QUESTION 2 The following cost data relate to the manufacturing activities of Badang Enterprise during the most recent year: Manufacturing overhead costs incurred during the year: Property taxes Factory utilities Indirect labour Depreciation: factory Insurance factory Other costs incurred during the year: Purchases of raw materials Direct labour cost Inventories: Begin raw materials Ending raw material Beginning work in process Ending work in process Begin finished goods Ending finished goods Additional Information: Indirect materials included in the manufacturing overhead incurred c) Compute the over under applied overhead RM 4) Prepare the schedule of cost of goods manufactured for the year 9,600 10,600 10,300 9,000 10,500 56,000 87,000 3,000 The company applies manufacturing overhead job using a predetermined overhead rate based on direct-labour hours. At the beginning of the year, the estimated total manufacturing overhead cost was RM80,000 and direct labour hour is 16,000 hours. It was found that the actual direct i labour hour is 11,000 hours Required: 28,000 29,000 16,000 14,000 42,000 54,000

QUESTION 2 The following cost data relate to the manufacturing activities of Badang Enterprise during the most recent year: Manufacturing overhead costs incurred during the year: Property taxes Factory utilities Indirect labour Depreciation: factory Insurance factory Other costs incurred during the year: Purchases of raw materials Direct labour cost Inventories: Begin raw materials Ending raw material Beginning work in process Ending work in process Begin finished goods Ending finished goods Additional Information: Indirect materials included in the manufacturing overhead incurred c) Compute the over under applied overhead RM 4) Prepare the schedule of cost of goods manufactured for the year 9,600 10,600 10,300 9,000 10,500 56,000 87,000 3,000 The company applies manufacturing overhead job using a predetermined overhead rate based on direct-labour hours. At the beginning of the year, the estimated total manufacturing overhead cost was RM80,000 and direct labour hour is 16,000 hours. It was found that the actual direct i labour hour is 11,000 hours Required: 28,000 29,000 16,000 14,000 42,000 54,000

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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