b)The New Enterprises Ltd. has three producing departments A, B and C two serviceDepartments D and E. The following figures are extracted from the records of the Co.5,0006001,5001,50010,00010,000Rent and RatesGeneral LightingIndirect WagesPowerDepreciation on MachinerySundriesThe following further details are available:ABCEFloor Space (Sq.Mts.)2,0002,5003,0002,000500Light PointsDirect Wages1015201053,0002,0003,0001,500500H.P. of machines60305010Working hours6,2264,0284,066Value of Material60,00080,0001,00,000--Value of Assets120,000 1,60,0002,00,00010,00010,000The expenses of D and E are allocated as follows:ABCD20%30%40%E40%20%30%REQIRED:Estimate the overhead analysis sheet to show the total production overheads for MachineShop A, B and C.

Overheads Basis of Allocation Rent & Rates Floor Space General Lighting Light Points…

The New Enterprises Ltd. has three producing departments A, B and C two service Departments D and E. The following figures are extracted from the records of the Co. Rent and Rates General Lighting Indirect Wages Power Depreciation on Machinery Sundries 5,000 600 1,500 1,500 10,000 10,000 The following further details are available: А B C D E Floor Space (Sq.Mts.) 2,000 2,500 3,000 2,000 500 Light Points 10 15 20 10 Direct Wages 3,000 2,000 3,000 1,500 500 H.P. of machines 60 30 50 10 Working hours 6,226 4,028 4,066 Value of Material 60,000 80,000 1,00,000 Value of Assets 120,000 1,60,000 2,00,000 10,000 10,000 The expenses of D and E are allocated as follows: А B D 20% 30% 40% E 40% 20% 30% REQIRED: Estimate the overhead analysis sheet to show the total production overheads for Machine Shop A, B and C.

The New Enterprises Ltd. has three producing departments A, B and C two service Departments D and E. The following figures are extracted from the records of the Co. Rent and Rates General Lighting Indirect Wages Power Depreciation on Machinery Sundries 5,000 600 1,500 1,500 10,000 10,000 The following further details are available: А B C D E Floor Space (Sq.Mts.) 2,000 2,500 3,000 2,000 500 Light Points 10 15 20 10 Direct Wages 3,000 2,000 3,000 1,500 500 H.P. of machines 60 30 50 10 Working hours 6,226 4,028 4,066 Value of Material 60,000 80,000 1,00,000 Value of Assets 120,000 1,60,000 2,00,000 10,000 10,000 The expenses of D and E are allocated as follows: А B D 20% 30% 40% E 40% 20% 30% REQIRED: Estimate the overhead analysis sheet to show the total production overheads for Machine Shop A, B and C.

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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