A. 2 3 4 5 6 Yesbra Inc. has the following budgeted manufacturing overheads for the year, based on normal activity levels: B. Department Material required will be: Iron 280 kg at $52.50 per kg Zinc 195 kg at $36.80 per kg Copper 210 kg at $30.00 kg Direct labour required will be: C. Machining Assembly Finishing Budgeted Overheads Machining department 80 hours at $450 per hour Assembly department 336 hours at $360 per hour Finishing department 184 hours at $280 per hour The profit margin is 25 % $ 2 450 000 3 456 000 3 200 000 Styles Overheads Absorption Base Vesbra Inc. is asked to provide information, for JOB DLW420, in relation to the supply of a replacement motor for a standby generator at a factory located in Portmore. The motor will need to be passed through the machining department, the assembly department and the finishing department. JOB DLW420 incurred the following cost 10 000 machine hours 9 000 Labour hours 8 000 Labour hours Calculate the overhead absorption rate for each production department Prepare the job cost sheet for Vesbra Inc, Calculate the Quotation cost for the job
A. 2 3 4 5 6 Yesbra Inc. has the following budgeted manufacturing overheads for the year, based on normal activity levels: B. Department Material required will be: Iron 280 kg at $52.50 per kg Zinc 195 kg at $36.80 per kg Copper 210 kg at $30.00 kg Direct labour required will be: C. Machining Assembly Finishing Budgeted Overheads Machining department 80 hours at $450 per hour Assembly department 336 hours at $360 per hour Finishing department 184 hours at $280 per hour The profit margin is 25 % $ 2 450 000 3 456 000 3 200 000 Styles Overheads Absorption Base Vesbra Inc. is asked to provide information, for JOB DLW420, in relation to the supply of a replacement motor for a standby generator at a factory located in Portmore. The motor will need to be passed through the machining department, the assembly department and the finishing department. JOB DLW420 incurred the following cost 10 000 machine hours 9 000 Labour hours 8 000 Labour hours Calculate the overhead absorption rate for each production department Prepare the job cost sheet for Vesbra Inc, Calculate the Quotation cost for the job
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Concept explainers
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Topic Video
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education