Q2 : Basic rate per hour is RM36, with overtime paid at time-and -a quarter

Required calculate overtime and overtime premium

Q3

(a) Explain the importance of Marginal Costing in relation to short term decision making

(b) Explain the importance of cost assignment in relation to product costing

(c) Describe THREE disadvantages of piece-work system

Please answer Required 1 , 2 ,3

year 2017: - Question Hi- Toray Plastic (M) Sdn. Bhd. (Toray) produces and supplies commercial plastic mainly to its customers in construction industry. Toray has three production departments: A, B and C and they are serviced by a maintenance and store departments. The following are the budgeted data for the RM Indirect wages+ A Department- 11,600.- B Department- 8,200++ C Departmente 8,800.- Maintenance Department: 22,600++ Store Department 18,90042 Rent and rater 24,000++ Powere 31,000++ Machine depreciatione 5,6004 Supervision 25.20042 Recreation center 29,000++ Additional information: Department- AP C Maintenance Store- Floor area (Sq. m) 2,500 1,400 1,600- 900- 1,6002 No. of employees 12- 152 82 8 7. Machine value (RM) 180,000 220,000. 100.000- Power (KW): 12.000- 18,000. 10,000 Maintenance hourse 802 60 60 No. of materials 250- 400- 350- Requisitions Machine hours 450.000 340,000+ 210,000+ Required: (a) Prepare an Overhead Cost Analysis sheet after the costs of the service departments have been re-apportioned to each production departments. (19 marks) (b) Calculate Overhead Absorption Rate (OAR) for each production department. (6 marks) - - + P