c) Having carried out the allocation and apportionment process of its operations, themanagement accountant of Flowers Ltd is left with the reapportionments to carryout. The data below represent the current state of the overhead distributionsummary and the additional detail that is needed to answer the question thatfollows.Flower Ltd overhead distribution summaryProduction departmentTMAmount in Amount inKesKes25,00020,000Total b/dReapportionment percentagesA (%)B (%)RequiredProduction departmentMT30202025FAmount inKes30,000F2530i. The repeated distribution methodii. Algebraic methodService departmentAAmount inKes10,000Service departmentA-BAmount inKes20,00025B25a) Reapportion the service department overheads into the production departments onthe basis of each of the following:

Overhead Apportionment Summary( Using Repeated Distribution Method)DetailsProduction…

c) Having carried out the allocation and apportionment process of its operations, the management accountant of Flowers Ltd is left with the reapportionments to carry out. The data below represent the current state of the overhead distribution summary and the additional detail that is needed to answer the question that follows. Flower Ltd overhead distribution summary Production department M Total b/d T Amount in Amount in Kes Kes 25,000 20,000 Reapportionment percentages A (%) B (%) Production department M 30 20 T 20 25 F Amount in Kes 30,000 F 25 30 i. The repeated distribution method ii. Algebraic method Service department A Amount in Kes 10,000 B Amount in Kes 20,000 Service department A 25 B 25 Required a) Reapportion the service department overheads into the production departments on the basis of each of the following:

c) Having carried out the allocation and apportionment process of its operations, the management accountant of Flowers Ltd is left with the reapportionments to carry out. The data below represent the current state of the overhead distribution summary and the additional detail that is needed to answer the question that follows. Flower Ltd overhead distribution summary Production department M Total b/d T Amount in Amount in Kes Kes 25,000 20,000 Reapportionment percentages A (%) B (%) Production department M 30 20 T 20 25 F Amount in Kes 30,000 F 25 30 i. The repeated distribution method ii. Algebraic method Service department A Amount in Kes 10,000 B Amount in Kes 20,000 Service department A 25 B 25 Required a) Reapportion the service department overheads into the production departments on the basis of each of the following:

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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A
The following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC: Manufacturing overhead RO 5,000 Selling & Distribution overhead RO 2,000 Direct material RO 10,000 Direct expenses RO 4,000 Administration overheads RO 1,000 Direct labor RO 3,000 Use the above information and answer 31 MCQ 31. Calculate the cost of sales that is incurred for Al Hood Manufacturing & Trading LLC. a.RO 23,000 b.RO 8,000 c.RO 22,000 d.RO 25,000
?Refer to CASE 1 (Company A): What is the activity rate for the Inspection activity cost pool $12.20 a O $890.00 b O $6.00 .c O None of the amounts given d O
1. Determine the total estimated overhead cost for each of the producing departments after allocating the cost of the service department. A. Using employee headcount as the allocation base. B. Using occupied space as the allocation base. C. Using productive capacity as the allocation base. D. Using the 3-year average use as the allocation base.
provide correct answer please
Account balances from Boilermakers Company are as follows: Manufacturing Overhead Work in Process Finished Goods Cost of Goods Sold $240,000 underapplied 100,000 300,000 800,000 Under- or overapplied overhead is material and is allocated to Work in Process, Finished Goods, and Cost of Goods Sold (based on ending account balances), Cost of Goods Sold after adjustment would have a balance of Oa. $1,440,000. Ob. $640,000. Oc. $960,000. Od. $1,040,000.
3. At the end of the year, the Comptroller accumulated the total actual costs and hours incurred by Department A and Department B during the year for the company. Using the information provided below, caleulate the final overhead rates for both departments. Department A Department B Plant Total Direct Material Cost S337,000 $25,000 $362,000 $360,400 $99,000 $459,400 Direct Labor Cost $299,000 $495,000 S794,000 Department Overhead Cost Direct Labor Hours 34,000 9,000 43,000 Machine Hours 1,000 41,000 42,000 Department A: per direct labor hour Department B: per machine hour
The following data relates to departments A, B, and C of a company; machine hours: department A- 1000hours, B-1500hours, C-1200hours; floor space: department A- 20sqm, B- 15sqm, C- 25sqm. The total production overhead cost of GH¢1200000 is made up of rent- GH¢800000 and depreciation-GHC400000. The company uses the ABC system to apportion overhead cost. The total overhead cost for department A will be OA. GHC345949.5 B. GH 249549.5 OC. GH¢349549.5 OD. GHC245949.5
2.
The following financial information about the manufacturing plant of Continental Company for the year-to-date and the month of July appears on the company's records: Materials inventory, June 30 Work-in-process inventory, June 30 Finished goods inventory, June 30 Cost of goods sold through June 30 Accounts payable (materials suppliers), June 30 Manufacturing overhead through June 30 Payroll payable, June 30 Withholding and other payroll liabilities, June 30 Overhead applied through June 30 A count of the inventories on hand July 31 shows the following: Materials inventory Work-in-process inventory Finished goods inventory $ 44,500 ? 42,000 • Manufacturing overhead incurred through July was $233,900. Cost of goods sold through July 31 was $417,800. Interviews with various plant administrative employees August 1 reveal some additional information: • The company currently owes materials suppliers $54,600. • The company paid suppliers $40,800 cash during July. Plant payroll during July…
Subject-account
Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Cost of direct materials used in production Direct labor Factory overhead: Maintenance salaries Indirect materials Supervisor salaries Heat, light, and power Insurance and property taxes-plant Depreciation-plant and equipment Total manufacturing costs incurred 000000