Answered: Walton Technical Services estimates…

Walton Technical Services estimates overhead costs of $22,750 for the maintenance department. The estimated number of service requests is 4,550. What is the overhead rate per service request?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 2PB: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500...

See similar textbooks

Related questions

Q: ????

A: To determine VAS Corporation's return on common stockholders' equity (ROE), we first calculated the…

Q: abc general accounting

A: Step 1: Definition of Net IncomeNet income is the profit earned by a business after subtracting all…

Q: Please give the answer general accounting

A: Step 1. Required A: Initial entry Debit Cash to increase its balance by $60,000Credit Notes payable…

Q: I need help with this solution and accounting

A: Step 1: Define Direct LaborDirect labor is recognized as a production or service worker that is…

Q: What does the selling price per unit need to be? General accounting question

A: Step 1: Definition of Contribution MarginContribution Margin is the amount remaining from sales…

Q: What is the average collection period for accounts receivable in days of this financial accounting…

A: Step 1: Define Average Collection PeriodThe Average Collection Period measures the average number of…

Q: Need answer please

A: Explanation of Manufacturing Overhead:Manufacturing overhead consists of all indirect costs incurred…

Q: Accounting problem with answer

A: Step 1: Define Cost AccountingCost accounting help managers in controlling the cost of the business…

Q: Need help with this general accounting question

A: Step 1: Definition of Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL)…

Q: Provide answer AB ?

A: Step 1: Define Variance AnalysisThe quantitative measurement of the discrepancy between actual and…

Q: FOr the love of god please help.

A: Given:Total income since incorporation = $286,000Total cash dividends paid = $58,000Total value of…

Q: Please given answer

A: Step 1: Define Loss or ProfitThe gain on the sale adds to the net income reported on the income…

Q: General Accounting

A: Step 1: Define Make-or-Buy DecisionA make-or-buy decision analyzes whether a company should continue…

Q: General accounting

A: We are tasked to compute for the Capital Gains Yield. The capital gains yield (CGY) measures the…

Q: Please give me true answer this financial accounting question

A: Step 1: Definition of Stock Price Valuation Using the Price-to-Earnings (P/E) RatioThe…

Q: ans

A: Step 1:The straight-line method is the easiest method to calculate the depreciation expense. It is…

Q: In 2011, It cost Parley Corp. $9 per unit to produce part T5. In 2012, it has increased to $12 per…

A: The Make-or-buy decision involves comparing the cost of manufacturing a part internally versus…

Q: Provide correct answer please

A: Step 1: Define Asset DisposalLong-term investments in physical assets are either sold or scrapped at…

Q: What is the variable cost per unit processd?

A: Explanation of Variable Cost:Variable cost refers to expenses that change in direct proportion to…

Q: variable costing ans

A: Step 1: Definition of Variable CostingVariable costing is a costing method where only variable…

Q: assume the cost of capital is

A: Return of the original investment:This is the initial amount Mirar Vision Clinic invested, which is…

Q: answer plz

A: Step 1: Definition of Accounting EquationThe elements of accounting are impacted each time a…

Q: do fast answer of this General accounting question

A: Step 1: DefinitionThe days sales outstanding (DSO) measures how quickly a company collects payments…

Q: Compute the Total assets turnover

A: Total Asset Turnover is a financial ratio that measures a company's ability to generate sales from…

Q: cash flow for this project answer

A: Step 1: Given Value for Calculation Current market value of lot = $725,000 Building cost =…

Q: Accounting question

A: Step 1: Define High-Low MethodThe high-low method determines the variable cost per unit (which…

Q: Carla Vista Companyhad a January 1 inventory of $299,000 when it adopted dollar-value LIFO. During…

A: To calculate Carla Vista Company's Gross Profit using the dollar-value LIFO method, we need to…

Q: financial accounting a

A: Step 1: Definition of Cash FlowCash flow represents the net amount of cash being transferred into…

Q: Gross profit percentage?

A: Explanation of Gross Profit Percentage:Gross profit percentage, also known as gross margin ratio,…

Q: Financial accounting 3.0

A: The problem uses the DuPont formula to calculate the Return on Equity (ROE). The DuPont formula…

Q: The net income reported

A: Concept of Net IncomeNet income represents a company's total earnings after deducting all expenses,…

Q: Calculate net income

A: Step 1: Definition of Net IncomeNet Income is the total profit of a company after deducting all…

Q: None

A: Step 1: Definition of Pension ExpensePension expense is the cost recognized by an employer for…

Q: What is the actual return on pension assets of this financial accounting question?

A: Step 1: Define Actual Return on Pension AssetsThe actual return on pension assets represents the…

Q: Purchase today?

A: To calculate the expected rate of return on GeM Industries' common stock, we use the Gordon Growth…

Q: A fixed asset with a cost of $38,400 and accumulated depreciation of $29,200 is sold for $7,220.…

A: Concept of Book ValueThe book value of a fixed asset represents its net worth in the company's…

Q: ?!

