Question 7 a. DDD Ltd is a family company that specializes in the production of metallic gates. All jobs must go through its three production departments, that is Assembling. Welding and Spraying. Data for the year ended 4th* June 2015 is provided below: Budgeted Information Overhead cost Machine Hours Direct Labour Hours Assembling Welding Spraying Machine hours: Assembling 82000 535 425 425 5250 The following information relates to JOB B145 for Carl Direct materials: From stores Bought-in Direct labour: 380 hours @ GHS7/hr 550 hours @ GHS6.5/hr 1200 hours @ GHS6/hr Welding 106250 8200 GHS 28,500 20,600 Spraying 82,000 8500 Assembling Welding Spraying Trials and testing cost of GHS6,400 is incurred on each job. It is company policy to make a margin of 35% of the profit on each job. Required: i) Calculate an appropriate overhead absorption rate for each department for the year ended 30 June, ii) Determine the total costs, for Job B145. iii) Determine the selling price for a unit of Job B145

Question 7 a. DDD Ltd is a family company that specializes in the production of metallic gates. All jobs must go through its three production departments, that is Assembling. Welding and Spraying. Data for the year ended 4th* June 2015 is provided below: Budgeted Information Overhead cost Machine Hours Direct Labour Hours Assembling Welding Spraying Machine hours: Assembling 82000 535 425 425 5250 The following information relates to JOB B145 for Carl Direct materials: From stores Bought-in Direct labour: 380 hours @ GHS7/hr 550 hours @ GHS6.5/hr 1200 hours @ GHS6/hr Welding 106250 8200 GHS 28,500 20,600 Spraying 82,000 8500 Assembling Welding Spraying Trials and testing cost of GHS6,400 is incurred on each job. It is company policy to make a margin of 35% of the profit on each job. Required: i) Calculate an appropriate overhead absorption rate for each department for the year ended 30 June, ii) Determine the total costs, for Job B145. iii) Determine the selling price for a unit of Job B145

Name: Question 7a. DDD Ltd is a family company that specializes in the prod
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Question 7a. DDD Ltd is a family company that specializes in the production of metallic gates. All jobs must gothrough its three production departments, that is Assembling. Welding and Spraying.Data for the year ended 4th* June 2015 is provided belo

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Problem
Please help me with show all calculation thanku
Please explain the answer
Please assist
C-Cubed has two manufacturing departments – Fabrication and Assembly. In its first month, it completed just one job. The following information is available for the company as a whole and for the job: Fabrication Assembly Estimated Total 4 6 Machine-Hours Used $10 per Machine-Hour $20 per Machine-Hour Estimated Total Manufacturing Overhead Per Machine-Hour Mountain Biker Job $75 $60 Direct Materials Direct Labor Actual Machine Hours Used Fabrication 3 Assembly 4 C-Cubed uses a plantwide predetermined overhead rate based on machine-hours. Compute the manufacturing overhead applied to the Mountain Biker Job. Multiple Choice $98 $160 $110 $112
Please I want to learn how to make these problems with a good explanation. One of those there is the possible answer. I need only question 16 Thank you
Problem #1. ABC Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine hours required to support estimated production 150,000 Manufacturing overhead costs ₱1,350,000 Required: 1.Compute the predetermined overhead rate. 2.During the year, Job 500 was started and completed. The following information was available with respect to this job: Direct materials requisitioned ₱350 Direct labor cost ₱230 Machine hours used 30 Compute the total manufacturing costs assigned to Job 500. 3.During the year the company worked a total of 147,000 machine-hours on all jobs and incurred actual manufacturing overhead costs of ₱1,325,000. What is the amount of underapplied or overapplied overhead for the year?
Please help me
Question 3: Sur Manufacturing is a small manufacturer that uses machine-hours as its activity base for assigned overhead costs to jobs. The company estimated the following amounts for 2015 for the company and for Job 50: Company OMR 60.000 OMR 25,000 OMR 72,000 90.000 Job 50 OMR 4,000 OMR 2.500 Direct materials Direct labor Manufacturing overhead costs Machine hours 1,350 During 2015, the actual machine-hours totaled 94,000, and actual overhead costs were OMR 71,000. Instructions (a) Compute the predetermined overhead rate. (b) Compute the manufacturing overhead applied. (c) Compute the total manufacturing costs for Job 50.
! Required information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Beginning of period $ 45,000 9,600 68,000 End of Period Inventories Raw materials Work in process Finished goods $ 45,000 19,000 33,500 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $ 178,000 250,000 9,000 57,500 115,500 Exercise 15-13 (Algo) Recording materials; direct and indirect LO P1, P3 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period. X Answer is not complete. No Transaction General Journal…
Problem 18: Predetermined Factory Overhead believes that the company would be better if it will use two factory overhead single factory overhead rate that is based on machine hours. Its manager Davao Corp. uses job order costing system to produce its products. It uses a rates, one based on material costs and the other one is based machine hours. The following data are for year 2020: Materials related Factory overhead Machine related Factory overhead Total Budgeted Factory overhead Costs of materials used on jobs Total Machine hours Data related to three jobs worked on in December follow: Material Costs Direct Labor Costs Machine Hours used Job # 1 168,000 128,000 68,000 Budgeted FOH 3,840,000 10,400,000 14,240,000 Job # 2 656,000 104,000 36,000 Job Order Costing 12,800,000 1,600,000 Job # 3 312,000 144,000 23,200 Actual factory overhead related to materials was P318,400 and actual factory overhead related to machine hours was P846,400. Required: 1. Determine the predetermine factory…
provide correct answer for this question