Im Bhd has two production departments Im and Ran and two service departments, Stores and General Services. The company has budgeted the following costs for the forthcoming period. RM '000' Machine maintenance 100 Equipment depreciation 58 Plant insurance 58 Electricity 75 Canteen costs 24 Rent 50 Supervision 120 The following information is also available: Im Ran Stores General Floor area (Meter sq) 10,000 10,000 2,500 2,500 No. of Employees 40 20 10 10 Plant book value (RM) 100,000 100,000 25,000 25,000 Equipment depreciation per annum 40% 40% 10% 10% Machine hours 60,000 40,000 Direct material usage (RM) 200,000 300,000 Re-apportionment of services department into production departments is as to be follows: Im Ran Stores 60% 40% General 40% 60% Overheads are absorbed in both production departments on the basis of machine hours. Required: (a) Prepare an overhead analysis sheet for the period, using suitable basis of apportionment.
Im Bhd has two production departments Im and Ran and two service departments, Stores and General Services. The company has budgeted the following costs for the forthcoming period. RM '000' Machine maintenance 100 Equipment depreciation 58 Plant insurance 58 Electricity 75 Canteen costs 24 Rent 50 Supervision 120 The following information is also available: Im Ran Stores General Floor area (Meter sq) 10,000 10,000 2,500 2,500 No. of Employees 40 20 10 10 Plant book value (RM) 100,000 100,000 25,000 25,000 Equipment depreciation per annum 40% 40% 10% 10% Machine hours 60,000 40,000 Direct material usage (RM) 200,000 300,000 Re-apportionment of services department into production departments is as to be follows: Im Ran Stores 60% 40% General 40% 60% Overheads are absorbed in both production departments on the basis of machine hours. Required: (a) Prepare an overhead analysis sheet for the period, using suitable basis of apportionment.
Chapter1: Financial Statements And Business Decisions
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![Im Bhd has two production departments Im and Ran and two service departments, Stores and General
Services. The company has budgeted the following costs for the forthcoming period.
RM '000'
Machine maintenance
100
Equipment depreciation
58
Plant insurance
58
Electricity
75
Canteen costs
24
Rent
50
Supervision
120
The following information is also available:
Im
Ran
Stores
General
Floor area (Meter sq)
10,000
10,000
2,500
2,500
No. of Employees
40
20
10
10
Plant book value (RM)
100,000
100,000
25,000
25,000
Equipment depreciation per annum
40%
40%
10%
10%
Machine hours
60,000
40,000
Direct material usage (RM)
200,000
300,000
Re-apportionment of services department into production departments is as to be follows:
Im
Ran
Stores
60%
40%
General
40%
60%
Overheads are absorbed in both production departments on the basis of machine hours.
Required:
(a)
Prepare an overhead analysis sheet for the period, using suitable basis of apportionment.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51b9f553-a9fe-483d-8b6d-f355d83f0edd%2Fa3f76717-2642-4c33-87ff-ded6158d647b%2F7643moo_processed.png&w=3840&q=75)
Transcribed Image Text:Im Bhd has two production departments Im and Ran and two service departments, Stores and General
Services. The company has budgeted the following costs for the forthcoming period.
RM '000'
Machine maintenance
100
Equipment depreciation
58
Plant insurance
58
Electricity
75
Canteen costs
24
Rent
50
Supervision
120
The following information is also available:
Im
Ran
Stores
General
Floor area (Meter sq)
10,000
10,000
2,500
2,500
No. of Employees
40
20
10
10
Plant book value (RM)
100,000
100,000
25,000
25,000
Equipment depreciation per annum
40%
40%
10%
10%
Machine hours
60,000
40,000
Direct material usage (RM)
200,000
300,000
Re-apportionment of services department into production departments is as to be follows:
Im
Ran
Stores
60%
40%
General
40%
60%
Overheads are absorbed in both production departments on the basis of machine hours.
Required:
(a)
Prepare an overhead analysis sheet for the period, using suitable basis of apportionment.
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