1.3ll all a22%)I 10:56K/sAssignment.Not saved yetFollowing questions are to be solved forthis assignment:Question 1A company is preparing its production overhead budgets and determining the apportionment of thoseoverheads to products. Cost centre expenses and related information have been budgeted as follows.MachineMachineMainten-shop A2$shop B Assembly Canteen$9,1908,700Totalance2$78,56016,90016,700$$2$Indirect wages8,58615,67429,65015,460Consumable materials6,4001,200600Rent and rates2,4008,6003,40040,200402,000Buildings insurancePowerHeat and lightDepreciation (machinery)Value of machinery201,000179,00022,000Power usage (%)Direct labour (hours)Machine usage (hours)Area (sq ft)10055403235,0008,0006,20018,00012,00020,80025,20045,0007,20010,00015,0006,0002,000RequiredUsing the direct apportionment to production departments method and bases of apportionment which youconsider most appropriate from the information provided, calculate overhead totals for the threeproduction departments.Question 2List as many possible bases of absorption(or 'overhead recovery rates') as youthink of.

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A company is preparing its production overhead budgets and determining the apportionment of those overheads to products. Cost centre expenses and related information have been budgeted as follows. Machine Machine Mainten- Total $ shop B Assembly $ Canteen shop A 2$ 8,586 6,400 ance 2$ 29,650 2$ Indirect wages 78,560 9,190 15,674 15,460 Consumable materials 16,900 8,700 1,200 600 Rent and rates 16,700 Buildings insurance Power 2,400 8,600 Heat and light 3,400 40,200 Depreciation (machinery) Value of machinery 402,000 201,000 179,000 22,000 Power usage (%) Direct labour (hours) Machine usage (hours) Area (sq ft) 100 55 40 2 35,000 8,000 6,200 20,800 25,200 7,200 18,000 45,000 10,000 12,000 15,000 6,000 2,000 Required Using the direct apportionment to production departments method and bases of apportionment which you consider most appropriate from the information provided, calculate overhead totals for the three production departments.

A company is preparing its production overhead budgets and determining the apportionment of those overheads to products. Cost centre expenses and related information have been budgeted as follows. Machine Machine Mainten- Total $ shop B Assembly $ Canteen shop A 2$ 8,586 6,400 ance 2$ 29,650 2$ Indirect wages 78,560 9,190 15,674 15,460 Consumable materials 16,900 8,700 1,200 600 Rent and rates 16,700 Buildings insurance Power 2,400 8,600 Heat and light 3,400 40,200 Depreciation (machinery) Value of machinery 402,000 201,000 179,000 22,000 Power usage (%) Direct labour (hours) Machine usage (hours) Area (sq ft) 100 55 40 2 35,000 8,000 6,200 20,800 25,200 7,200 18,000 45,000 10,000 12,000 15,000 6,000 2,000 Required Using the direct apportionment to production departments method and bases of apportionment which you consider most appropriate from the information provided, calculate overhead totals for the three production departments.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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