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The information given below relates to the forthcoming period for a manufacturers'' operation. There are four cost centres for which two are involved in production and two are services. <br/> <br/> Production departments service departments <br/> total A B CANTEEN STORES <br/>Allocated 141000 43000 60000 17000 21000 <br/>other cost; <br/>Rent&rates 9000 <br/>building- <br/>insurance 7000 <br/>Electricity 14000 <br/>plant- <br/>depreciation 57000 <br/>plant- <br/>insurance 17000 <br/>TOTAL 245 000 <br/> <br/>Additional information <br/>Area occupied (sq.m) 15200 11400 3800 7600 <br/>plant at cost 3900 1800 - 300 <br/>number of employees 1200 600 60 200 <br/>machine hours 54400 1600 - - <br/>direct labour hours 13600 36000 - - <br/>no.of stores requisition 5600 700 700 - <br/> <br/>Required <br/> <br/>a. Prepare a schedule in which you apportion the overhead costs to production departments using repeated distribution method or algebraic method. The bases of apportioning canteen and stores overhead cost are number of employees and number of stores requisitions respectively. <br/> <br/>b. Calculate production overhead absorption rates for departments A and B using machine hours for department A and direct labour hours for department B <br/> <br/>
Carmel Dinner Club also provides matching contribution ($40) into the plan for Gorman. Calculate deduction for OASDI (based on 2012 4.2%) Calculate deduction for HI (based on 1.45%)
Calculate net income or loss for the year - Calculate net income At the beginning of the current fiscal year, the balance sheet of Hughey
Factory utilities of $2,200 are payable, prepaid factory insurance of $1,800 has expired, and depreciation on the factory building is $3,500. Prepare journal entries for each type of manufacturing cost.
Suppose 200,000 units are sold, but only 20,000 are deluxe. Compute the operating income. Compute the breakeven point if these relationships persist in the next period.
Prepare a statement of cash flows using the indirect method, compute these cash-based measures - current cash debt coverage ratio.
Messer Company had retained earnings at the beginning of the current year of $590,000. During the year, the following activities occurred - Prepare a statement of retained earnings for the year.
your final portfolio for the class will be to create a marketing plan for the company of your choice. you will need to
As the company accountant you must give the necessary information to support your recommendation to Board of Directors.
Set up the required T accounts below and show how this transaction would be recorded directly to those accounts
Process Costing: One Process and Two Time Periods-FIFO Costing Method - From the information in the process cost report, identify the amount that should be transferred out of the Work in Process Inventory account, and state where those dollars shou..
1. what is sales order processing system?2. what is data flow diagram? define.3. how might data flow diagram going to
Improvement in operating income arose due to changes in sales volume and how much arose for other reasons. Calculate variances that isolate the effects of price and usage changes in direct materials and direct manufacturing labor.
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