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Prod 1 Prod 2 Stores dept Maintenance dept Overhead costs $ 24,000 16,000 10,000 8,000 Cost of material requisitions 40,000 35,000-15,000 M'nance hours needed (hrs) 8,000 4, 500 1,500 Required: a) Use the repeated distribution method to apportion the overhead costs of the two service ceritres b) Ascertain the total overhead costs of the production departments c) Compare the overall cost of the production departments using the repeated distribution method and the traditional overhead absorption method, d) Comment on the benefits or drawbacks of using the   repeated distribution method of overhead absorption

Prod 1 Prod 2 Stores dept Maintenance dept Overhead costs $ 24,000 16,000 10,000 8,000 Cost of material requisitions 40,000 35,000-15,000 M'nance hours needed (hrs) 8,000 4, 500 1,500 Required: a) Use the repeated distribution method to apportion the overhead costs of the two service ceritres b) Ascertain the total overhead costs of the production departments c) Compare the overall cost of the production departments using the repeated distribution method and the traditional overhead absorption method, d) Comment on the benefits or drawbacks of using the   repeated distribution method of overhead absorption

FINANCIAL ACCOUNTING
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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Prod 1 Prod 2 Stores dept Maintenance dept Overhead costs $ 24,000 16,000 10,000 8,000 Cost of material requisitions 40,000 35,000-15,000 M'nance hours needed (hrs) 8,000 4, 500 1,500 Required: a) Use the repeated distribution method to apportion the overhead costs of the two service ceritres b) Ascertain the total overhead costs of the production departments c) Compare the overall cost of the production departments using the repeated distribution method and the traditional overhead absorption method, d) Comment on the benefits or drawbacks of using the

 

repeated distribution method of overhead absorption

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