Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
XYZ Municipality purifies water before it enters the reticulation network. There are presently 3 purification processes available to the municipality. These processes sre referred to as A, B and C. Budgeted costs and purification information for the coming period is as follows:
Service
A
B
C
(all per 1,000 kiloliters)
Costs
Direct materials
R 120
R 100
R 60
Direct labour
R 42
R 28
Equipment hours
6hrs
4hrs
Labour hours
0.1hr
0.02hrs
Output in 1,000 kl
1,200
1,000
800
They are usually produced in production runs of 10,000 kl and distributed to consumers in batches of 5,000 kl. The municipality uses a cost plus 20% mark-up in order to measure prices. Budgeted purification fixed overhead is absorbed using equipment hour rate, and budgeted overhead for the coming period has been analyzed as follows:
Rent, supervision, power and depreciation
R 260,000
Set-up costs
R 150,000
Goods (chemicals) inwards
R 96,000
Quality inspection
R 52,500
Reticulation
R 97,500
Total
R 656,000
Budgeted equipment hours for the period is 16,400 hours
Required:
(i) Measure the budgeted total cost per 1,000 kl for every process, showing clearly the prime
cost, overhead cost and total cost.
(ii) Using your total cost estimates from (a) (i) and a mark-up of 20% on cost, measure the
budgeted price per 1,000 kl of every of the 3 processes.
Q. What is Contractor Ledger? Accounts relating to contractors should be kept as personal accounts in contractor's ledger and a separate folio should be opened in the Contracto
Suppose that the annual rate of interest is 4%. (a) What is the monthly rate? (b) Consider a 3-year lease on a car that is worth $20,000 today. The first payment on the lease
A company does not need to record the receipt of a bill for utilities used during this year if they will not pay for it until next year. True or False
RECEIVERSHIPS: APPOINTMENT OF RECEIVER If a company defaults in payment of principal or interest, or otherwise defaults in observing the conditions contained in debentures issu
An investment has a 92% chance of making a profit of $10 million, a 1.5% chance of losing $4 million, a 3% of losing $6 million, and a 3.5% chance of losing $16 million. A) W
Application Information The application must include information as to: The full name of the deceased; The death and place of his death; Whether or not the decease
For this problem we will be working with the Ericksen data set for describing the percentage of the population not counted in the US Census from 1980. In this data set we have diff
2000
Determine the LIFO cost Toys "R" Us purchases inventory in crates of merchandise; each unit of inventory is a crate of toys. The fiscal year of Toys "R" Us ends each January 31
what does this term mean?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd