Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company absorbs factory overheads at a rate of N$25 per direct labour hour. During 2021 all finished goods were sold and under/over-absorbed overheads were

image text in transcribed
A company absorbs factory overheads at a rate of N$25 per direct labour hour. During 2021 all finished goods were sold and under/over-absorbed overheads were transferred to cost of goods sold. There were no opening and closing balances of work in process. Additional information is as follows N$ 100 000 Building materials (bricks, cements, zincs, etc.) 50 000 Indirect labour cost 200 000 Wages of builders, electricians and plumbers 20 000 Indirect material used 100 000 Depreciation of office equipment Sundry factory overheads 50 000 Calculate the amount of total manufacturing costs for the period h Answer A company absorbs factory overheads at a rate of N$25 per direct labour hour. During 2021 all finished goods were sold and under/over-absorbed overheads were transferred to cost of goods sold. There were no opening and closing balances of work in process. Additional information is as follows N$ 100 000 Building materials (bricks, cements, zincs, etc.) 50 000 Indirect labour cost 200 000 Wages of builders, electricians and plumbers 20 000 Indirect material used 100 000 Depreciation of office equipment Sundry factory overheads 50 000 Calculate the amount of total manufacturing costs for the period h

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting For MBAs

Authors: Peter D. Easton

6th Edition

1618533592, 9781618533593

More Books

Students also viewed these Accounting questions