The manufacturing overhead budget of Reigle Corporation is based on budgeted direct labor-hours. The February direct...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The manufacturing overhead budget of Reigle Corporation is based on budgeted direct labor-hours. The February direct labor budget indicates that 9,800 direct labor-hours will be required in that month. The variable overhead rate is $6.6 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $87,360 per month, which includes depreciation of $21,820. All other fixed manufacturing overhead costs represent current cash flows. Required: 1. Determine the cash disbursements for manufacturing overhead for February. 2. Determine the predetermined overhead rate for February. Note: Round your answer to 2 decimal places. 1. Cash disbursements for manufacturing overhead 2. Predetermined overhead rate The manufacturing overhead budget of Reigle Corporation is based on budgeted direct labor-hours. The February direct labor budget indicates that 9,800 direct labor-hours will be required in that month. The variable overhead rate is $6.6 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $87,360 per month, which includes depreciation of $21,820. All other fixed manufacturing overhead costs represent current cash flows. Required: 1. Determine the cash disbursements for manufacturing overhead for February. 2. Determine the predetermined overhead rate for February. Note: Round your answer to 2 decimal places. 1. Cash disbursements for manufacturing overhead 2. Predetermined overhead rate
Expert Answer:
Answer rating: 100% (QA)
The question provides the following information Budgeted direct laborhours for February 9800 hours V... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The real risk-free rate is 2.25%. Inflation is expected to be 1.50% this year and 3.50% during the next 2 years. Assume that the maturity risk premium is zero. What is the yield on 2-year Treasury...
-
Debate the case of external governance versus internal governance with reference to the Steinhoff debacle.
-
4. The assets listed below belongs to Paradise Ltd and the information for each asset on 31 December 2011 are given. ACCUMULATED DEPRECIATION ASSET COST MOTOR RM 258400 RM 119000 VEHICLE DEPRECIATION...
-
Assume you are given the following abbreviated financial statements: On the basis of this information, calculate as many liquidity, activity, leverage, profitability, and common stock measures as you...
-
The Consumer Reports National Research Center conducted a telephone survey of 2000 adults to learn about the major economic concerns for the future (Consumer Reports, January 2009). The survey...
-
The approach taken to payment and the design of remuneration systems varies very considerably from country to country? L01
-
If two events are independent,
-
The balance sheet items for The Oven Bakery (arranged in alphabetical order) were as follows at August 1, 2011. (You are to compute the missing figure for Retained Earnings.) During the next two...
-
Crane, Inc. operates three divisions, Weak, Average, and Strong. As it turns out, the Weak division has the lowest operating income, and the president wants to close it. Survival of the fittest, I...
-
Moravanti Italian Imports has four employees and pays biweekly. On Form W-4, complete Step 2, the Multiple Jobs Worksheet (when applicable) to obtain the amount for Step 4(c). Calculate the federal...
-
Total for this Context: 50 marks Context 2 THE UK CULTURAL ECONOMY - ENJOYING THE BRIGHTER SIDE OF LIFE Study Extracts D, E and F, and then answer all parts of Context 2 which follow. Extract D:...
-
Which industries gain and which industries lose from the availability of cheap natural gas produced from shale deposits? Joseph Schumpeter, an Austrian-born economist who emigrated to the United...
-
Did the value of the Canadian dollar rise or fall between Tuesday and Wednesday?
-
As vice president for community relations, you want to explore the possibility of developing service learning programs with several nearby colleges and universities. Using Figure 2.5, suggest the...
-
Your organization initiated a project to raise money for an important charity. Assume that there are 1,000 people in your organization. Also, assume that you have six months to raise as much money as...
-
A \(20-\mathrm{cm}\)-long rod, with uniform linear charge density \(100 \mathrm{nC} / \mathrm{cm}\), is set up symmetrically on the \(x\) axis. What are the magnitude and direction of the electric...
-
One year T-bills presently pay 3.8% interest and two year T-notes pay 4.3%, What is the expected one year T- bill rate a year from now (1-year forward rate)? Select one: a. 6% b. 3.3% c. 4.8% d. 5%
-
DC has unused FTC carryover from 2017 in the separate category for GC income as the result of income generated by a foreign branch. The income was foreign source general category income. In 2018 the...
-
Part One: In 2012, Robin Prough opened Robins Roses, a small shop selling floral arrangements. On December 31, 2013, her accounting records show the following: Sales...
-
The following transactions were incurred by Jackson Fabricators during January, the first month of its fiscal year. Requirements 1. Record the proper journal entry for each transaction. a. $ 195,000...
-
Kara Woo, owner of Flower Power, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Woo wants to set the delivery fee based on the...
-
Cisco Systems, Inc. (CSCO), manufactures and sells networking and communications equipment for transporting data, voice, and video and provides services related to that equipment. Its products...
-
By any stretch of the imagination, Cisco Systems (CSCO) has been a strong growth company. A darling of the Internet boom of the late 1990s, it was one of the few technol- ogy companies tied to the...
-
E14.14. Valuation Grid and Reverse Engineering for Home Depot, Inc. (Medium) 2. Using the information in Exercise 14.13, calculate the implied growth rate in residual operating income that is...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App