• 100% Satisfaction Guarantee

Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9725
Experience:  More than 5000 online tutoring sessions.
3708793
Manal Elkhoshkhany is online now

# Formula for finding the allocation rate?

### Resolved Question:

What is the formula for finding the allocation rate?
Submitted: 5 years ago.
Category: Homework
Expert:  Manal Elkhoshkhany replied 5 years ago.

Hello

You divide Amount by the allocation base. For example if the total overhead costs is \$100,000, and the allocation base is Direct Labor Hours, and the hours are 20,000 hours, then the allocation rate is \$100,000/20,000 = \$5

Regards,

Customer: replied 5 years ago.

So did I do this correctly?

At the start of the year

Estimated Total Machine hours 20000

For the year:

Actual Machine hours 20100

52.26 = 1 0 4 5 2 0 0 / 2000

Expert:  Manal Elkhoshkhany replied 5 years ago.
I need to see the full question please, but I think (from what you wrote that this is incorrect because you are supposed to divide the estimated manufacturing overhead), still I would need to see the full question please.
Customer: replied 5 years ago.
Sorry...
Traditional costing employs what is referred to as a "peanut butter" approach to allocating manufacturing overhead costs. This approach is characterized by a company using a single rate to spread overhead costs (just like spreading peanut butter, so to speak) over products or service units.
Winward Yachts manufactures two products, stanchions and compass housings, and uses a single rate to allocate their manufacturing overhead costs. Their rate is based on machine hours.
Given the following information, what is the overhead allocation rate for Windward Yachts?
Expert:  Manal Elkhoshkhany replied 5 years ago.
You can view this answer by clicking here to Register or Login and paying \$3.
Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9725
Experience: More than 5000 online tutoring sessions.

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

### What Customers are Saying:

• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Previous | Next >
• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
• This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
• Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
• I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
• Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
• Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
• He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX

• ### LogicPro

#### Satisfied Customers:

4925
Expert in Java C++ C C# VB Javascript Design SQL HTML
< Last | Next >

### LogicPro

#### Satisfied Customers:

4925
Expert in Java C++ C C# VB Javascript Design SQL HTML

### Manal Elkhoshkhany

#### Satisfied Customers:

4538
More than 5000 online tutoring sessions.

### Linda_us

#### Satisfied Customers:

3138
Post Graduate Diploma in Management (MBA)

### Chris M.

#### Satisfied Customers:

2602
Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)

### F. Naz

#### Satisfied Customers:

2126
Experience with chartered accountancy

### Bizhelp

#### Satisfied Customers:

1887
Bachelors Degree and CPA with Accounting work experience