18.Production overheads allocated and apportioned to cost centres in a factory for aperiod, along with additional data, are:Allocated overheadsApportioned overheadsAdditional data:Number of employeesDirect labour hoursMachine hoursProduction Cost Centre -BA$17,628 $38,490-$29,938$45,841(a)(b)145,2001,400212,1707,460C$14,671$28,360144,780580PageService Cost CentreX$3,795$4,6407Y$6,130$5,7508Overheads allocated and apportioned to Service Cost Centre X are re-apportioned onthe following basis: Production Cost Centre A 20%, Production Cost Centre B 45%,Production Cost Centre C 35%.Overheads allocated and apportioned to Service Cost Centre Y are re-apportioned onthe basis of the number of employees in the other cost centres.Required:Re-apportion the service cost centre overheads.Calculate an overhead absorption rate for each production cost centre.8of 9

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Description: 18.Production overheads allocated and apportioned to cost centres in a factory for aperiod, along with additional data, are:Allocated overheadsApportioned overheadsAdditional data:Number of employeesDirect labour hoursMachine hoursProduction Cost Ce

The overheads are incurred with respect to production and service departments. The service…

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18. Production overheads allocated and apportioned to cost centres in a factory for a period, along with additional data, are: Allocated overheads Apportioned overheads Additional data: Number of employees Direct labour hours Machine hours Production Cost Centre A B $17,628 $38,490 $29,938 $45,841 14 5,200 1,400 21 2,170 7,460 Service Cost Centre X $3,795 $4,640 C $14,671 $28,360 14 4,780 580 Y $6,130 $5,750 8

18. Production overheads allocated and apportioned to cost centres in a factory for a period, along with additional data, are: Allocated overheads Apportioned overheads Additional data: Number of employees Direct labour hours Machine hours Production Cost Centre A B $17,628 $38,490 $29,938 $45,841 14 5,200 1,400 21 2,170 7,460 Service Cost Centre X $3,795 $4,640 C $14,671 $28,360 14 4,780 580 Y $6,130 $5,750 8

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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The charges to Work in Process—Baking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production.Work in Process – Baking DepartmentBeginning balance 900 units, 40% completed $2,466 To finished goods, 8,100 units ?Direct materials, 8,400 units 43,500Direct labor 18,200Factory overhead 7,504Ending balance 1,200 units, 60% completed ?Determine the following: a. The number of whole units to be accounted for and to be assigned costs b. The number of equivalent units of production c. The cost per equivalent unit d. The cost of units transferred to Finished Goods e. The cost of units in ending Work in Process
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ator=&inpr... 18 R Print Item Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Glaser Company estimated the following: Assembly Testing Department Department Total Overhead $364,000 $371,280 $735,280 Direct labor hours 157,500 118,125 275,625 Machine hours 50,500 54,540 105,040 Glaser uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labor hours. In the testing department, overhead is applied on the basis of machine hours. Actual data for the month of March are as follows: Assembly Testing Department Department Total Overhead $43,680 $44,554 $88,234 Direct labor hours 18,900 14,175 33,075 Machine hours 6,060 6,545 12,605 Required: 1. Calculate the predetermined overhead rates for the assembly and testing departments. Round your answers to the nearest cent. Assembly department overhead rate per direct labor hour Testing department overhead rate per machine hour Check My Work 4…
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