Firing Department RM 405,000 Polishing Department Total RM RM Overhead 110,000 515,000 Direct labour hours 28,750 100,000 128,750 Kilh hours 90,000 90,000 Refer to the information for Juju Sdn. Bhd. above. Juju uses departmental overhead rates. In the firing department, overhead is applied on the basis of kiln hours (number of hours spent in the gas-fired kiln). In the polishing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows: Polishing De partment RM 9,370 Firing Department Total RM RM 43,370 Overhead 34,000 Direct labour hours 2,350 8,600 10,950 Kilh hours 7,400 7,400 Question 2 a) Refer to the information in Question 1 for data. Now, assume that Juju has decided to use a plantwide overhead rate based on the direct labor hours. Required: i) Calculate the predetermined plantwide overhead rate. (Note: Round to the nearest cent.) ii) Calculate the overhead applied to production for the month of Jun. iii) Calculate the overhead variance for the month of Jun.

Firing Department RM 405,000 Polishing Department Total RM RM Overhead 110,000 515,000 Direct labour hours 28,750 100,000 128,750 Kilh hours 90,000 90,000 Refer to the information for Juju Sdn. Bhd. above. Juju uses departmental overhead rates. In the firing department, overhead is applied on the basis of kiln hours (number of hours spent in the gas-fired kiln). In the polishing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows: Polishing De partment RM 9,370 Firing Department Total RM RM 43,370 Overhead 34,000 Direct labour hours 2,350 8,600 10,950 Kilh hours 7,400 7,400 Question 2 a) Refer to the information in Question 1 for data. Now, assume that Juju has decided to use a plantwide overhead rate based on the direct labor hours. Required: i) Calculate the predetermined plantwide overhead rate. (Note: Round to the nearest cent.) ii) Calculate the overhead applied to production for the month of Jun. iii) Calculate the overhead variance for the month of Jun.

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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