QUESTION 2Appiah and Co. Ltd is a medium size company that have expertise in the manufacturing ofburglar proof doors for customers. It has three production departments through which all jobs areprocessed, namely, Assembling, Welding and Finishing departments. The following data relatesto the year ended 31st December, 2021:Budgeted Data:FinishingWelding118,800Assembling84,424Overheads (GH)89,320Direct labour hours15,400Machine hours6,9207,200Job FAA01 was undertaken during the last month of the year recording the following:Direct materials costGH¢ 38,000Direct labour:Assembling460 hours @ GH¢9/hrWelding550 hours @ GH¢9/hrFinishing1350hours @ GH¢8/hrTrial and testing cost of GH¢7,500 is incurred on each job.Production overheads (hours):Assembling 445Welding540Finishing1350It is company policy to make a mark-up of 50% of profit on each job.Required:i) Compute the relevant overhead absorption rate for each department for the year ended 31stDecember, 2021.ii) Determine the total cost and selling price of Job FAA01.manufacturing business which has the following quarterly

Overhead absorption rate=Total overhead/Total Overhead allocation base Total cost=Direct material+…

QUESTION 2 Appiah and Co. Ltd is a medium burglar proof doors for customers processed, namely, Assembling, V to the year ended 31st December, Budgeted Data: Overheads (GH) Direct labour hours Machine hours Job FAA01 was undertaken durin Direct materials cost Direct labour: Assembling 460 hours @ GHes Welding 550 hours @ GHe Finishing 1350hours @ GHe Trial and testing cost of GH¢7,5 Production overheads (hours): Assembling 445 Welding 540 Finishing 1350 It is company policy to make a ma Required: i) Compute the relevant overhead December, 2021. ii) Determine the total cost and se

QUESTION 2 Appiah and Co. Ltd is a medium burglar proof doors for customers processed, namely, Assembling, V to the year ended 31st December, Budgeted Data: Overheads (GH) Direct labour hours Machine hours Job FAA01 was undertaken durin Direct materials cost Direct labour: Assembling 460 hours @ GHes Welding 550 hours @ GHe Finishing 1350hours @ GHe Trial and testing cost of GH¢7,5 Production overheads (hours): Assembling 445 Welding 540 Finishing 1350 It is company policy to make a ma Required: i) Compute the relevant overhead December, 2021. ii) Determine the total cost and se

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 14.1.1P: Budget performance report for a cost center Sneed Industries Company sells vehicle parts to...

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QUESTION 1 Sydney Co is preparing its production overhead budgets. Cost Centre Expenses and related information have been budgeted as follows: Required: Calculate the overheads to be apportioned to the four cost centres.
Vaibhav Subject - Accounting
5
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