assignment on financial and cost accounting

Seri Anggerik Son Bhd. forecast the following production overhead for its production cost Centres Cutting Moulding Finishing and service cost centres Maintenance and Store for the year ended April 2020 Allocated costs: Cutting Moulding Finishing Maintenance Stores 250 500 239 500 295,500 120.000 68.500 Common costs: Depreciation on machines Depreciation on motor vehicles Depreciation on equipment Once rental Interest on loan Telephone expenses Insurance on machine Insurance on motor vehicles Insurance on building 76.000 87.300 25.600 69.000 14 400 13.500 76.400 102,200 145,100 The following information relates to the above cost centres Overhead costs Total Cutting Moulding Indirect materials (RM) 506,800 210 000 142.000 Indirect labour (RM) 617.200 190 200 165.600 Machine value (RM) 628,000 210.000 200.800 Stores 52 500 34 300 800 6,400 842 900 2,300 290.400 17,300 500 105 400 Floor area (salt) 1 Motor vehicles value (RM) Maintenance hours Loan (RM Number of stocks (units) Cost centres Finishing Maintenance 102 300 125.900 1 01.200 135 200 82.000 30.900 10,800 1.000 182,000 85.000 20,600 50 100 16800 28.700 36.200 18.400 27.700 14,000 170,400 143,900 13300 1,800 200,100 20.000 56,500 32,600 34.900 26,100 178,300 203.000 109.800 117.500 106 200 698.400 Machine ho 66,300 48,500 24.800 28.500 184,700 Direct labour hours Direct labour cos (RM) 3.200 9.900 21,100 Required: b. Calculate an overhead absorption rate based on the following basis. Cutting Department Moulding Department: Finishing Department: Machine hours Direct labour costs Direct labour hours