What is leo lion corporations predetermined manufacturing, Ask an Expert

Accounting

Leo Lion Corporation allocates manufacturing overhead based on machine hours. Leo Lion budgeted 11,000 machine hours and $91,000 of manufacturing overhead costs. Actually used were 14,000 machine hours and the following actual costs were incurred:

Indirect Labor 10,000
Depreciation on Plant 44,000
Machinery Repair 15,000
Direct Labor 76,000
Plant Supplies 3,000
Advertising 33,000
Sales commissions 25,000

What is Leo Lion Corporation's predetermined manufacturing overhead cost (round to the nearest penny)?

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M956042

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - sheffield corporation operates a retail computer

Question - Sheffield Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2017. The terms of acquisition for each truck are described ...

Question - during 2018 beltram inc had sales of 35633

Question - During 2018, Beltram, Inc. had Sales of $3,563.3 million, Gross profit of $1,634.6 million and Selling, general, and administrative expenses of $1,278.0 million. What was Beltram's Cost of sales for 2018? $ 88 ...

Question - post the following transactions into the

Question - Post the following transactions into the appropriate T accounts. Transactions: 1. Purchased office supplies for $6,000 in cash. 2. Delivered monthly statements; collected fee income of $52,000. 3. Paid the cur ...

Question - aa businesss lawyer charge 30 per your to meet

Question - AA business's lawyer charge $30 per your to meet with the board of directors. The business pays for the expense on the fifth of every month. By the end of the year, the board members and lawyer had met 51 hour ...

Question 1 texas co expects sales of 20000 units of s1 in

Question: 1. Texas Co. expects sales of 20,000 units of S1 in September. DX1 is its most popular high performance desktop model. The sales manager is confident that, between October and December, the total sales will hav ...

Question - x company incurred the following costs in

Question - X Company incurred the following costs in 2017: Factory insurance $4,606 Customer service 4,470 Advertising costs 5,478 Factory maintenance 4,475 Direct materials 5,151 Direct labor 4,165 Factory utilities 5,4 ...

Question 1 auditor accountability please respond to the

Question: 1. Auditor Accountability" Please respond to the following: • Use the Internet or Strayer Library to research a publically traded company that received an unqualified audit report from external auditors and fac ...

Question - how do you find covered payroll on a schedule of

Question - How do you find covered payroll on a schedule of changes in net pension liability and related ratios chart? How do you find "New pension liability as a percentage of covered payroll"? Net change in plan fiduci ...

Questions -q1 isaiah an nba point guard is advised by his

Questions - Q1. Isaiah an NBA point guard, is advised by his physician to install a Jacuzzi in his residence since he is afflicted with a back problem incurred after years of running up and down the court. The cost of in ...

Question - us steel issues a 2000000 bond at 10 for 8 years

Question - US Steel issues a $2,000,000 bond at 10% for 8 years. The market interest rate is 9%. Be sure to use the time value of money tables, not the formulas; and round your answers to the nearest whole dollars. Quest ...

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

Recent Questions

Ask Accounting Basics Expert