Question 1 Use the following information for Questions 1 a) and 1 b): a) At the beginning of the year, Juju Sdn. Bhd. estimated the following: Polis hing Department Total Firing Department RM RM RM 515,000 128,750 90,000 110,000 405,000 28,750 90,000 Overhead 100,000 Direct labour hours Kiln hours Refer to the information for Juju Sdn. Bhd. above. Juju uses departmental overhead rates. In the firing department, overhead is applied on the basis of kiln hours (number of hours spent in the gas-fired kiln). In the polishing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows: Firing Department Polishing Department Total RM RM RM Overhead 34,000 9,370 43,370 10,950 7,400 Direct labour hours 2,350 8,600 Kiln hours 7,400 Required: i) Calculate the predetermined overhead rates for the firing and polishing departments. ii) Calculate the overhead applied to production in each department for the month of June. iii) Identify whether overhead variance for each department has been overapplied or underannlied?

Question 1 Use the following information for Questions 1 a) and 1 b): a) At the beginning of the year, Juju Sdn. Bhd. estimated the following: Polis hing Department Total Firing Department RM RM RM 515,000 128,750 90,000 110,000 405,000 28,750 90,000 Overhead 100,000 Direct labour hours Kiln hours Refer to the information for Juju Sdn. Bhd. above. Juju uses departmental overhead rates. In the firing department, overhead is applied on the basis of kiln hours (number of hours spent in the gas-fired kiln). In the polishing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows: Firing Department Polishing Department Total RM RM RM Overhead 34,000 9,370 43,370 10,950 7,400 Direct labour hours 2,350 8,600 Kiln hours 7,400 Required: i) Calculate the predetermined overhead rates for the firing and polishing departments. ii) Calculate the overhead applied to production in each department for the month of June. iii) Identify whether overhead variance for each department has been overapplied or underannlied?

Name: Refer to the information in Question 1 for data. Now, assume that Juju
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Description: Refer to the information in Question 1 for data. Now, assume that Juju has decided to usea plantwide overhead rate based on the direct labor hours.Required:i) Calculate the predetermined plantwide overhead rate. (Note: Round to the nearest cent.)ii)

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

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Question 1 Use the following information for Questions 1 a) and 1 b): a) At the beginning of the year, Juju Sdn. Bhd. estimated the following: Firing Department Polishing Department Total RM RM RM Overhead 405,000 110,000 515,000 Direct labour hours 28,750 100,000 128,750 Kiln hours 90,000 90,000 Refer to the information for Juju Sdn. Bhd. above. Juju uses departmental overhead rates. In the firing department, overhead is applied on the basis of kiln hours (number of hours spent in the gas-fired kiln). In the polishing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows: Firing Department Polishing Department RM 9,370 Total RM RM 43,370 Overhead 34,000 Direct labour hours 2,350 8,600 10,950 Kiln hours 7,400 7,400 Question 2 a) Refer to the information in Question 1 for data. Now, assume that Juju has decided to use a plantwide overhead rate based on the direct labor hours. Required: i) Calculate the predetermined…
Question 1 Use the following information for Questions 1 a) and 1 b): a) At the beginning of the year, Juju Sdn. Bhd. estimated the following: Polishing Department Firing Department RM Total RM RM Overhead 405,000 110,000 515,000 Direct labour hours 28,750 100,000 128,750 Kiln hours 90,000 90,000 Refer to the information for Juju Sdn. Bhd. above. Juju uses departmental overhead rates. In the firing department, overhead is applied on the basis of kiln hours (number of hours spent in the gas-fired kiln). In the polishing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows: Firing Department Polishing Department Total RM RM RM 43,370 Overhead 34,000 9,370 Direct labour hours 2,350 8,600 10,950 Kiln hours 7,400 7,400 Required: i) Calculate the predetermined overhead rates for the firing and polishing departments. ii) Calculate the overhead applied to production in each department for the month of June. iii) Identify whether…
Question 1 Use the following information for Questions 1 a) and 1 b): a) At the beginning of the year, Juju Sdn. Bhd. estimated the following: Firing Department Polishing Department Total RM RM RM Overhead 405,000 110,000 515,000 Direct labour hours 28,750 100,000 128,750 Kiln hours 90,000 90,000 Refer to the information for Juju Sdn. Bhd. above. Juju uses departmental overhead rates. In the firing department, overhead is applied on the basis of kiln hours (number of hours spent in the gas-fired kiln). In the polishing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows: Firing Department RM Polishing Department RM Total RM Overhead 34,000 9,370 43,370 Direct labour hours 2,350 8,600 10,950 Kiln hours 7,400 7,400 a) Refer to the information in Question 1 for data. Now, assume that Juju has decided to use a plantwide overhead rate based on the direct labor hours. Required: i) Calculate the predetermined plantwide overhead…
QuestionQ# 1: Accounting for Manufacturing Concern The following data from the just completed year are taken from the accounting records of KentonCompany:Sales $ 975,000Direct labor cost $ 165,000Raw material purchases $ 229,000Selling expense $ 48,750Administrative expenses $ 146,250Manufacturing overhead applied to work in process $ 180,000Actual manufacturing overhead costs $ 175,050Inventories: Beginning EndingRaw materials $ 18,000 $ 17,500Work in process $ 20,000 $ 14,750Finished goods $ 9,000 $ 11,000Required:1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in productionwere direct materials.2. Prepare a schedule of cost of goods sold. Assume that the company’s underapplied or overappliedoverhead is closed to Cost of Goods Sold.3. Prepare an income statement
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