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3 years ago

The following data pertain to the Oneida Restaurant Supply Company for the year just ended.

Business

1 answer:

dimulka [17.4K]3 years ago

8 0

Answer:

Predetermined overhead rate = Budgeted manufacturing rate/Allocation base

a. Machine hours

= 364,000 / 8,000

= $45.5

Predetermined overhead rate = $45.5

Direct-labor hours

= 364,000 / 20,000

= $18.2

Predetermined overhead rate = $18.2

Direct-labor dollars

Budgeted labor hours = 20,000 * $14 = $280,000

Predetermined overhead rate = 364,000 / $280,000 = $1.3

b. Machine hours

Manufacturing overhead applied = Actual machine hours * Predetermined overhead rate = $45.5 * 11,000 = $500,500

Over/Under applied overhead = 336,000 - 500,500

Over-applied overhead = $164,500

Direct-labor hours

Manufacturing overhead applied = Actual direct-labor hours * Predetermined overhead rate = $18.2 * 18,000 = $327,600

Over/Under applied overhead = 336,000 - 327,600

Under-applied overhead = $8400

Direct-labor dollars

Manufacturing overhead applied = Actual direct-labor hours * Actual direct-labor rate * Predetermined overhead rate

Manufacturing overhead applied = 18,000 * $15 * $1.3 = 351,000

Over/Under applied overhead = 336,000 - 351,000

Over-applied overhead = $15,000

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3 years ago

Shamrock Shades operates in mall kiosks throughout the southwestern United States. Shamrock purchases sunglasses from bulk disco

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Answer:

Particulars Jan Feb Mar

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Explanation:

For computing the required purchase from Jan to Mar we need to find out the following amounts

Particulars Jan Feb Mar Apr

Projected sales $380,000 $460,000 $620,000 $660,000

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Now the required purchased for each month is

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COGS $152,000 $184,000 $248,000

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Here,

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2 years ago

Stanley Corporation manufactures an electronic switch for dishwashers. The cost base per unit, excluding selling and administrat

sammy [17]

Answer:

So markup percentage will be 8 % on total unit cost

Explanation:

We have given that cost base per unit including selling and administrative expenses is $60

per unit cost of selling and and administrative expenses is $15

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Markup percentage on total unit cost is given by '

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So markup percentage will be 8 % on total unit cost

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2 years ago

Given the total fixed-cost curve in gray and the total variable-cost curve in color, draw the total cost curve. Three points on

saveliy_v [14]

Answer:

TFC : Horizontal Line parallel to X axis

TVC : Upward sloping inverse S shape curve from origin

TC : Upward sloping increase S shape curve, with Y axis intercept = TFC

Explanation:

Total Fixed cost [TFC] is the total production expenditure, done on fixed factors of production (Eg - on machine, building etc). It is incurred even at zero level of output, stays same (constant) irrespective of output level. So, it's curve is a constant horizontal line.

Total Variable Cost [TVC] is the total production expenditure, done on variable factors of production (Eg - on raw material). It is zero at zero level of output, directly related to level of output thereafter. It first increases at a decreasing rate, then increases at an increasing rate. So, it's curve is inverse S upward sloping curve from origin.

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2 years ago

Preparing journal entries-outputs Hartley Company has a production process that involves three processes. Units move through the

Blababa [14]

Answer:

(It is assume that completed unit have been transferred to next department)

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Credit WIP stamping Dept $ 30,000

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Credit WIP polishing Dept $ 35,000

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Credit Sales $ 50,000

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2 years ago

Read 2 more answers