Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 14 Kuma Ltd's budgeted overheads for the forthcoming period applicable to its production department are as follows: Departments Budgeted overheads (GH) Assembling 870,000 Finishing
QUESTION 14 Kuma Ltd's budgeted overheads for the forthcoming period applicable to its production department are as follows: Departments Budgeted overheads (GH) Assembling 870,000 Finishing 690,000 The budgeted overheads costs for the forthcoming period for the service departments are as follows: Departments Budgeted overheads (GH) Stores 160,000 Maintenance 82,000 The services departments render services to various departments as follows: Department Assembling Finishing Stores Stores 60% 30% Maintenance 10% Maintenance 50% 30% 20% Required: (a) Apportion the service department costs to production departments using: (i) Repeated distribution method (ii) Simultaneous equations method (b) Comment briefly on your figures in (a) above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started