The estimated allocation base is 39,800 machine hours and the estimated total manufacturing overhead cost is $96,300. The predetermined overhead rate to be applied to the jobs is?
Q: Do fast answer of this accounting questions
A: Step 1:The gross profit is calculated by deducting the cost of goods sold from net sales. It shows…
Q: A company has recently acquired another company and is in the process of integrating the two…
A: Step 1:The challenges associated with integrating accounting systems post-acquisition are as…
Q: Bravos direct labor cost of the fiscal year?
A: Direct materials32000givenopening stock of raw material0not givenAdd: purchases40000givenLess:…
Q: General accounting
A: 1. Calculate Geisner's Equity:Total Equity = Total Assets - Total LiabilitiesTotal Equity =…
Q: What is the project expected free cash flow for the year? General accounting
A: Calculate After-Tax EBIT:After-Tax EBIT = EBIT * (1 - Tax Rate)= $520,000 * (1 - 0.35) = $338,000…
Q: ? Solve the problem
A: Given that :Break-even point in sales = $840000Variable expenses = 65% or 0.65 of sales We know…
Q: End of the year physical inventory determined that $760,000 of goods were on hand. The following…
A: Step 1: Analysis:1. The goods in transit of $96,000 need to be added back to the closing inventory…
Q: Need help with this general accounting question not use ai please don't
A: Step 1: Define Contribution Margin and Break-Even AnalysisThe contribution margin is the difference…
Q: What is the solution?
A: Step 1: Step 2: Step 3: Step 4:
Q: The balance sheets of Davidson Corporation reported net fixed assets of $830,000 at the end of Year…
A: To calculate the fixed-asset turnover ratio, we use the following formula: Step 1: Calculate the…
Q: Cotuit Company has a current ratio of 5.9 and an acid-test ratio of 5.4. The company's current…
A: To calculate Cotuit Company's current liabilities, we can use the current ratio and acid-test ratio…
Q: General Accounting Question please answer
A: Step 1: Accounting equation Assets = Liabilities + EquityChange in Assets = Change in Liabilities +…
Q: Please provide solution this financial accounting question
A: Step 1: Define Contribution Margin RatioThe Contribution Margin Ratio (CM Ratio) represents the…
Q: General accounting question please solve
A: Step 1: Definition of Full Costing (Absorption Costing)Full costing, also known as absorption…
Q: Return on assets in 2023 ?
A: To calculate the Return on Assets (ROA), the formula is: ROA = Profit Margin on Sales × Asset…
Q: Annual interest rate of 5.2 percent?
A: To calculate the yearly earnings, use the formula for simple interest: Interest = Principal × Rate ×…
Q: Provide correct answer the general accounting question
A: Step 1: Predetermined overhead rate Predetermined overhead rate = Estimated manufacturing…
Q: What is the gross margin for September on these general accounting question?
A: Step 1: Define Gross MarginGross Margin is the amount remaining after subtracting the cost of goods…
Q: None
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: Please solve the general accounting question without use any ai please don't
A: Step 1: Define Net IncomeNet Income is the profit a company earns during a period after accounting…
Q: None
A: Step 1: Definition of Manufacturing Overhead CostsManufacturing overhead costs refer to indirect…
Q: Kindly help me with accounting questions
A: Approach to solving the question: Current Ratio = Current assets / Current Liabilities…
Q: Provide answer general accounting
A: Step 1: Definition of MarkupMarkup is the percentage difference between the cost to produce a…
Q: Financial Accounting Question please solve
A: Step 1: Free cash flow is the amount left with the company after paying its operating expenses and…
Q: MCQ 5
A: The time value of money is most relevant to long-term financial decisions, which are cash flows…
Q: The following amounts have been extracted from the accounts of Sell-It at its year-end, December 31,…
A: Step 1: Formula Gross profit = Sales - Cost of goods sold Step 2: Substitution Gross profit = Sales…
Q: ?!
A: Calculation of the Amount of Manufacturing Overhead allocated for the year based on Machine…
Q: General accounting
A: Question 1: Contribution Margin Ratio• Step 1: Calculate the Total Contribution Margin• Step 2:…
Q: Want your help with problem
A: Given:Cost of furniture = $12,700Accumulated depreciation = $10,150Cash = $2,200 Step 1: Book value…
Q: Get correct answer accounting questions
A: Step 1: Definition of Annual Interest RateThe annual interest rate reflects the rate charged over an…
Q: NO WARONG ANSWER
A: Step 1:First, calculate the book value of the office furniture: Book value = Original cost -…
Q: Please answer the following requirements on these financial accounting question
A: Step 1: Define Current Assets and DepreciationCurrent Assets include cash, accounts receivable,…
Q: General accounting
A: Step 1: Define OutputOutput refers to the inventory or units produced or sold by the organization.…
Q: What was the value of land?
