Judas (Pty) Ltd opened a newly glass manufacturing stores in Havana settlement area. They received orders for 200 units per month. Budgeted labour hours amount to 2000 for the period. There are no opening balances and the following information for the current period is available: NS Revenue 400 000 Materials purchased on credit 40 000 Direct labour paid (1920 hours x $50) 96 000 Materials transferred to work in progress 24 000 Budgeted manufacturing overheads 153 600 Overhead paid: Rent 120 000 Utilities 8 000 Depreciation on equipment 16 000 Factory foremen wage 8 400 Cost of goods completed 250 000 Cost of sales 200 000 Advertising 50 000 Revenue commission 40 000 Office salaries 100 000 Depreciation: Office equipment 10 000 Calculate the balance on the WIP control Account Question 28 Not yet answered Marked out of 2.00 P Flag question Jane earned a basic salary of N$5 000 and overtime of N$1 200 in August. In addition, she receives a transport allowance of N$300 per month. Her pension fund contribution is 7.5% of basic salary, medical aid contribution is N$250 and she pays tax at 25% of taxable income. What was her taxable income in August? (round off your answer to the nearest whole number) Answer: Question 29 Not yet answered Marked out of 2.00 Flag question Overton Ltd uses predetermined overhead cost rates in its costing system. During the year, the company charged N$550 000 in absorbed factory overhead costs. Absorbed factory overhead cost was over-absorbed with N$25 000 during the year. The actual production overhead costs during the year were