Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

The manufacturing overhead budget of Lewison Corporation is based on budgeted direct labor-hours. The June direct labor budget indicates that 5,800 direct labor-hours will be required in that month. The variable overhead rate is $7.70 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $111,360 per month, which includes depreciation of $17,400. All other fixed manufacturing overhead costs represent current cash flows.

Required:

a. Determine the cash disbursement for manufacturing overhead for June. Show your work!

b. Determine the predetermined overhead rate for June. Show your work

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M949905

Have any Question?


Related Questions in Accounting Basics

Accounting question - dozier company produced and sold 1000

Accounting Question - Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Direct materials   $72,000 Direct labor   $36,500 Varia ...

Question an llc may be taxed in different ways depending on

Question: An LLC may be taxed in different ways depending on the election made on the Form 8832 Entity Classification Election. Using a minimum of 450 words, explain what an LLC is and some of the advantages of this busi ...

Question - in recent years a number of companies have gone

Question - In recent years a number of companies have gone into liquidation (been ‘wound up') because they have not been able to meet their liabilities when they fell due. In Australia, there are some well-publicised exa ...

Question -sept 1 - the company sold shares of common stock

Question - Sept. 1 - The Company sold shares of common stock for $30,000 cash. Sept. 1 - The Company purchased a one-year insurance policy for $300 in cash. Sept. 1 - The Company purchased office equipment costing $8,000 ...

Quesiton sue is working at a sports bar waiting on tables

Quesiton: Sue is working at a sports bar waiting on tables while attending college. She is currently enrolled as a sophomore in the school of business at State University majoring in human resource management. What are t ...

Question purpose of assignmentthis assignment asks you to

Question: Purpose of Assignment This assignment asks you to describe a new business you'd like to start, as well as the advantages and disadvantages of starting a business from scratch versus buying an existing business. ...

Question - newman fowler borrowed 97320 on march 1 2015

Question - Newman Fowler borrowed $97,320 on March 1, 2015. This amount plus accrued interest at 6% compounded semiannually is to be repaid March 1, 2025. To retire this debt, Newman plans to contribute to a debt retirem ...

Question - computation of future values and present values

Question - Computation of Future Values and Present Values - Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) (a) What is the future value of $7,000 ...

Question - during fy 2016 alpha company sold 500 units for

Question - During FY 2016, Alpha Company sold 500 units for total sales of $20,000. Manufacturing costs consisted of direct labor $2,500, direct materials $4,400, variable factory overhead $1,100, and fixed factory overh ...

Question - vitale hair spray had sales of 30000 units in

Question - Vitale Hair Spray had sales of 30,000 units in March. A 40 percent increase is expected in April. The company will maintain 5 percent of expected unit sales for April in ending inventory. Beginning inventory f ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As