Question 2 A light engineering factory fabricates machine parts to customers. The factory commenced fabrication of 12 Nos. machine parts to customers' specifications and the expenditure incurred on the job for the week ending 21st August, 20X1 is given below: 780.00 300.00 Direct materials (all items) Direct labour (manual) 20 hours @ 15 per hour Machine facilities : Machine No. 1 : 4 hours @ 45 Machine No. Il : 6 hours @ 65 Total Overheads @8 per hour on 20 manual hours Total cost 180.00 390.00 570.00 1,650.00 160.00 1,810.00 The overhead rate of 8 per hour is based on 3,000 man hours per week; similarly, the machine hour rates are based on the normal working of Machine Nos. I and II for 40 hours out of 45 hours per week. After the close of each week, the factory levies a supplementary rate for the recovery of full overhead expenses on the basis of actual hours worked during the week. During the week ending 21st August, 20X1, the total labour hours worked was 2,400 and Machine Nos. I and II had worked for 30 hours and 32.5 hours respectively. Prepare a Cost Sheet for the job for the fabrication of 12 Nos. machine parts duly levying the supplementary rates. Question 2 A light engineering factory fabricates machine parts to customers. The factory commenced fabrication of 12 Nos. machine parts to customers' specifications and the expenditure incurred on the job for the week ending 21st August, 20X1 is given below: 780.00 300.00 Direct materials (all items) Direct labour (manual) 20 hours @ 15 per hour Machine facilities : Machine No. 1 : 4 hours @ 45 Machine No. Il : 6 hours @ 65 Total Overheads @8 per hour on 20 manual hours Total cost 180.00 390.00 570.00 1,650.00 160.00 1,810.00 The overhead rate of 8 per hour is based on 3,000 man hours per week; similarly, the machine hour rates are based on the normal working of Machine Nos. I and II for 40 hours out of 45 hours per week. After the close of each week, the factory levies a supplementary rate for the recovery of full overhead expenses on the basis of actual hours worked during the week. During the week ending 21st August, 20X1, the total labour hours worked was 2,400 and Machine Nos. I and II had worked for 30 hours and 32.5 hours respectively. Prepare a Cost Sheet for the job for the fabrication of 12 Nos. machine parts duly levying the supplementary rates