Mangerical Accounting
Hendrix Company has the following information available:
Budgeted Direct Labor Hours 40,000 hours
Budgeted Direct Labor Cost $1,000,000
Budgeted Direct Materials Cost $ 100,000
Budgeted Machine Hours 2,500 hours
Budgeted Overhead $800,000
Hendrix is trying to calculate the cost of a specific job – ABC with the following information:
Actual Direct Labor Hours 11,000 hours
Actual Direct Labor Cost $300,000
Actual Direct Materials Cost $35,000
Actual Machine Hours 700 hours
Hendrix adds 10% to the cost of the job in order to calculate the selling price.
Required
Calculate the selling price of job ABC fourtimes allocating overhead based on DL hours, DL cost, DM cost and Machine Hours.
DL Hours | DL Cost | DM Cost | Machine Hours | |
Overhead Rate | ||||
Allocated Overhead | ||||
Direct Materials | ||||
Direct Labor | ||||
Total Cost of ABC | ||||
Profit | ||||
Selling Price of Job |
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Accountancy
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please full calculation and explanation
Containers, Inc. produced 62,500 and sold 59.000 plastic microcomputer cases at a selling price on 10.00 each. Manufacturing overhead is allocated on the basis of machine hours. The standard variable costs Per computer case were: Total Quantity Rate Direct Materials 1.5 kg $ 1.20 per kg $1.80 Direct Labour 0.50 labour hours $ 15.00 per hour 7.50 Variable Overhead 0.20 machine hours $ 6.00 per hour 1.20 Information regarding fixed overhead includes the following: Budgeted...
Help figuring out this problem show work if you can
EXHIBIT 2-5 Dickson Company: An Example Using Multiple Predetermined Overhead Rates Step 1: Calculate the estimated total manufacturing overhead cost for each department. Miling Department Overhead Cost (Y): Assembly Department Overhead Cost (Y): = $390,000 + ($2.00 per MH X 60.000 MHS) = $500,000 + ($3.75 per DLH X 80,000 DLHs) = $390,000+ $120,000 = $500,000 + $300,000 = $510,000 = $800,000 Step 2: Calculate the predetermined overhead rate in...
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