the company’s current plant-wide overhead rate.

Question

Return on Equity (ROE): Net Income $75,000, Shareholder Equity $250,000. help..??

Answer 1

Question

Chapter 4, Problem 4.41AP

1.

To determine

To calculate: the company’s current plant-wide overhead rate.

2.

To determine

To calculate: refined departmental overhead rates for the company.

3.

To determine

To identify: which job (Job 500 or Job 501) uses more of company’s resources.

4.

To determine

To calculate: the total amount of overhead allocated to each job if the company uses plant-wide overhead rate.

5.

To determine

To calculate: the total amount of overhead allocated to each job is the company uses departmental overhead rates.

6.

To determine

To identify: whether or not both allocation systems accurately reflect the resources that each job used.

7.

To determine

To calculate: total manufacturing cost and sales price of each job using plant-wide overhead rate.

8.

To determine

To calculate: profit earned on each job using plant-wide overhead rate & actual profit earned on each job using departmental overhead rates.

9.

To determine

To comment: on the results obtained in requirement 7 & requirement 8.

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Answer 2

Question

Chapter 4, Problem 4.41AP

1.

To determine

To calculate: the company’s current plant-wide overhead rate.

2.

To determine

To calculate: refined departmental overhead rates for the company.

3.

To determine

To identify: which job (Job 500 or Job 501) uses more of company’s resources.

4.

To determine

To calculate: the total amount of overhead allocated to each job if the company uses plant-wide overhead rate.

5.

To determine

To calculate: the total amount of overhead allocated to each job is the company uses departmental overhead rates.

6.

To determine

To identify: whether or not both allocation systems accurately reflect the resources that each job used.

7.

To determine

To calculate: total manufacturing cost and sales price of each job using plant-wide overhead rate.

8.

To determine

To calculate: profit earned on each job using plant-wide overhead rate & actual profit earned on each job using departmental overhead rates.

9.

To determine

To comment: on the results obtained in requirement 7 & requirement 8.

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Answer 3

Question

Chapter 4, Problem 4.41AP

1.

To determine

To calculate: the company’s current plant-wide overhead rate.

2.

To determine

To calculate: refined departmental overhead rates for the company.

3.

To determine

To identify: which job (Job 500 or Job 501) uses more of company’s resources.

4.

To determine

To calculate: the total amount of overhead allocated to each job if the company uses plant-wide overhead rate.

5.

To determine

To calculate: the total amount of overhead allocated to each job is the company uses departmental overhead rates.

6.

To determine

To identify: whether or not both allocation systems accurately reflect the resources that each job used.

7.

To determine

To calculate: total manufacturing cost and sales price of each job using plant-wide overhead rate.

8.

To determine

To calculate: profit earned on each job using plant-wide overhead rate & actual profit earned on each job using departmental overhead rates.

9.

To determine

To comment: on the results obtained in requirement 7 & requirement 8.

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Answer 4

Question

Chapter 4, Problem 4.41AP

1.

To determine

To calculate: the company’s current plant-wide overhead rate.

2.

To determine

To calculate: refined departmental overhead rates for the company.

3.

To determine

To identify: which job (Job 500 or Job 501) uses more of company’s resources.

4.

To determine

To calculate: the total amount of overhead allocated to each job if the company uses plant-wide overhead rate.

5.

To determine

To calculate: the total amount of overhead allocated to each job is the company uses departmental overhead rates.

6.

To determine

To identify: whether or not both allocation systems accurately reflect the resources that each job used.

7.

To determine

To calculate: total manufacturing cost and sales price of each job using plant-wide overhead rate.

8.

To determine

To calculate: profit earned on each job using plant-wide overhead rate & actual profit earned on each job using departmental overhead rates.

9.

To determine

To comment: on the results obtained in requirement 7 & requirement 8.

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Answer 5

Chapter 4, Problem 4.41AP

1.

To determine

To calculate: the company’s current plant-wide overhead rate.

2.

To determine

To calculate: refined departmental overhead rates for the company.

3.

To determine

To identify: which job (Job 500 or Job 501) uses more of company’s resources.

4.

To determine

To calculate: the total amount of overhead allocated to each job if the company uses plant-wide overhead rate.

5.

To determine

To calculate: the total amount of overhead allocated to each job is the company uses departmental overhead rates.

6.

To determine

To identify: whether or not both allocation systems accurately reflect the resources that each job used.

7.

To determine

To calculate: total manufacturing cost and sales price of each job using plant-wide overhead rate.

8.

To determine

To calculate: profit earned on each job using plant-wide overhead rate & actual profit earned on each job using departmental overhead rates.

9.

To determine

To comment: on the results obtained in requirement 7 & requirement 8.

Answer 6

Chapter 4, Problem 4.41AP

1.

To determine

To calculate: the company’s current plant-wide overhead rate.

Answer 7

Chapter 4, Problem 4.41AP

1.

To determine

To calculate: the company’s current plant-wide overhead rate.

Answer 8

2.

To determine

To calculate: refined departmental overhead rates for the company.

Answer 9

2.

To determine

To calculate: refined departmental overhead rates for the company.

Answer 10

3.

To determine

To identify: which job (Job 500 or Job 501) uses more of company’s resources.

Answer 11

3.

To determine

To identify: which job (Job 500 or Job 501) uses more of company’s resources.

Answer 12

4.

To determine

To calculate: the total amount of overhead allocated to each job if the company uses plant-wide overhead rate.

Answer 13

4.

To determine

To calculate: the total amount of overhead allocated to each job if the company uses plant-wide overhead rate.

Answer 14

5.

To determine

To calculate: the total amount of overhead allocated to each job is the company uses departmental overhead rates.

Answer 15

5.

To determine

To calculate: the total amount of overhead allocated to each job is the company uses departmental overhead rates.

Answer 16

6.

To determine

To identify: whether or not both allocation systems accurately reflect the resources that each job used.

Answer 17

6.

To determine

To identify: whether or not both allocation systems accurately reflect the resources that each job used.

Answer 18

7.

To determine

To calculate: total manufacturing cost and sales price of each job using plant-wide overhead rate.

Answer 19

7.

To determine

To calculate: total manufacturing cost and sales price of each job using plant-wide overhead rate.

Answer 20

8.

To determine

To calculate: profit earned on each job using plant-wide overhead rate & actual profit earned on each job using departmental overhead rates.

Answer 21

8.

To determine

To calculate: profit earned on each job using plant-wide overhead rate & actual profit earned on each job using departmental overhead rates.

Answer 22

9.

To determine

To comment: on the results obtained in requirement 7 & requirement 8.

Answer 23

9.

To determine

To comment: on the results obtained in requirement 7 & requirement 8.

Answer 24

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Answer 25

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Answer 29

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Answer 35

the company’s current plant-wide overhead rate.

Solution Summary: The author explains how to calculate the company's current plant-wide overhead rate, which is 110 per direct labor hour.

Concept explainers

To calculate: the company’s current plant-wide overhead rate.

To calculate: refined departmental overhead rates for the company.

To identify: which job (Job 500 or Job 501) uses more of company’s resources.

To calculate: the total amount of overhead allocated to each job if the company uses plant-wide overhead rate.

To calculate: the total amount of overhead allocated to each job is the company uses departmental overhead rates.

To identify: whether or not both allocation systems accurately reflect the resources that each job used.

To calculate: total manufacturing cost and sales price of each job using plant-wide overhead rate.

To calculate: profit earned on each job using plant-wide overhead rate & actual profit earned on each job using departmental overhead rates.

To comment: on the results obtained in requirement 7 & requirement 8.

Chapter 4 Solutions