Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. rolex corporation estimates that its production fo

rolex corporation estimates that its production for the coming year will be 10,000 units, which...

50.1K

Verified Solution

Question

Accounting

rolex corporation estimates that its production for the coming year will be 10,000 units, which is 80% of normal capacity, with the following unit costs:

materials p40

direct labor 60

direct labor is paid at the rate of p24 per hour. the machine should be run for 20 minutes to produce one unit. total estimated overhead is expected to consist of php400,000 for variable overhead and php400,000 for fixed overhead.

Required:

Compute for the pre-determined overhead rate base on a. units of production b. material cost c. direct labor cost d. direct labor hours e. machine hours

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 survey of company executives reveals that over half of the executives feel that more work...

Statistics
Q

The free oscillations of a mechanical system are observed to have a certain angular frequency ?1....

Physics
Q

Use the following figure and information to answer the question Adipose fin Icharacteristic of trout...

Biology
Q

Researchers counted 8,912 monarch butterflies on one branch of a tree at a site in...

Basic Math
Q

An airline sells all tickets for a certain route at the same price. If it...

Basic Math
Q

9 lim x 0 2 X 1 e sin x 2 x 1 e

Calculus
Q

Question 10 : What is the overall purchase cost of the batches of CBVB components...

Accounting
Q

Which of the following is true regarding the IRS Annual Filing Season Program? A: requires...

Accounting
Q

Bramble Corp. just began business and made the following four inventory purchases in June: June...

Accounting
Q

Direct Materials Variances Bellingham Company produces a product that requires 16 standard pounds per unit....

Accounting
Q

Suppose you invested $100 in the Ishares High Yield Fund (HYG) a month ago. It...

Finance
Q

What is stakeholder salience theory? How can this theory help managers to prioritize competing stakeholders...

Finance