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!
Aristo Ltd uses a system of absorption costing. The product passes through a machining department and an assembly department before it is completed. The assembly department is labour intensive and machining department is capital intensive;.
The company's cost accountant has calculated the following overhead costs for the financial year ended 31 May 2010.
Rs
Electricity :
Power
62,000
Heating and lighting
14,000
Supervisory wages
54,000
Rent and rates
21,000
Insurance :
Machinery
16,740
Premises
7,000
Depreciation of machinery
41,850
The given information should be used to evaluate the appropriate basis of apportionment for the year.
Production Departments
Service Departments
Machining
Assembly
Maintenance
Canteen
Cost of machinery
Rs 810,000
Rs 27,000
Machine hours
30000
6000
Power (kilowatt hours)
75000
25000
Direct labour hours
35000
105000
Number of employees
20
60
5
Floor area (square metres)
11000
8000
200
800
The proportion of work done by the service departments is estimated to be:
%
65
25
10
75
It is the company policy to apportion the maintenance department's costs between the other three departments to remove those costs before apportioning the canteen costs between the production departments.
Required:
a) Create a statement to show the total production overheads for each production department, showing the basis of apportionment selected.
b) Determine an overhead absorption rate for each production department, using the most suitable basis of absorption.
c) What is activity Based Costing and how does it differ from traditional absorption costing?
d) Describe four differences between financial and management accounting.
Construct the Market Value Balance Sheet XYZ, Inc., another company founded by Larry Davidson in 2005, is currently entirely equity financed. That means the company carries no
PC Bank has $100,000 in fixed rate loans paying an annual interest rate of 10 percent, payable semiannually. PC Bank also has $100,000 in certificates of deposit. Their depositor
how to do the calsulations for bad debts
Ask qCamp Corp had the following balances in its stockholders'''' equity at jan 1: Common stock, $2, par value, 450,000 shares issued $900,000 Additional pd in capial 1,200,000 Ret
Select a publicly traded company for which an Accounting and Auditing Enforcement Release (AAER) was published on the U.S. Securities and Exchange Commission (SEC) website at http
In the spring of each year, Steinbrook College's theater department puts on a contemporary play. Before the performance, the theater manager instructs student volunteers in their d
I want to do research on investment property which research topics are appropriate
Question 1 The following information should be used for questions #1 through #7: Jersies, Inc financial statement data. 2009 2010
Q. What is Stock Split? Stock Split - Increase in number of shares of a company's COMMON STOCK outstanding that result from the issuance of additional shares proportionally to
At one time, Circle K was the second-largest convenience store chain in the United States. At its peak, Circle K operated 4,685 stores in 32 states. Circle K's rapid expansion was
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd