Question
The production department of a factory furnishes the following information for the month of March, 2007. Materials used Rs. 54,000 Direct Wages Rs. 45,000 Overheads
The production department of a factory furnishes the following information for the month of March, 2007.
Materials used Rs. 54,000
Direct Wages Rs. 45,000
Overheads Rs. 36,000
Labor hours worked - 36,000
Hours of machine operation - 30,000
For an order executed by the department during the period, the relevant information was as under.
Materials used Rs. 6,00,000
Direct Wages Rs. 3,20,000
Labor hours worked - 3,200
Machine hours worked - 2,400
Calculate the overhead charges chargeable to the job by the following methods,
i. Direct materials cost percentage rateii. Labor hour rateand iii. Machine hour rate.
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