The monthly production overheads for Toy Craft Ltd are as follows: The business has two production cost
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The monthly production overheads for Toy Craft Ltd are as follows:
The business has two production cost centres and one service cost centre, details of which are given below.
Required
(a) Decide on a suitable basis of apportionment for each of the indirect costs that are not going to be allocated and construct a production overhead analysis for Toy Craft Ltd.
(b) Calculate the machine hour overhead absorption rate for the machine department.
(c) Calculate the direct labour hour overhead absorption rate for the assembly department.
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Related Book For 
Business Accounting An Introduction To Financial And Management Accounting
ISBN: 9780230276239
2nd Edition
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
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