A: Explanation of Land Account:The land account is a fixed asset account that records the value of land…
Q: what is the total number of equivalent units for materials during May?
A: Step 1: Key AssumptionsMaterials are added at the beginning of the production process.This means all…
Q: Need help with this financial accounting question
A: 1. Find the total number of shares issued:We know the par value of the common stock is $5 per share,…
Q: general accounting subject.
A: The accounting identity on which the double-entry accounting system is based states that Assets =…
Q: Help me
A: Explanation of Fixed-Asset Turnover Ratio:The Fixed-Asset Turnover Ratio measures how efficiently a…
Q: Incorrect solution will get unhelpful rate
A: Step 1: Calculate cost per unit (Full Costing)Full costing includes variable production costs and…
Q: Need help
A: Given:Net Sales = $1,750,000COGS = $1,365,000 Gross Profit: This represents a company's profit after…
Q: After tax cash receipt general accounting
A: Step 1: Calculate the cash flow before tax as follows:Cash flow before tax = Annual cash receipt -…
Q: What is the accounts receivable turnover?
A: Concept of Accounts Receivable Turnover:Accounts receivable turnover measures how efficiently a…
Q: Financial Accounting
A: To calculate the cost of equity, we can use the Dividend Discount Model (DDM) or the Capital Asset…
Q: general account
A: Step 1: Calculation of Applied OverheadsPredetermined overhead rate = $5 per direct labor hourDirect…
Q: General Accounting
A: 1. Calculate the Predetermined Overhead Rate:Predetermined Overhead Rate = Estimated Total…
Q: What is the opereting cash flow at this lavel of output? General accounting
A: Step 1: Definition of Operating Cash FlowOperating Cash Flow (OCF) is the cash generated from a…
Q: Financial Accounting
A: Step 1: Define Weighted Average Cost (WAC) per UnitThe Weighted Average Cost per Unit is calculated…
Q: What is wages?
A: Explanation of Wages and Salaries Payable:Wages and salaries payable refer to the amount owed to…
Q: The full disclosure principle requires (a) Only material information to be disclosed (b) All…
A: Concept of Full Disclosure Principle:The full disclosure principle requires that financial…
Q: general Account. solution need
A: Direct labor costs related to production are treated as product costs and are included in the cost…
Solve this general accounting problem
Step by step
Solved in 2 steps
- The estimated allocation base is 39,800 machine hours and the estimated total manufacturing overhead cost is $96,300. The predetermined overhead rate to be applied to the jobs is? SolveThe estimated allocation base is 39,800 machine hours and the estimated total manufacturing overhead cost is $96,300. The predetermined overhead rate to be applied to the jobs is?Provide answer to below question
- The estimated allocation base is 39,800 machine hours and the estimated total manufacturing overhead cost is $96,300. The predetermined overhead rate to be applied to the jobs is? Give me AnswerIf annual overhead costs are expected to be $ 784000 and direct labor costs are expected to be $ 1000000, then if the activity base is direct labor costs: a. a predetermined overhead rate cannot be determined. b. for every dollar of manufacturing overhead, 1.28 cents of direct labor will be assigned. c. for every dollar of direct labor, 78.4 cents of manufacturing overhead will be assigned. d. $ 1.28 is the predetermined overhead rate.Using the pre-determined overhead rate calculated above, calculate the overhead that would be allocated to a product that uses 3.5 hours of machine time. What will happen if actual overhead costs turn out to be higher or lower than this calculation? predetermined overhead rate calculated above: $25/ hour of machine run time
- Figuring a predetermined overhead rate using direct materials as the allocation base. $130500 estimated manufacturing overhead cost and $87000 as allocation base. Then whats next in the formulaWhat is the predetermined overhead rate ?What is the predetermined overhead rate to be applied to the jobs?
- Goodman Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled 50,000 and ending work in process equaled 7,000 units. Goodman had no beginning work in process inventory. Conversion costs are applied equally throughout production, and materials are applied at the beginning of the process. How much is the materials cost per unit if ending work in process was 40% complete and total materials costs equaled $500,000? O $10.00 O $9.77 O $8.77 O $11.63For its maintenance cost pool, Hayek Manufacturing Company expected an overhead cost of $420,000 and an estimated 8,400 machine hours. The actual overhead cost for that cost pool was $445,000 for 8,900 actual machine hours. The activity-based overhead rate (ABOR) used to assign the costs of the maintenance cost pool to products is __.What is the predetermined overhead rate?