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Please answer the Question in Detailes, I have the answer but dont know how the Numbers were calculated. SlidePlayer Job Costing Talbot Ltd. There are
Please answer the Question in Detailes, I have the answer but dont know how the Numbers were calculated.
SlidePlayer Job Costing Talbot Ltd. There are three different Departments in Talbot Ltd Manufacturing, Polishing and Packing. For the year ended 2006 the following are the budgeted costs. Total Manufacturing Polishing Packing Indirect materials 160,000 20,000 100,000 40,000 Indirect labour 60,000 220,000 120,000 40,000 Rent/Rates Light/heat Machine maintenance 45,000 26,000 18,000 80,000 36,000 Plant depreciation Factory canteen The following information relates to the three Departments Total Manufacturing Polishing Packing Floor space in square metres Volume in cubic metres 9,000 4,000 3,000 2,000 16,000 30,000 10,000 4,000 Plant valuation in at book value 100,000 500,000 270,000 130,000 Machine hours 60,000 30,000 15,000 15,000 Number of employees 90 40 30 20 Labour hours 60,000 40,000 20,000 120,000 Lob No. 811 has been completed. The details are: Machine Labour Direct Direct Materials Labour Hours Hours Manufacturing Polishing Packing 6,200 920 50 20 80 2,600 2,400 20 1,400 27 The company budgets for a profit margin of 25% required to: (a) Calculate the overhead to be absorbed by each Department stating clearly the basis of apportionment used (b) Calculatea suitable overhead absorption rate for each Department. (c) Compute the selling price of Job No 811 (d) Name three overhead absorption rates and statewhy they ratherthan actual figures You are budgeted are based on [8o marks] SlidePlayer Job Costing Talbot Ltd. There are three different Departments in Talbot Ltd Manufacturing, Polishing and Packing. For the year ended 2006 the following are the budgeted costs. Total Manufacturing Polishing Packing Indirect materials 160,000 100,000 40,000 20,000 Indirect labour ,000 40,000 220,000 120,000 Rent/Rates Light/heat Machine maintenance 45,000 26,000 18,000 80,000 36,000 Plant depreciation Factory canteen The following information relates to the three Departments Total Manufacturing Polishing Packing Floor space in square metres Volume in cubic metres 9,000 4,000 3,000 2,000 16,000 30,000 10,000 4,000 Plant valuation in at book value 500,000 270,000 130,000 100,000 Machine hours ,00 15,000 30,000 15,000 Number of employees 30 90 40 20 Labour hours 0,000 40,000 120,000 20,000Step by Step Solution
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