answer straight away please thank you PVC Fabrications Ply Lid is developing departmental overhead rates based on direct labour hours for its two production departments, Assembly and Firshing The AssentyDepartment employs 25 people and the Finishing Department employs 75 people Each person in these two departments wons 1,920 hours per ye The productionetatadoverhead costs for the Assembly Department are budgeted at $288.000, and the Finishing Department costs are budgeted t S330.000. Two service departments Mairtenance andComputing, directly support the two production depertments. These service departments have budgeted costs of $54,000 and $240,000, respectively The production departmentoverhead rates cannot be detemined until the service departments costs are allocated. The following schedule refects the use of the Maintenance Departments and ComputingDepartment's output by the various departments.Using DepartmentServiceComputingMaintenanceAssemblyFinishingDepartmentMaintenance(maintenance hours)Computing (minutes)1,0002,0007,000200,000750,000250,000Required:Use the direct method to allocate service department costs. Calculate the overhead rates per direct labour hour for the Assembly Department and the FinishingDepartment Show all workings.

solution given Number of employees Hours per employee Total labor hours Assembly…

Fablcations Py Ltd is developing departmental overhead rates based on drect abour hours for its two production depatmets Asemtly and Fshg The Department employs 26 people and the Finishing Department employs 75 people Each person in these two deparments wos 120 hours per ye The product overhead costs for the Assembly Department are budgeted at $268.000, and the Finishing Department costs ae budgeted S30.000. Two servie depariments Computing, directly support the hwo production departments. These service departments have budgeled costs of $54,000 ard $240.000, respeively The productie overhead rates cannot be determined until the service departments costs are alocated. The folowing schedule reffects the use of the Maintenanoe bepartments Department's output by the varlous departments Using Department Service Computing Maintenance Assembly Finishing Department Maintenance Emaintenance hours) Computing (minutes) 1,000 2,000 7,000 200,000 750,000 250,000 quired:

Fablcations Py Ltd is developing departmental overhead rates based on drect abour hours for its two production depatmets Asemtly and Fshg The Department employs 26 people and the Finishing Department employs 75 people Each person in these two deparments wos 120 hours per ye The product overhead costs for the Assembly Department are budgeted at $268.000, and the Finishing Department costs ae budgeted S30.000. Two servie depariments Computing, directly support the hwo production departments. These service departments have budgeled costs of $54,000 ard $240.000, respeively The productie overhead rates cannot be determined until the service departments costs are alocated. The folowing schedule reffects the use of the Maintenanoe bepartments Department's output by the varlous departments Using Department Service Computing Maintenance Assembly Finishing Department Maintenance Emaintenance hours) Computing (minutes) 1,000 2,000 7,000 200,000 750,000 250,000 quired:

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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