Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. .normal operating capacity of richardson, inc. is

.Normal operating capacity of Richardson, Inc. is 100,000 machine hours per month, the level used...

80.2K

Verified Solution

Question

Accounting

.Normal operating capacity of Richardson, Inc. is 100,000 machine hours per month, the level used to compute predetermined factory overhead application rate. At this level of activity, fixed factory overhead is estimated to be P150,000 and variable factory overhead is estimated to be P250,000. During March, actual production required 105,000 machine hours and actual factory overhead totaled P411,000.

a) determine the fixed portion of the factory overhead application rate

b) determine the variable portion of the factory overhead application rate

c) Is factory overhead for March over or underapplied, and by how much?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A company has 2 investment opportunities with the following cash flows:                                   Year 1           Year 2           Year 3      Investment A            $1,500          $1,250          $1,800      Investment B            $1,500          $1,500          $1,500 If...

Finance
Q

1 Pretty Lady Cosmetic Products has an average production process time of 40 days. Finished goods...

Finance
Q

Jason has found gold in his backyard! His backyard is a right isosceles triangle with each...

Advance Math
Q

Handball 13 Football Basketball TOTAL STUDENTS 1 How many students do not like either Handball...

Basic Math
Q

The function h (t) = -16t(t-7) models the height of an object at any time...

Basic Math
Q

Assume that you are interviewed by a student newspaper regarding the nature of accounting fraud....

Accounting
Q

Chris is in the 50% tax bracket in year 1 but congress has decreased his...

Accounting
Q

Assume ABC Company has asked you to not only prepare their 2017 year-end...

Accounting
Q

Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted...

Accounting
Q

Sendelbach Corporation is a U.S.-based organization with operations throughout the world, One of its subsidiaries...

Accounting
Q

Please answer just number 2 A company is looking...

Accounting
Q

Carl paid $3,000 for tuition and $250 for fees at an eligible educational institution. He...

Accounting