Engineering Products PLC produces Product GH1, which incurs costs of 150 for direct materials and 75 for

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Engineering Products PLC produces Product GH1, which incurs costs of £150 for direct materials and £75 for direct labour. The company has estimated its production overhead and direct labour hours for a period as:

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Product GH1 is produced using 10 hours in Dept A, 12 hours in Dept B and 5 hours in Dept C.
Calculate the total cost of each GH1 using:

• aplant-wide overhead recovery rate;

• cost centre overhead recovery rates.

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Accounting For Managers Interpreting Accounting Information For Decision Making

ISBN: 9780470016091

2nd Edition

Authors: Paul M. Collier

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Question Posted: May 27, 2024 08:01 AM

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Engineering Products PLC produces Product GH1, which incurs costs of 150 for direct materials and 75 for

Question:

Dept A Overheads 150,000 Direct labour hours 5,000 Dept B 200,000 10,000 Dept C 125,000 5,000

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Accounting For Managers Interpreting Accounting Information For Decision Making

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