karmaxnagisa20
24.03.2020 •
Business
Cavy Company estimates that total factory overhead costs will be $660,000 for the year. Direct labor hours are estimated to be 100,000. Determine
(a) the predetermined factory overhead rate,
(b) the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 560 and Job 777 if the amount of direct labor hours is 800, and
(c) prepare the journal entry to apply factory overhead in April according to the predetermined overhead rate.
Solved
Show answers
More tips
- H Health and Medicine Hangover: How to Get Rid of It Quickly?...
- S Style and Beauty How to Choose the Right Fur Coat and Avoid Regrets?...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
Answers on questions: Business
- B Business En pins manufacturing has 9.1 million shares of common stock outstanding. the current share price is $61, and the book value per share is $3. the company also has two bond issues outstanding....
- B Business Problem 7-3 stock values [lo 1]the next dividend payment by wyatt, inc., will be $3.20 per share. the dividends are anticipated to maintain a growth rate of 6.75 percent, forever....
- B Business It is easiest for management to deal with resistance when it is ) concealedb) deferredc) passived) implicite) overt...
- B Business a boy migrated from honduras through guatemala and mexico, thenentered the united states without immigration documents, becausemembers of his ethnic group were being targeted for torture...
- B Business If you prepare frenched or crown veal, which cut are you most likely using? a. square-cut shoulder primal cut b. hotel rack primal cut c. loin primal cut d. leg primal cut...
- B Business What would you say are four major faults of measurement instrument design? justify your choices....
- B Business Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses =...
- C Chemistry 20 pts plz help!Which profession is likely to use a radiation shield?dentistastronomermathematiciangeologist...
- E Engineering A Carnot heat engine receives heat from a reservoir at 900oC at a rate of 800 kJ/min and rejects the waste heat to the ambient air at 27oC. The entire work output of the heat engine...
- H History Where was the first major battle of the civil war...
Ответ:
a) The predetermined factory overhead rate= factory overhead costs/ Direct labor hours = $660,000 / 100,000= $6.6 per DLH
(b) The amount of factory overhead applied to Job 345 if the amount of direct labor hours is 560= 6.6 *560= $3696
The amount of factory overhead applied to Job 777 if the amount of direct labor hours is 800 = 6.6 *800= $5280
(c) The journal entry to apply factory overhead in April according to the predetermined overhead rate
The factory Overhead costs for the year are $ 660,000
The predetermined factory overhead rate = $ 6.6
Direct labor hours are estimated to be 100,000 for the year
Direct labor hours are estimated to be for the month = 100,000/12= 8333.33
The factory Overhead costs for the month are = 8333.33 * 6.6= $ 55,000
Factory Overhead $ 55000 Dr.
Work In Process $ 55,000 Cr.
The journal entry to apply factory overhead in April according to the predetermined overhead rate.
Ответ:
This is a tough situation for any project manager. You’ve got a problem that’s happened, and you didn’t plan for it. Now it’s going to cost you money. What do you do?
Well, you can’t just accept it and move on - that’s only something you do with risks that have no other option. You have options with a problem that happens during your project.
And you can’t just go to the boss, because you’re the project manager and it’s your job to figure out what to do. There’s no use in doing risk planning, because you already know the probability (100%) and impact (the cost of fixing the problem). So what do you do? That’s where your reserve comes in. There are two kinds of reserves: a contingency reserve and a management reserve. The contingency reserve is what you use for “known unknowns” - you use it to pay for risks that you’ve planned for. But this situation isn’t like that. That’s why you tap into the management reserve. That’s the money in the budget you set aside for “unknown unknowns” - problems that you didn’t plan for but which came up anyway.