Homework Answers
| a) | ||
| Predetermined Overhead Allocation Rate = Estimated overhead cost ÷ Estimated qt allocation base for the period | ||
| Activity | Predetermined Overhead Allocation Rate | |
| Documentation Preparation ($140,000/3500 pages) | $ 40.00 | per page |
| Information technology support (165,000 /750 applications) | $ 220.00 | per application |
| Training (885,000/6700 hours) | $ 132 | per hour |
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ities: documentation preparation, information technology support, and training. She figures that documentation the number of pages,...
PLEASE HELP FAST AND ALL IN ACCOUNTING. I WILL RATE 5 STARS. Haworth Company is a...
PLEASE HELP FAST AND ALL IN ACCOUNTING. I WILL RATE 5 STARS.
Haworth Company is a management consulting firm. The company expects to incur $114,000 of indirect costs this year. Indirect costs are allocated based on the following activities: : (Click the icon to view the activities.) (Click the icon to view additional information.) Determine the total cost of the consulting job and the operating income earned. i Data Table Estimated Quantity of Allocation Base Predetermined Overhead Allocation Rate Activity...
The Oswell Company manufactures products in two departments: Mixing and Packaging. The company allocates manufacturing overhead...
The Oswell Company manufactures products in two departments:
Mixing and Packaging. The company allocates manufacturing overhead
using a single plantwide rate with direct labor hours as the
allocation base. Estimated overhead costs for the year are
$869,500, and estimated direct labor hours are 370,000. In
October, the company incurred 550,000 direct labor hours.
The Oswell Company manufactures products in two departments: Mixing and Packaging. The company allocates manufacturing overhead using a single plantwide rate with direct labor hours as the...
Jones Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites....
Jones Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Sandra Jones prepared the following budget for the year: (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute Jones Realtors' (a) hourly direct...
ompute ly direct Data Table ad alloca - Х $ Direct labor hours (professionals) Direct labor...
ompute ly direct Data Table ad alloca - Х $ Direct labor hours (professionals) Direct labor costs (professionals) Office rent Support staff salaries Utilities 13.750 hours 2,200,000 330,000 1,200,000 450,000 Print Done y list or enter any number in the input fields and then click Check Answer Check Answer Compute Chance Realtors (a) hourly direct labor cost rate and (b) predetermined overhead Requirements 1. Compute Chance Realtors (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. 2....
E3-21A (similar to) Question Help Lakeview Industries uses job costing to calculate the costs of its...
E3-21A (similar to) Question Help Lakeview Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base 1 (Click the loon to view additional information.) Read the requirements. More Info The company manufactures a variety of engines for use in farm equipment. At the beginning of the current year, Lakeview estimated that its overhead for the coming year would be $324,800. It also anticipated using 29,000 direct labor hours for...
53-6 (SIMllar tO) Question Help Falmouth Pools manufactures swimming pool equipment. Falmouth estimates total manufacturing overhead...
53-6 (SIMllar tO) Question Help Falmouth Pools manufactures swimming pool equipment. Falmouth estimates total manufacturing overhead costs next year to be S1,200,000. Falmouth also estimates it will use 18,750 direct labor hours and incur $1,000,000 of direct labor cost next year. In addition, the machines are expected to be un for 15,000 hours. Compute the predetermined manufacturing overhead rate for next year under the following independent situations: . Assume that the company uses direct labor hours as its manufacturing overhead...
The Santos Shirt Company manufactures shirts in two departments Cutting and Sewing. The company allocates man...
The Santos Shirt Company manufactures shirts in two departments Cutting and Sewing. The company allocates manufacturing overhead using a single plantwide rate with direct labor hours as the allocation base. Estimated overhead costs for the year are $500,000, and estimated direct labor hours are 200,000. In June, the company incurred 17,500 direct labor hours. 1. Compute the predetermined overhead allocation rate. ! 2. Determine the amount of overhead allocated in June. The Santos Shirt Company has refined its allocation system...
please help!! Western, Inc. is a technology consulting firm focused on Web site development and integration...
please help!!
Western, Inc. is a technology consulting firm focused on Web site development and integration of Internet business applications. The president of the company expects to incur $640,000 of indirect costs this year, and she expects her firm to work 4.000 direct labor hours. Western's systems consultants provide direct labor at a rate of $280 per hour Clients are billed at 160% of direct labor cost. Last month, Western's consultants spent 170 hours on Halbert's engagement Requirements 1. Compute...
skylark design, inc is a web site design and consulting firm Skylark Design, Inc. is a...
skylark design, inc is a web site design and consulting
firm
Skylark Design, Inc. is a Web site design and consulting firm. The firm uses a order costing system in which each client is a different job. Skylark Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Erica...
