need true help with all working and steps answer in text please provide correct and complete solution A company has 3 Production Departments A, B and C and 2 Service Departments X andY. The following information is available regarding various expenses:PowerRentCanteenInsuranceDepreciationPersonnel DepartmentMaintenance of AssetsThe following additional information is also given:ItemsProduction DepartmentA B4004002,0009050C3002,20012060Rs. 2,400Rs. 4,200Rs. 3,000Rs. 2,200Rs. 20,0008003040Rs. 4,000Rs. 2,400Area (sq. metres)Kilowatt hoursNumber of workersCapital value of assets (in*000 of Rs.)Direct material cost (Rs.)5,000 3,000 2,0001,0001,000The expenses of department X and Y will be apportioned among production departmentsin the ratio of 5:3:2 and 20%, 30% and 50% respectively. Prepare Overheads DistributionSummary.Service DepartmentX200Y10075040302502020

Overhead : Indirect costs incurred while producing goods or services. Overhead costs cannot be…

Y. The following information is available regarding various expenses: Power Rent Canteen Insurance Depreciation Personnel Department Maintenance of Assets The following additional information is also given: Items Production Department A 400 2,000 90 50 B 400 C 300 800 2,200 120 60 Rs. 2,400 Rs. 4,200 Rs. 3,000 30 40 Rs. 2,200 Rs. 20,000 Rs. 4,000 Rs. 2,400 Service Department X 200 750 40 30 Area (sq. metres) Kilowatt hours Number of workers Capital value of assets (in '000 of Rs.) Direct material cost (Rs.) 5,000 3,000 2,000 1,000 1,000 The expenses of department X and Y will be apportioned among production departments in the ratio of 5:3:2 and 20%, 30% and 50% respectively. Prepare Overheads Distribution Summary. Y 100 250 20 20

Y. The following information is available regarding various expenses: Power Rent Canteen Insurance Depreciation Personnel Department Maintenance of Assets The following additional information is also given: Items Production Department A 400 2,000 90 50 B 400 C 300 800 2,200 120 60 Rs. 2,400 Rs. 4,200 Rs. 3,000 30 40 Rs. 2,200 Rs. 20,000 Rs. 4,000 Rs. 2,400 Service Department X 200 750 40 30 Area (sq. metres) Kilowatt hours Number of workers Capital value of assets (in '000 of Rs.) Direct material cost (Rs.) 5,000 3,000 2,000 1,000 1,000 The expenses of department X and Y will be apportioned among production departments in the ratio of 5:3:2 and 20%, 30% and 50% respectively. Prepare Overheads Distribution Summary. Y 100 250 20 20

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 41E

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