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…

Business

Accounting

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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