had a mixed strategy: a. Use dominance to reduce the game to a 2 2 game. Which strategies are dominated? b. Determine the optimal...
-
(Corporate income tax) The William B. Waugh Corporation is a regional Toyota dealer. The firm sells new and used trucks and is actively involved in the parts business. During the most recent year the...
-
The following balance sheet was prepared for Jared Corporation as of December 31, 2011. The following additional information relates to the December 31, 2011, balance sheet. (a) Cash includes $4,000...
-
Linzee Liners estimates that its manufacturing overhead will be $1,725,000 in Year 1. It further estimates that direct labor costs will amount to $750,000. During March, Linzee worked on four jobs...
-
Wanda Instrumentation produces navigational equipment for ships, aircraft (both staffed and drones), and land vehicles. The parts are produced to specification by their customers. Depending on the...
-
(a) What is the energy of a photon that has wavelength 0.10m? (b) Through approximately what potential difference must electrons be accelerated so that they will exhibit wave nature in passing...
-
Explain the difference between the following: concessionary system contractual system
-
Define the following terms: domestic market obligation ringfencing cost oil profit oil capital uplift production bonus sliding scale royalty tax holiday royalty holiday government participation
-
In situations where a significant development expenditure has been made, but a portion of the related proved reserves are not yet developed, it is necessary to a. Exclude a portion of the development...
-
The price at ____________ is typically used as the price benchmark for spot trades of natural gas. a. WTI b. US Gulf Coast c. Rotterdam/Northwest Europe d. Henry Hub e. None of these
-
_____________is a measure that may be used to evaluate the extent to which a company is controlling its operating costs or how efficiently the company is getting oil and gas out of the ground, or...
-
Consider the example in Figure 8.29. Suppose Trudy is a woman-in-themiddle, who can insert datagrams into the stream of datagrams going from R1 and R2. As part of a replay attack. Trudy sends a...
-
Assume that your audit team has established the following parameters for the examination of ELM's sales transactions: LO G-3 Risk of incorrect acceptance...
-
You are the division president of Stable Division of Giga-Corp. Your friend, Ligia, is the division president of Giga-Corp.s Turmoil Division. These are the only divisions. Each division has 5,000...
-
Warren Ltd. has two production departments, Building A and Building B, and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs...
-
Refer to the facts in Exercise 11-22. Assume that both Building A and Building B work on just two jobs during the month of June: RW-12 and RW-13. Costs are allocated to jobs based on labor-hours in...
-
How carbon sequestration from trees contribute to a better climate through the capacity of trees to hold carbon, and their role in helping achieve net-zero carbon dioxide .
-
1- Write program for multiplication table of num. 5. Using (while) (4 marks) 2- write program for x12 + x21 x48 + 3 9 Using (for) (6 marks)
-
Emergent states have an effect on the levels of motivation that team members experience. Motivation therefore merits specific attention. The five motivational states are as follows: Confidence,...
Study smarter with the SolutionInn App