Elkin Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2016: (Click...
Elkin Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2016: (Click the icon to view the allocation rates.) Elkin produces two wheel rim models: standard and deluxe. Expected data for 2016 are as follows: (Click the icon to view the expected data.) The company expects to produce 500 units of each model during the year. Requirement 1. Compute the total estimated indirect manufacturing cost for 2016. Begin by selecting the formula to compute the total...
PLEASE HELP FAST AND ALL IN ACCOUNTING. I WILL RATE 5 STARS.
Haworth Company is a management consulting firm. The company expects to incur $114,000 of indirect costs this year. Indirect costs are allocated based on the following activities: : (Click the icon to view the activities.) (Click the icon to view additional information.) Determine the total cost of the consulting job and the operating income earned. i Data Table Estimated Quantity of Allocation Base Predetermined Overhead Allocation Rate Activity...
The Oswell Company manufactures products in two departments:
Mixing and Packaging. The company allocates manufacturing overhead
using a single plantwide rate with direct labor hours as the
allocation base. Estimated overhead costs for the year are
$869,500, and estimated direct labor hours are 370,000. In
October, the company incurred 550,000 direct labor hours.
The Oswell Company manufactures products in two departments: Mixing and Packaging. The company allocates manufacturing overhead using a single plantwide rate with direct labor hours as the...
Jones Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Sandra Jones prepared the following budget for the year: (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute Jones Realtors' (a) hourly direct...
ompute ly direct Data Table ad alloca - Х $ Direct labor hours (professionals) Direct labor costs (professionals) Office rent Support staff salaries Utilities 13.750 hours 2,200,000 330,000 1,200,000 450,000 Print Done y list or enter any number in the input fields and then click Check Answer Check Answer Compute Chance Realtors (a) hourly direct labor cost rate and (b) predetermined overhead Requirements 1. Compute Chance Realtors (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. 2....
E3-21A (similar to) Question Help Lakeview Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base 1 (Click the loon to view additional information.) Read the requirements. More Info The company manufactures a variety of engines for use in farm equipment. At the beginning of the current year, Lakeview estimated that its overhead for the coming year would be $324,800. It also anticipated using 29,000 direct labor hours for...
53-6 (SIMllar tO) Question Help Falmouth Pools manufactures swimming pool equipment. Falmouth estimates total manufacturing overhead costs next year to be S1,200,000. Falmouth also estimates it will use 18,750 direct labor hours and incur $1,000,000 of direct labor cost next year. In addition, the machines are expected to be un for 15,000 hours. Compute the predetermined manufacturing overhead rate for next year under the following independent situations: . Assume that the company uses direct labor hours as its manufacturing overhead...
The Santos Shirt Company manufactures shirts in two departments Cutting and Sewing. The company allocates manufacturing overhead using a single plantwide rate with direct labor hours as the allocation base. Estimated overhead costs for the year are $500,000, and estimated direct labor hours are 200,000. In June, the company incurred 17,500 direct labor hours. 1. Compute the predetermined overhead allocation rate. ! 2. Determine the amount of overhead allocated in June. The Santos Shirt Company has refined its allocation system...
please help!!
Western, Inc. is a technology consulting firm focused on Web site development and integration of Internet business applications. The president of the company expects to incur $640,000 of indirect costs this year, and she expects her firm to work 4.000 direct labor hours. Western's systems consultants provide direct labor at a rate of $280 per hour Clients are billed at 160% of direct labor cost. Last month, Western's consultants spent 170 hours on Halbert's engagement Requirements 1. Compute...
skylark design, inc is a web site design and consulting
firm
Skylark Design, Inc. is a Web site design and consulting firm. The firm uses a order costing system in which each client is a different job. Skylark Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Erica...
Elkin Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2016: (Click the icon to view the allocation rates.) Elkin produces two wheel rim models: standard and deluxe. Expected data for 2016 are as follows: (Click the icon to view the expected data.) The company expects to produce 500 units of each model during the year. Requirement 1. Compute the total estimated indirect manufacturing cost for 2016. Begin by selecting the formula to compute the total...
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