Question: The following information has been given for your consideration a Estimated Factory Overhead for the next period P 500,000 b Estimated UNITS to be produced

The following information has been given for your consideration a Estimated Factory Overhead for the next period P 500,000 b Estimated UNITS to be produced u 10,000 c Materials cost for the units to be produced P 400,000 d Direct labor hours required to produce the units hrs 25,000 e Direct labor COST required to produce the units P 250,000 f Machine hours to be used hrs 80,000 Required: Compute the PRE-DETERMINED FACTORY OVERHEAD RATE BASED ON... 1 Material cost 2 Units of production 3 Machine hours 4 Direct Labor hours 5 Direct Labor cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

a. To simplify the analysis, assume for now that there is virtually no turnaround time between flights so the next flight can begin as soon as the current flight ends. (If an immediate next flight is...

Benson Inc's accounting records reflect the following inventories: Dec. 31. 2012 Dec. 31. 2020 Raw materials inventory $ 100,000 $ 80.000 Work in process inventory 130,000 145,000 Finished goods...

Charan- Bus 3/3 4-5-6 1. Mixed costs are also referred to as semivariable costs. A) True B) False 2. Indirect costs occur when A) costs are directly traced to products or services. B) controllable...

Pacific company provides the following information about its budgeted and actual results for June 2019. Although the expected June volume was 25, 000 units produced and sold, the company actually...

please assist all of them Direct materials will be purchased on credit and paid for two months after the month of purchase. 7. Direct labour costs will be paid monthly 8. Variable production...

PART B Kako-lako (Pty) Ltd manufactures and sells three different distinct beverages. As part of the standards and budget setting process, the capacities of the product lines have to be considered....

Question 3.1 Relevant costing This question consists of two independent parts (PART A and B) and both must be answered. PART A You are a Junior Management Accountant at Mask-it-up (Pty) Ltd, a...

Which of the following inventories distinguishes a merchandising company's Statement of Financial Position from that of a manufacturing company? I Raw materials Il Work in progress Ill Finished goods...

Question 3.1 Relevant costing This question consists of two independent parts (PART A and B) and both must be answered. PART A You are a Junior Management Accountant at Mask-it-up (Pty) Ltd, a...

Q.No.1 Marks : 06 Spark Cafe charges is PKR 500 for a full buffet deal per person. The manager told that the variable expenses are PKR 250 per person and fixed cost is PKR 75000 per month. Compute...

12 ' ' I I U ON A A !!! v Av Question 3. (30 marks) For the first quarter of the following year Ronaldo Company has projected sales and production in units as follows: Jan Feb Mar Sales 41,000 45,000...

If a multivariate function has continuous partial derivatives, the order in which the derivatives are calculated does not matter. Thus, for example, the function f(x, y) of two variables has equal...

Will Smith will receive $80,000 on December 31, 2017 (5 years from now), from a trust fund established by his father. Assuming the appropriate interest rate for discounting is 12% (compounded...

Which of the following is usually NOT easily traceable to finished units of product? a. Direct Labour b. Manufacturing Overhead c. Direct Material d. All of the Above

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....