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Calculate the total over or under applied overhead for year

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Reference no: EM132596493

Twane Ltd. supplied the following information:

Direct material: R220 000

Direct Labour: R120 000

Overheads: R120 000

Units manufactured: 5 000 units

Required:

Question 1: Determine the total manufacturing cost as well as the cost per unit.

You are provided with the following information for Shana Ltd.

Budgeted factory overheads for the year R140 000

Actual factory overheads for the year R155 000

Budgeted Labour hours for the year 70 000 hours

Actual labour hours for the year. 75 000 hours

Question 2: Calculate the total over or under applied overheads for the year and briefly explain what your answer mean in terms of overhead expenses for the year.

Reference no: EM132596493

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