What is overhead application rate, Accounting Basics

What is overhead application rate

X company uses a FIFO inventory system. the actual cost of direct materials and direct labor is used to value labor and to value the inventories. manufacturing oherhead is applied at a predetermined rate per ton of cable used.

Estimated overhead dollars $360000
Estimated tons of cables 9000 tons
what is Overhead application rate ?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is overhead application rate

Reference No:- TGS0716515

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Determine the minimum force required to initiate motion

Determine the minimum force P required to initiate motion of the block up the incline. m = 10kg, (mu)s = 0.3, (mu)k = 0.1 and = 30.

Q : Determine the work done on the capacitor

A large parallel plate capacitor has plate separation of 0.92 cm and plate area of 266 cm2. The capacitor is connected across a voltage of 17.7 V and has air between the plates. How much work is done on the capacitor as the plate separation is inc

Q : How to koko company produces lamps

Koko company produces lamps that require 2.25 standard hours per unit at an hourly rate of $15 per hour. If 7,700 units required 19,250 hours an an hourly rate of $14.90 per hour, what is the direct labor.

Q : Calculate the speed at launch

A dynamite blast at a quarry launches a rock straight upward, and 2.3 s later it is rising at a rate of 14 m/s. Assuming air resistance has no effect on the rock, calculate its speed (a) at launch and (b) 5.4 s after launch.

Q : What is overhead application rate

Q : Compute the astm grain size number for this alloy

Compute the ASTM grain size number for this alloy. Be careful, this picture is not taken at 100X. You will first need to calculate the number of grains per square inch at 100X.

Q : How much of the joint costs will be allocated to turpentine

Alternative joint-cost-allocation methods, further-process decision. The Wood SpiritsCompany produces two products-turpentine and methanol (wood alcohol)-by a joint process. Joint costs amount to $120,000 per batch of output.

Q : How far above the cliff edge would the pellet have gone

A pellet gun is fired straight downward from the edge of a cliff that is 12.2 m above the ground. The pellet strikes the ground with a speed of 38.5 m/s. How far above the cliff edge would the pellet have gone had the gun been fired straight upwar

Q : Average operating assets last year

A company had the following results last year: sales, $700,000, return on investment, 28% and margin, 8%. The average operating assets last year were?

1942542

Questions
Asked

3,689

Active Tutors

1437078

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is overhead application rate

Reference No:- TGS0716515

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determine the minimum force required to initiate motion

Q : Determine the work done on the capacitor

Q : How to koko company produces lamps

Q : Calculate the speed at launch

Q : What is overhead application rate

Q : Compute the astm grain size number for this alloy

Q : How much of the joint costs will be allocated to turpentine

Q : How far above the cliff edge would the pellet have gone

Q : Average operating assets last year

Patient noticed that his skin is redder than normal

What if patient has excessive dryness of the skin

How interconnected health technology really is

Male in hematology clinic with signs of progressive fatigue

Patient complains of diaphoresis, fatigue, abdominal pain

Patient been getting chest pains at weird times

Neurological nurse cares for clients having seizure disorder

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is overhead application rate

Reference No:- TGS0716515

Recent Questions Asked Accounting Basics

Q : Determine the minimum force required to initiate motion

Q : Determine the work done on the capacitor

Q : How to koko company produces lamps

Q : Calculate the speed at launch

Q : What is overhead application rate

Q : Compute the astm grain size number for this alloy

Q : How much of the joint costs will be allocated to turpentine

Q : How far above the cliff edge would the pellet have gone

Q : Average operating assets last year

Asked Questions