Please answer these two questionsthanks
After being retrohol. Son decided to a wall nice businesshme. For each of the following transaction determine if coute entries required. If required, write count to be deleted and credited fotelul indicate as Norge (2) Samsa este 20.000 lito is now service bine Samsonite Service". and bank account in name was opened. He who cributed his own computerworth $1,000 to the 0 Tefumishi ww offline denk daw office chain were bought from PELA sing a business chaque of 5900 te showed his own choy had to that one for his to Billed client Den 3.150 for viderendered One of the office chairs bright from Lewat defective and the business Hungy tail li A vi vai ( 8 ) HH Hive (0 Ahermoche. Ses her agreed to lend 5,000 to the band wa cheque for it perinteen SPA, Char sat was paid deposit with the remainder to be paid by the end of the most 0 Received cash of $50 for rendered som honda chaqueta pay attirent of $1,40 Same took sx out from the office to buy a bouquet of flowers to u wilt (1) Received a choquefort with Poid the mounting Princhew in Sansi win the first price in a licky draw and received 538.668 in grine mere Same to R,000 from his priemoney to buy disminding for his wife With a penonal choque S5,106, Samwin paid back the $5,000 kwn from his her together with an interest of $100 Banked in all on Paul's cuboks 30 April 2021 had a debt balance of 1.160. Os the same die de hunk ordbeefXM0 Alter checking the book in de la matemat, the following forces were discovered 1. The bank tad puiduting order for rental of $2,500 2 Ace of S4,100 emprunted for pemak 1 Adr1,330 ed in April.ly credited in the band time 02 May Abego led to a payable for $1.735 ha been recorded in the cat books $1.39% 5. The bank received by credit transfer an amount of s) from cerning Lad Bank charges of Sts had been charged by the bank we not recented in the cast 9. The band met sees that achegue of $3,290 rived from Tommy kat bere nakedGod choy but honest was made in the call book A comparace between the cash book and the bank statement shows that a choque payment of 528 for store has been emited from the auth book but comectly renied in de bank Required: Bring the cmhbook prod. Calculate the updated baleton 30 April 2021 and te whether it in a chilor crede balance mark (b) thropre a statement to once the difference herwcow your mended cash book hole and the home in the bank met n 30 April 2121 (0) State the amount of the bank balance which would appear in Puls Salem Pinuncil 30 April 2021 (malo 9,240 Space Ltd has two production departments, A and B. The following budgeted overheads are expected to be incurred next quarter: $ Indirect costs Department A 15,080 Department B Machine maintenance 17,460 Factory rent 46,200 Power 10,230 The following information is also available: Department A Department B Power usage 30% No of machines 2 Floor area (m) 4,620 3,080 70% Department A is machine intensive while Department B is largely labour-based. Information on machine and labour hours for the two production departments is shown below: Department A Department B Direct labour hours 3,600 15,600 Machine hours 12,300 4,800 REQUIRED: 0 Reproduce the table on the next page and calculate the overhead absorption rate in each department by completing the table. You are required to use the most appropriate basis to apportion the relevant overhead costs. (Please show detailed workings and round up your answers to two decimal places.) (30 marks) (ii) One of Space Ltd's products is Axe. Cost information to produce one unit of Axe is as follows: Direct materials 5 kg at $6.70 per kg Direct labour 10 hours at $8 per hour Time Spent in: Department A 5 machine hours Department B 7 direct labour hours Find the cost per unit of Axe (Please show detailed workings and express your answers in two decimal places.) (5 marks) After being retrohol. Son decided to a wall nice businesshme. For each of the following transaction determine if coute entries required. If required, write count to be deleted and credited fotelul indicate as Norge (2) Samsa este 20.000 lito is now service bine Samsonite Service". and bank account in name was opened. He who cributed his own computerworth $1,000 to the 0 Tefumishi ww offline denk daw office chain were bought from PELA sing a business chaque of 5900 te showed his own choy had to that one for his to Billed client Den 3.150 for viderendered One of the office chairs bright from Lewat defective and the business Hungy tail li A vi vai ( 8 ) HH Hive (0 Ahermoche. Ses her agreed to lend 5,000 to the band wa cheque for it perinteen SPA, Char sat was paid deposit with the remainder to be paid by the end of the most 0 Received cash of $50 for rendered som honda chaqueta pay attirent of $1,40 Same took sx out from the office to buy a bouquet of flowers to u wilt (1) Received a choquefort with Poid the mounting Princhew in Sansi win the first price in a licky draw and received 538.668 in grine mere Same to R,000 from his priemoney to buy disminding for his wife With a penonal choque S5,106, Samwin paid back the $5,000 kwn from his her together with an interest of $100 Banked in all on Paul's cuboks 30 April 2021 had a debt balance of 1.160. Os the same die de hunk ordbeefXM0 Alter checking the book in de la matemat, the following forces were discovered 1. The bank tad puiduting order for rental of $2,500 2 Ace of S4,100 emprunted for pemak 1 Adr1,330 ed in April.ly credited in the band time 02 May Abego led to a payable for $1.735 ha been recorded in the cat books $1.39% 5. The bank received by credit transfer an amount of s) from cerning Lad Bank charges of Sts had been charged by the bank we not recented in the cast 9. The band met sees that achegue of $3,290 rived from Tommy kat bere nakedGod choy but honest was made in the call book A comparace between the cash book and the bank statement shows that a choque payment of 528 for store has been emited from the auth book but comectly renied in de bank Required: Bring the cmhbook prod. Calculate the updated baleton 30 April 2021 and te whether it in a chilor crede balance mark (b) thropre a statement to once the difference herwcow your mended cash book hole and the home in the bank met n 30 April 2121 (0) State the amount of the bank balance which would appear in Puls Salem Pinuncil 30 April 2021 (malo 9,240 Space Ltd has two production departments, A and B. The following budgeted overheads are expected to be incurred next quarter: $ Indirect costs Department A 15,080 Department B Machine maintenance 17,460 Factory rent 46,200 Power 10,230 The following information is also available: Department A Department B Power usage 30% No of machines 2 Floor area (m) 4,620 3,080 70% Department A is machine intensive while Department B is largely labour-based. Information on machine and labour hours for the two production departments is shown below: Department A Department B Direct labour hours 3,600 15,600 Machine hours 12,300 4,800 REQUIRED: 0 Reproduce the table on the next page and calculate the overhead absorption rate in each department by completing the table. You are required to use the most appropriate basis to apportion the relevant overhead costs. (Please show detailed workings and round up your answers to two decimal places.) (30 marks) (ii) One of Space Ltd's products is Axe. Cost information to produce one unit of Axe is as follows: Direct materials 5 kg at $6.70 per kg Direct labour 10 hours at $8 per hour Time Spent in: Department A 5 machine hours Department B 7 direct labour hours Find the cost per unit of Axe (Please show detailed workings and express your answers in two decimal places.)
