Rooftop Solar estimated the following annual costs: Expected annual direct labor hours 12,000 Expected annual direct labor

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

Question:

Rooftop Solar estimated the following annual costs:

Expected annual direct labor hours 12,000

Expected annual direct labor cost $198,000

Expected machine hours 10,400

Expected material cost for the year $65,000

Expected manufacturing overhead $218,400

Job 612 used $350 of direct materials, 26 direct labor hours, and 14 machine hours. Actual labor cost is $17 per hour.

a. If Rooftop Solar allocates overhead based upon machine hours, how much is the overhead rate?

b. Determine the cost of job 612.

Related Book For answer-question

Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

See More Books

Posted Date: Feb 20, 2024 03:27 AM

See More Questions

The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Falls, Minnesota, uses a job order costing system for its batch production processes. The St. Falls plant...
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...
LLJ Satellites: Variance Analysis and Budgeting Jack Childs is nervous about his company's future performance. The Childs family own 40% of the shares of LLJ Satellites, and generally has control...
Heights Academy, a private school, serves 500 students: 200 in the middle school (Grades 6 to 8) and 300 in the high school (Grades 9 to 12). Each school group has its own assistant principal, and...
What is carriage outwards?
Define CASE, CASE tools, and a CASE environment.
A stock price $S$ is governed by where $z$ is a standardized Wiener process. Find the process that governs dS as dt +bs dz.
Magness Delivery Service completed the following transactions during December 2016: Dec. 1 Magness Delivery Service began operations by receiving 510,000 cash and a truck with a fair value of $20,000...
Weather Suppose that it snows in Greenland an average of once every 26 days, and when it does, glaciers have a 23% chance of growing. When it does not snow in Greenland, glaciers have only a 6%...
Sofia Lofts case, but under a new set of assumptions on page 11 of the case. First re-read the Sofia Lofts case, then click here to download the new page 11. Specifically, you are to write up a brief...
A semi-circular lamina of redius R is bounded by the curve x2+2=4 and the x- axis. Find (a) the center of mass if p(x,y)=x, and (b) the moment of inertia about x-axis if p(x, y) = x + y?.
Your client, Octavia, needs to sell quickly. She paid $250,000 for her condo, and her neighbor's condo sold two years ago for $300,000. A similar condo across town, however, recently sold for...
How does unconscious bias impact employment practices? Provide an example of bias in the workplace and provide three potential solutions for mitigating unconscious bias in your scenario
Assume there is a criminal case (e.g., drug trafficking) held in federal district court. Explain the following quote based on an upcoming federal drug case: "The burden of proof rests on the...
What is the Azure service used for reducing costs by committing to resource usage in advance? Azure Spot VMs Azure Hybrid Benefit Azure Reservations Azure Cost Calculator
1. List five business practices that can help reduce losses from product liability lawsuits. 2. What is the difference between negligence and strict liability? 3. Why might a party decide to commence...
Gant Co. purchased a machine on July 1, 2001, for $500,000. The machine has an estimated useful life of five years and a salvage value of $100,000. The machine is being depreciated from the date of...
Danielle has an insurance policy with a premium of $75 per month. In September she is in an accident and receives a bill worth $2990 for the repair of her own property. Her deductible is $250 and her...
Venture Company earned $8,000 of service revenue on account during 2010. The company collected $5,200 cash from accounts receivable during 2010. Required Based on this information alone, determine...
Campus Video Games (CVG) was started on January 1, 2010, when it acquired $62,500 cash from the issue of common stock. The company immediately purchased video games that cost $62,500 cash. The games...
What is the difference between a stock dividend and a stock split?
Are there actually situations in which the use of one or more of the older sales technologies might be superior to something new? When and why would older approaches perhaps be a better choice in...
Consider any three of the newer types of sales technology presented in the chapter. For each, provide as many specific applications as you can think of that could enhance the buyerseller relationship...
Why would a salesperson be reluctant to adopt CRM? What can management do to help gain salesperson adoption and usage?

Rooftop Solar estimated the following annual costs: Expected annual direct labor hours 12,000 Expected annual direct labor

Question:

Expert Answer:

a To calculate the overhead rate based on machine hours we can use the formula textOverhead Rate fra... View the full answer

Survey of Accounting

Students also viewed these accounting questions