Case 3-29 Plantwide versus Departmental Overhead Rates; Underapplied or Overapplied Overhead 1. a. Predetermined Overhead rate= Estimated total manufacturing overhead costs Estimated total amount of allocation base | = $1‚440‚000 = 160% of direct labor costs $900‚000 direct labor costs | b. Hastings Job Direct Labor -Allocation
Premium Cost Costs Price
Bridgeton Assignment 1. The overhead allocation rate used in the 1987 model year strategy study at the Automotive Component & Fabrication Plant (ACF) was 435% of direct labor dollar cost. Calculate the overhead allocation rate using the 1987 model year budget. Why do you get different numbers? 2. Calculate the overhead allocation rate for each of the model years 1988 through 1990. Are the changes since 1987 in overhead allocation rates significant? Why have these changes occurred? 3
Premium Marketing Mathematics Cost
machine hours as the cost driver to assign overhead costs to the air conditioners. The company has used a company-wide predetermined overhead rate in past years‚ but the new controller‚ Bennie Leon‚ is considering the use of departmental overhead rates beginning with the next year. The following planning information is available for the next year for each the four manufacturing departments within the company: Overhead Machine
Premium Costs Manufacturing Variable cost
Biology Assignment Transpiration rates between Exotic vs. Native plants In this investigation we will be looking at transpiration. The topic we will be focusing on is transpiration rates between native plants as well as exotic plants. We will be experimenting with 2 native plants as well as 2 exotic plants. The reason we are experimenting on this topic is because of Australia’s dry weather‚ we are wanting to find out which plants will be able to hold more water during Australia’s peaking tempretures
Premium Water Plants Transpiration
Growth rates and how to calculate them. Growth rates can be tricky to calculate and interpret and many people get confused. So here’s how to get ahead of everyone. Let’s start with a time series where we know the answer. In the example below‚ X starts at 100‚ grows 3%‚ then falls back again‚ then grows 3% again. So over the three years‚ it has grown from 100 to 103. 1 Year 2000 2001 2002 2003 Average CAGR 2 3 4 X Growth X DlnX 100 103 0.03 0.0295588 100 -0.0291262 -0.0295588 103 0.03 0.0295588
Premium Moving average Mathematics Natural logarithm
CHAPTER 3 Predetermined Overhead Rates‚ Flexible Budgets‚ and Absorption/Variable Costing Questions 1. Although both variable and mixed costs change in total with activity measure changes‚ the difference is that variable costs change in direct proportion to such activity changes and mixed costs do not. Since a mixed cost has both a fixed and variable component‚ the cost per unit at different activity levels is not constant as it is with a variable cost. 2. No‚ these are not always the best points
Premium Variable cost Costs Fixed cost
in its plant and decided to eliminate products that no longer contributed positive margins. Details on the four products are provided below: A B C D Total Production Volume (units) 10‚000 8‚000 6‚000 4‚000 Selling Price $15.00 $18.00 $20.00 $22.00 Materials/unit $4.00 $5.00 $6.00 $7.00 DLH/unit 0.24 0.18 0.12 0.08 Total DLH 2‚400 1‚440 720 320 4‚880 Plant Overhead $122‚000 DL rate/hour $30 Y oungstown has a tradition al cost sys tem. It calc ulates a p lant-wide overhead rate by dividing
Premium Cost Mathematics Costs
Ans: 1(a) Unemployment Rate = Unemployed Employed + Unemployed In January 2012‚ 141‚608 thousand were employed and 12‚748 thousand were unemployed. Unemployment rate = 12‚748 ÷ (141‚608 + 12‚748) = 8.26% In January 2013‚ 143‚322 thousand were employed and 12‚332 thousand were unemployed. Unemployment rate = 12‚322 ÷ (143‚322+12‚332) = 7.92% 1(b) Employment-Population ratio = In January 2012‚ 141‚608 thousand were employed and total population was 244‚663 tnousand. Employment-Population ratio
Premium Inflation Unemployment
Problem 1 Brentwood Associates uses a job-order costing system and applies overhead on the basis of direct labor hours. At the beginning of the year‚ management estimated that 26‚000 direct labor hours would be worked and $1‚300‚000 of manufacturing overhead costs would be incurred. During the year‚ the company actually worked 24‚000 direct labor hours and incurred the following manufacturing costs: Direct materials used in production $1‚240‚000 Direct labor 1‚800‚000 Indirect labor 280‚000 Indirect
Premium Costs Employment The Unit
School Year Nine Fabric Technology Student Workbook 2014 Dear Parents For the next 10 weeks your daughter will be taking a course in Fabric Technology‚ during which time she will be designing and making a bag. The aim of the course is to familiarise the students with the design process and teach them to use the sewing machine safely. Your daughter will design the bag she is to make‚ and make her own pattern at school. Your daughter will require: fabric – woven‚ no stretch
Premium Design Design management