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.

“Since you have asked multiple question, we will solve the first question for you. If you want any…

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

See similar textbooks

Similar questions

Razmon's Jewelers has accumulated the following budgeted overhead information (dollar amounts may include both fixed and variable costs). Maintenance Depreciation Manager's salary Indirect supplies Utilities Other Direct Labor Hours 2,000 hours 3,000 hours $12,000 $17,000 8,000 8,000 45,000 45,000 3,200 4,700 1,000 1,200 8,500 9,000 Use this information to create the overhead budget for 2,800 direct labor employee hours. Answer is complete but not entirely correct. Budgeted Overhead Maintenance 5 × Depreciation $ 8,000 Manager's salary $ 45,000 Indirect supplies $ 2 × Utilities $ 1,200x Other $ 1
Consider the following data for two products of Vigano Manufacturing. Activity Budgeted Cost Activity Driver Machine setup $ 16,000 (20 machine setups) Parts handling 12,800 (16,000 parts) Quality inspections 19,200 (100 inspections) Total budgeted overhead $ 48,000 Unit Information Product A Product B Units produced 1,600 units 320 units Direct materials cost $ 26 per unit $ 36 per unit Direct labor cost $ 46 per unit $ 56 per unit Direct labor hours 2 per unit 2.50 per unit 1. Using a plantwide overhead rate based on 4,000 direct labor hours, compute the total product cost per unit for each product.2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. Actual Activity Usage Product A…
Factory Overhead Cost Budget Sweet Tooth Candy Company budgeted the following costs for anticipated production for August: Advertising expenses Manufacturing supplies Power and light Sales commissions Factory insurance Production supervisor wages Production control wages Executive officer salaries Materials management wages Factory depreciation Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs. $297,290 16,290 48,600 328,580 28,300 142,930 37,160 303,010 40,880 23,150 Sweet Tooth Candy Company Factory Overhead Cost Budget For the Month Ending August 31 Variable factory overhead costs: Total variable factory overhead costs Fixed factory overhead costs: Total fixed factory overhead costs Total factory overhead costs
Required information Use the following information for the Quick Studies below. (Algo) Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Data Overhead cost Direct labor hours Machine hours $ 1,358,900 Assembly 12,700 direct labor hours. 6,700 machine hours The departmental overhead rate for Assembly QS 17-7 (Algo) Computing departmental overhead rates LO P2 What is the Assembly department overhead rate using direct labor hours? What is the Finishing department overhead rate using machine hours? The departmental overhead rate for Finishing $ 1,068,800 Finishing 20,700 direct labor ho 16,700 machine hours
Dawson Company manufactures small table lamps and desk lamps. The following shows the activities per product and the total overhead information: Units Setups Inspections Assembly (dlh) 3,400 3,600 8,800 7,200 Small table lamps Desk lamps 8,400 14,000 43,200 43,200 Total Activity-Base Usage Budgeted Activity Cost 10,800 $109,080 22,400 114,240 75,600 340,200 Activity Setups Inspections Assembly (dlh) The total factory overhead (rounded to the nearest cent) to be allocated to each unit of small table lamps is O a. $80.47 O b. $136.80 O c. $48.28 O d. $104.61
Please help me with show all calculation thanku
Required information Use the following information for the Quick Studies below. (Algo) Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Data Overhead cost Direct labor hours Machine hours. Assembly 12,600 direct labor hours 5,400 machine hours Department Assembly Finishing Total $ 1,461,600 QS 17-8 (Algo) Allocating overhead with departmental rates LO P2 Allocate overhead to a job that uses 76 direct labor hours in the Assembly department and uses 62 machine hours in the Finishing department. Departmental Overhead Rate Hours Used $939,400 Finishing 19,400 direct labor hours 15,400 machine hours $ $ Overhead Allocated 0 0 0
i post these que. second time please provide working
Dhepa
Please help me with all answers
these are all subparts apart of one single question.