Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Excessive-System Incorporated uses a normal job-costing system at its Rumailah's plant. The plant has a machining department and an assembly department. Its job-costing system has

image text in transcribed
Excessive-System Incorporated uses a normal job-costing system at its Rumailah's plant. The plant has a machining department and an assembly department. Its job-costing system has two direct-cost categories (direct materials and direct labor) and two manufacturing overhead cost pools (the machining department overhead is allocates to jobs based on machine-hours, and the assembly department overhead is allocates to jobs based on direct labor hours). The 2020 budget for the plant is as follows Assembly Department Particulars AED8,750,000 Machining Department AED3,000,000 AED 1,400,000 hours 100,000 hours 50,000 AED 2,500,000 hours 200,000 Manufacturing overhead Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours hours 200,000 Assembly Department AED45,000 During May, the job-cost record for Job 707 contained the following Machining Department Particulars AED65,000 Direct materials used AED 24,000 Direct manufacturing labor costs hours 1,000 Direct manufacturing labor-hours hours 2,800 Machine-hours AED 17,500 hours 1,500 hours 1,000 :REQUIRED Compute the overhead rates and total manufacturing costs allocated to Job 707 a (marks 6)

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

Edi Audit And Control

Authors: I. Walden, A. Braganza

3rd Edition

1855542080, 978-1855542082

More Books

Students also viewed these Accounting questions

Question

=+ How do our statuses in society affect our uses of emotions?

Answered: 1 week ago

Question

Enhance the basic quality of your voice.

Answered: 1 week ago

Question

Describe the features of and process used by a writing team.

Answered: 1 week ago