Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

ii. Moon Ltd. has 02 production departments A, B and 01 service department C. The actual costs for the month of June are as follows.

image text in transcribed

ii. Moon Ltd. has 02 production departments A, B and 01 service department C. The actual costs for the month of June are as follows. Overhead Cost Rent and Rates Wages (Indirect) Insurance Machine Welfare Rs. 500,000 900,000 600,000 450,000 Other details Production- A Production-B Service-C Number of Employees 50 20 20 Machine value (Rs.'000) 4,000 2,000 Floor Sq meters 2,000 2,000 1,000 Production units 3,000 3,000 All the cost of the service department has to be allocated to the production departments based on the production units. Required; Overhead Cost Allocation Sheet (09 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions