Cille Yuan Manufacturing Company makes only one product. The company has a normal capacity of 32,000...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Cille Yuan Manufacturing Company makes only one product. The company has a normal capacity of 32,000 units annually. Cille Yuan is expecting to produce 30,000 units next year but during the year, it actually produced 31,000 units. The company accountant has budgeted the following factory overhead costs for the coming year: Indirect materials Indirect labor Plant utilities Repairs for the plant Material handling costs Depreciation plant assets Rent of plant building Insurance on plant building P 2 per unit 144,000 plus P2 per unit 60,000 plus P0.04 per unit 20,000 plus P0.34 per unit 16,000 plus P0.12 per unit 210,000 per year 50,000 per year 12,000 per year Using the most appropriate overhead application based, the applied factory overhead for the year is Cille Yuan Manufacturing Company makes only one product. The company has a normal capacity of 32,000 units annually. Cille Yuan is expecting to produce 30,000 units next year but during the year, it actually produced 31,000 units. The company accountant has budgeted the following factory overhead costs for the coming year: Indirect materials Indirect labor Plant utilities Repairs for the plant Material handling costs Depreciation plant assets Rent of plant building Insurance on plant building P 2 per unit 144,000 plus P2 per unit 60,000 plus P0.04 per unit 20,000 plus P0.34 per unit 16,000 plus P0.12 per unit 210,000 per year 50,000 per year 12,000 per year Using the most appropriate overhead application based, the applied factory overhead for the year is
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
How will you appropriately change the solution direction without upsetting the environment? What are the immediate steps the company can take to adjust the current processes? What are some of the...
-
183.Demski Company has used a two-stage cost allocation system for many years. In the first stage, plant overhead costs are allocated to two production departments, P1 and P2, based on machine hours....
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Your friend Jin is working at Company AUS Toys, an Australian manufacturing company, selling toys to Company Toy Shop. Company Toy Shop also buys toys from Company CNY Toys in China which has fixed...
-
Your Uncle Ted just won the lottery. He is trying to find companies in which to invest his winnings. However, he is having trouble reading the financial statements because he has no idea what they...
-
The Internal Revenue Service provides considerable information over the Internet. The following site answers payroll tax questions faced by employers. Steps 1. Go to the site shown above. 2. Choose...
-
What is the primary disciplinary mechanism used by the Information Systems Audit and Control Association in relation to its members? Do you think this disciplinary mechanism is effective? Why?
-
At the beginning of the current year, Hardin Company had 20,000 shares of $ 10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock, so...
-
1 . The gas turbine uses 3 kg / s of hot air, which enters with pressure and heat of 4 bar, 7 6 0 \ deg C , exits the exhaust at 4 0 0 \ deg C and produces heat losses from the generator body of 1 5...
-
Consider how an emphasis on effectiveness instead of success might change your perspective on your assessment of personal, vocational, and relational flourishing. What changes in your attention,...
-
A shock wave advances into stagnant air at a pressure of 100 kPa and 300 K. If the static pressure downstream of the wave is tripled, what are the shock speed and the absolute velocity of the air...
-
Im on the board of directors of the B. Phillips Corporation, and the company has announced its plan to pay dividends of \($550,000\). Presently, there are 275,000 shares outstanding, and the earnings...
-
For the following true/false statements regarding concepts and uses of simple linear regression analysis, indicate whether the statement is true or false and specify what will correct a false...
-
I own 8 percent of the Standlee Corporations 30,000 shares of common stock, which most recently traded for a price of $98 per share. The company has since declared its plans to engage in a 2-for-1...
-
A 1.0-m-diameter bed used for absorption of ammonia with pure water at 298 K 298 K is packed with 25 m m 25 m m plastic Intalox saddles. Calculate the minimum water flow rate, in k g / s k g / s ,...
-
5. Create two collections in database PopularRestaurants as following and populate the collections with two json files (one for Restaurants, one for Users) using mongoimport function. Each json files...
-
When is the indirect pattern appropriate, and what are the benefits of using it?
-
When modeling a computer system, the boundaries between subsystems can be identified by: a. The physical differences between the components that make up each subsystem b. The presence of some form of...
-
Which of the following is most likely to be an example of a natural, executable workload model? a. A kernel program b. An instruction mix c. A benchmark d. A synthetic job
-
In a queuing model of a computer system, which of the following is least likely to be a server? a. processor b. An input/output device c. Memory d. A user
Study smarter with the SolutionInn App