A: Concept of Standard CostsStandard costs refer to the predetermined or expected costs assigned to…

Q: Overview: Now that you have examined how employee fraud was detected in organizations both large…

A: FEEL FREE TO ASK FOR CLARIFICATIONS.

Q: Provide step by step answer general Accounting

A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) measures how efficiently a company…

Q: Provide correct solution accounting

A: Variable rate = (Cost of the highest activity level - Cost of the lowest activity level) / (Highest…

Q: During the year

A: Step 1: Salary Expenses can be calculated by adding Salaries paid and Ending Salaries payable and…

Q: If the beginning inventory is $75,000, the cost of goods purchased is $420,000, and the ending…

A: Explanation of Beginning Inventory: Beginning inventory represents the total value of goods that a…

Q: What is the unit product cost

A: Detailed explanation: Unit Product Cost using Variable Costing Method Includes the following cost…

Q: Timberline Corporation, which manufactures wooden furniture, is developing direct labor standards.…

A: Step 1:First, calculate the payroll taxes per direct labor hour: Payroll taxes = Basic direct labor…

Q: net income for the year?

A: Step 1: Definition of Net IncomeNet income represents the total earnings of a company after…

Q: Abc

A: To calculate the net income, use the formula for Return on Equity (ROE): ROE =Net Income / Total…

Q: If you give me wrong answer this general accounting question I will give you unhelpful rate

A: Step 1: Define Cost of Goods ManufacturedThe Cost of Goods Manufactured (COGM) is the total cost…

Q: Need answer please

A: Explanation of Profit Margin (Return on Sales):Profit margin, also known as return on sales, is a…

Q: Provide correct answer this financial accounting question

A: Step 1: Define Equivalent Units of Production (EUP)Equivalent Units of Production (EUP) is a measure…

Q: I need help with this problem and accounting

A: Step 1: Define Manufacturing overhead costThe cost of manufacturing overhead is the cost of all of a…

Question

What is the overhead rate per service request of this general accounting question?

Walton Technical Services estimates overhead costs of $22,750
for the maintenance department. The estimated number of
service requests is 4,550.
What is the overhead rate per service request?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

XYZ Corporation uses ABC costing to allocate the overhead costs and these are the rates for each activity. $15 per batch for Setup: $50 per hour for Engineering and $10 per direct labor hour for Maintenance. Expected batches are 300, machine hours are 250, engineering hours are 1,000, and direct labor hours are 1,200. Given the information above, what is the total overhead cost that is allocated for Job 1? O $114,500 O $126,500 O $139,000 O $100,000
Your Companey has two service departments – Personnel and Maintenance. The Maintenance Department's costs of $160,000 are allocated on the basis of standard hours used. The Personnel Department's costs of $40,000 are allocated based on the number of employees. The costs of the operating Departments A and B are $80,000 and $120,000, respectively. Data on standard service hours and number of employees are as follows: Standard Service Maintenance Dept. Personnel Dept. Production Depts. A B Hours used - 400 480 320 Number of Employees 20 - 80 240 What is the cost of the Maintenance Department allocated to Department B using the direct method? What is the cost of the…
Need help with This Question
What is the overhead rate for Department A on these general accounting question?
Rocks Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Activity Overhead per Activity Annual Usage Machine Set Up $75,000 6,000 Machine Hours $85,002 5,484 Inspections $70,000 20,000 Compute the overhead rate for each activity.
please provide answer of this question
For the current year BSJ Industries estimated overhead would be $2,145,000 and there would be 78,000 machine hours. Using machines hours as the allocation base, how much overhead would be assigned to each of the jobs listed below? (Do not round intermediate calculations.) Job Machine Hours 246 6,700 247 4,750
The activity based overhead for mullen company?
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
For its inspecting cost pool, Bramble, Inc. estimated overhead cost of $520000 and 4000 inspections. The actual overhead cost for that cost pool was $600000 for 5000 inspections. The activity-based overhead rate used to assign the costs of the inspecting cost pool to products is O $150 per inspection. O $104 per inspection O $130 per inspection O $120 per inspection.
Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Compute the overhead rate for each activity. Round your answers to two decimal places. Overhead Overhead Annual Rate per Activity per Activity Usage Activity Machine Setups $157,850 4,100 $ Machine Hours 324,622 14,114 2$ Inspections 119,000 3,400
Coronado Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. The following information is available regarding activity cost pools, cost drivers, total estimated overhead costs, and estimated use of activities per product: Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Cost Driver Orders Setups Machine hours Parts Inspections Est. Overhead $ 60000 $0.60 per direct labor hour. $0.06 per part. $6880 per order. O $120 per order. 294500 1625500 1200000 260000 Cost Driver Activity 500 orders 450 setups 125000 MH 1000000 parts 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is