Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 Use the following information for Question 3 a) and 3 b): a) At the beginning of the year, Jerry Son. Bhd, estimated the

image text in transcribed
Question 3 Use the following information for Question 3 a) and 3 b): a) At the beginning of the year, Jerry Son. Bhd, estimated the following: Firing Department Polishing Department Total RM RM RM Overhead 405,000 110,000 515,000 Direct labor hours 28,750 100,000 128.750 Kiln hours 90,000 0 90,000 Refer to the information for Jerry Son. Bhd. above. Jerry uses departmental overhead rates. In the firing department, overhead is applied on the basis of kiln hours (number of hours spent in the gas-fired kiln). In the polishing department, overhead is applied on the basis of direct labor hours. Actual data for the month of July are as follows: Firing Department Polishing Department Total RM RM RM Overhead 34,000 9,370 43,370 Direct labor hours 2,350 8,600 10,950 Kiln hours 7,400 0 7,400 Required: i) Calculate the predetermined overhead rates for the firing and polishing departments. ii) Calculate the overhead applied to production in each department for the month of July. iil) By how much has each department's overhead been overapplied? Underapplied? b) At the beginning of the year, Selasih Sdn. Bhd. estimated the following: Machining Department Assembly Department Total RM RM RM Overhead 240,000 360,000 600,000 Direct labor hours 135,000 240,000 375,000 Machine hours 200,000 0 200,000 Selasih uses departmental overhead rates. In the machining department, overhead is applied on the basis of machine hours. In the assembly department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows: Machining Department Assembly Department Total RM RM RM Overhead 22,500 30,750 53,250 Direct labor hours 11,000 20,000 31,000 Machine hours 17,000 0 17,000 Required: i) Calculate the predetermined overhead rates for the machining and assembly departments. ii) Calculate the overhead applied to production in each department for the month of June. iil) By how much has each department's overhead been overapplied? Underapplied

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sound Investing, Chapter 11 - Crafty Comprehensive Income

Authors: Kate Mooney

1st Edition

0071719334, 9780071719339

More Books

Students also viewed these Accounting questions

Question

In Exercises 11-13, find the length of AB. B C A 9 8 E 10 D

Answered: 1 week ago

Question

assist. answer is 405 803

Answered: 1 week ago

Question

Explain why employees join unions.

Answered: 1 week ago

Question

Discuss breakdowns in the negotiations process.

Answered: 1 week ago