Predetermined Overhead Rate; Various Cost Drivers
The following data pertain to the Oneida Restaurant Supply Company for the year just ended.
Budgeted sales revenue$205,000
Actual manufacturing overhead340,000
Budgeted machine hours (based on practical capacity)10,000
Budgeted direct-labor hours (based on practical capacity) 20,0020,000
Budgeted direct-labor rate$14
Budgeted manufacturing overhead$364,000
Actual machine hours11,000
Actual direct-labor hours18,000
Actual direct-labor rate$15
Required:
a. Compute the firm's predetermined overhead rate for the year using each of the following common cost drivers: (a) machine hours, (b) direct-labor hours, and (c) direct-labor dollars.
b. Calculate the overapplied or underapplied overhead for the year using each of the cost drivers listed above
Answers: 3
Business, 22.06.2019 01:20
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Business, 22.06.2019 06:10
Investment x offers to pay you $5,700 per year for 9 years, whereas investment y offers to pay you $8,300 per year for 5 years. if the discount rate is 6 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y $ if the discount rate is 16 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) present value investment x $ investment y
Answers: 1
Predetermined Overhead Rate; Various Cost Drivers
The following data pertain to the Oneida Re...
The following data pertain to the Oneida Re...
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