Overheads Overhead apportionment DW Ltd. has 5 production cost centres. The overhead incurred in a particular period was: The following additional information is available: Prepare the overhead analysis sheet. Overhead absorption The following data for a cost centre are available: - Budgeted production overhead: $30000 - Budgeted output in units: 2000 - Budgeted total machine hours: 15000 - Budgeted total labour hours: 20000 - Budgeted direct materials cost: $10000 - Budgeted direct wages cost: $30000 During the period, Job 123 was produced at the following costs: Note: 6 machine hours were used. Calculate the overhead absorption rate and the overhead absorbed in Job 123 using: a) Direct materials cost percentage rate b) Direct wages cost percentage rate c) Prime cost percentage rate d) Machine hour rate e) Direct labour hour rate f) Cost unit rate Exercise Overheads Overhead apportionment DW Ltd. has 5 production cost centres. The overhead incurred in a particular period was: The following additional information is available: Prepare the overhead analysis sheet. Overhead absorption The following data for a cost centre are available: - Budgeted production overhead: $30000 - Budgeted output in units: 2000 - Budgeted total machine hours: 15000 - Budgeted total labour hours: 20000 - Budgeted direct materials cost: $10000 - Budgeted direct wages cost: $30000 During the period, Job 123 was produced at the following costs: Note: 6 machine hours were used. Calculate the overhead absorption rate and the overhead absorbed in Job 123 using: a) Direct materials cost percentage rate b) Direct wages cost percentage rate c) Prime cost percentage rate d) Machine hour rate e) Direct labour hour rate f) Cost unit rate Exercise