How much overhead would be applied to products
A co. applies overhead on the basis of direct labor dollars using a rate of $1.65 per hr. How much overhead would be applied to products in jan. if $15,200 labor costs were incurred in 2,200 hrs.were worked?
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Arlandria, Inc. has bought a new server and is having to decide what to do with the old one. The cost of the old server was originally $50,000 and has been depreciated by $40,000.
Yankton Company began the year without an investment portfolio. During the year they purchased investments classified as available-for-sale securities at a cost of $13,000.
Collier Bicycles has been manufacturing its own wheels for its bikes. The company is operating at 100% capacity, and variable manufacturing overhead is charged to production at the rate of 30% of direct labor cost.
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Pryce Company owns equipment that cost $62,400 when purchased on January 1, 2011. It has been depreciated using the straight-line method based on estimated salvage value of $7,000 and an estimated useful life of 5 years.
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