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!
(a) Describe briefly how the following are used in the accounting for labour:
(i) time sheets
(ii) job cards.
(b) The following details relate to the labour in a production cost centre for a period:
Direct personnel
Indirect personnel
Hourly rates of pay:
Basic
$10·00
$7·00
Overtime
$13·00
$9·10
Payroll hours:
Productive
310
118
Idle
18
4
Total
328
122
Additional information:
1. The basic rates of pay apply to a normal working week of 38 hours
2. There are eight direct personnel and three indirect personnel in the cost centre
3. Overtime is worked from time to time to meet the general requirements of production
4. Idle time is regarded as normal.
Required:
Calculate the total amounts:
(i) Paid to the direct personnel and the indirect personnel respectively;
Charged as direct wages to work-in-progress and indirect wages to overheads respectively (show clearly the make-up of the indirect charge).
explain one operation: unit or output cost
The Gladys Corporation buys office equipment costing $426,000 on May 12, 2013. In 2015, new and improved models of the equipment make it obsolete, and Gladys sells the old equipme
Q. Given the below information, what is the dollar amount that the LIFO liquidation added to gross margin? Number of Units Price per Unit
One month before she died on April 14, 2002, Barbara Gent (Amy's aunt) gave Amy a coin collection. Based on careful records that Barbara kept, the collection had a cost basis of $9
Definitions of manufacturing concepts Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended: Materials and supplies used
how does cost accounting differ from management accounting
Sam Edwards has been the accounting manager for Jade Manufacturing in a highly competitive international market for ten years. Jade Manufacturing produces heavy equipment for two m
The Zooline Company (Pty) Ltd is an American based company that focuses on the LSM 8 -10 markets. They do vehicle interiors, raise or lower suspensions and install top end sound sy
Importance of Cost Classification Analysis of cost behaviour is significant to all organizations for effective management. It is since many organizations have a unique cost st
Standard Cost and Standard Costing To effectively control the costs of a certain organization, we require a yard stick to measure the real performance against. Traditionally,
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