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need right answer Don't copy past Factory Overhead (2) Direct Labour Cost Rate x 100 Direct Wages 25000 = x 100 = 312.5% 8000 Factory
need right answer Don't copy past
Factory Overhead (2) Direct Labour Cost Rate x 100 Direct Wages 25000 = x 100 = 312.5% 8000 Factory Overhead (3) Direct Labour Hours Rate x 100 Direct Labour Hours 25000 x 100 = Rs.12.5% 2000 (4) Prime Cost Rate Factory Overhead Prime Cost x 100 25000 x 100 10000 + 8000 25000 x 100 = 138.88% 18000 p28 429 Absorption of Overhead Illustration: 4 3,000 The following figures have been extracted from the books of a manufacturing concern. All jobs pass through the company's two departments : Prod. Dept. Finishing Dept. Rs. Rs. Direct materials used 6,000 500 Direct labour cost 1,500 Factory overheads 1,800 1,200 Direct labour hours 12.000 5,000 Machine hours 10,000 2,000 The following information pertains to work order No.555 Prod. Dept. Finishing Dept. Rs. Rs. Direct materials used 240 20 Direct labour cost 130 50 Direct labour hours 530 140 Machine hours 510 50 You are required to prepare statement showing the different cost results for work order No. 555 under the three commonly used methodStep by Step Solution
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