Wexford plc manufactures high quality wooden toys

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Reference no: EM13481503

Wexford plc manufactures highquality wooden toys. Production variesfrom long runs of popular models to short runs of specifically produced expensive toys. The factory is divided into five cost centres for analysis purposes:

Production: Cutting, Assembly, Finishing

Service: Design, Stores.

The company's system for dealing with budgeted factory overheads is as follows:

(i) Where possible budgeted overheads are allocated to the five cost centres above. Any costs which cannot be directly allocated to cost centres are allocated to an overall Factory costcentre and apportioned to the five cost centres according to floor area;

(ii) Budgeted stores overheads are apportioned to the other four cost centres according to the value of materials requisitions;

(iii) Budgeted design overheads are apportioned to the production cost centres in equal proportions;

(iv) Production overheads are charged to production runs on the basis of machine hours in each of the three production cost centres.

Budgeted data for the year ending 31 December 20x2.

Allocated Costs	Cutting	Assembly	Finishing	Design	Stores
Indirect Labour (£)	72,400	83,900	108,600	126,100	18,500
Indirect Materials (£)	1,850	780	12,640	4,650	600
Machine Costs (£)	64,000	56,400	48,900	63,400	2,900
Other Data
Floor Area m²	770	õ 1,310	1,080	480	360
Material Requisitions (£)	97,760	109,400	45,000	4,640	-
Material Requisitions (No.)	800	750

Reference no: EM13481503

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