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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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