Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(A) Modern Geezer Company has two departments. Factory overhead costs are applied based on direct labour cost in Department A and machine hours in Department

image text in transcribed

(A) Modern Geezer Company has two departments. Factory overhead costs are applied based on direct labour cost in Department A and machine hours in Department B. The following information is available: Budgeted Items Dept. A Dept. B Direct labour cost Rs. 180,000 Rs.165,000 Machine hours 51,000 40,000 Factory overhead cost Rs.225. Rs. 180,000 Actual data for Job #10 are as follows: Actual Items Dept. A Dept. B Direct materials requisitioned Rs. 10,000 Rs.16,000 Direct labour cost Rs. 11,000 Machine hours 5,000 Required: (A) Compute the budgeted factory overhead rate for Department A. 14 7.000 258 (B) Compute the budgeted factory overhead rate for Department B. (C) What is the total overhead cost for Job #10? (D) If Job #10 consists of 50 units of product, what is the unit cost of this job? Essere ASTROLO po ore care an, Centre hom conduite of so units of prod boring (B) Chief Manufacturing is a small textile manufacturer using machine-hours as the single indirect- cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Somerset High School Science Olympiad Jacket job. Company Somerset High School Job Direct materials Rs. 25,000 Rs. 600 Direct manufacturing labor Rs. 5,000 Rs. 200 Manufacturing overhead costs Rs. 20,000 Machine-hours ,000 mh 800 mh Required: (a) For Chief Manufacturing, determine the annual manufacturing overhead cost-allocation (b) Determine the amount of manufacturing overhead costs cated to the Somerset High School job. (c). Determine the estimated total manufacturing costs for the Somerset High School job. dan rate. Marmarc

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

Step: 3

blur-text-image

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

Forensic And Investigative Accounting

Authors: D. Larry Crumbley, Lester E. Heitger, G. Stevenson Smith

6th Edition

0808034871, 9780808034872

More Books

Students also viewed these Accounting questions

Question

=+c) Compare your forecast to the actual value (by computing APE).

Answered: 1 week ago

Question

Outline some key aspects and contemporary issues in IHRM

Answered: 1 week ago