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1. XYZ LTD. has three production departmenst and two service dapertments. The estimated figures for a certain period are as follows: Lighting & Electricity Rent, rates and taxes Power Wages of store staff Depreciation of machinery Insurance premium Further Details Allocation bases Wattage Floor area (sq feet) Horse power of machine Capital value of machine (") Capital value of fixed assets (") No. Of employees Value of materials used (") 11 20.000 100.000 10.000 20.000 30.000 20.000 200.000 Production Departmenst Service Departments STORE 2 1.000 5.000 X Y Z S1 5.000 2.000 1.000 1.000 20.000 10.000 1.000 1.200 10.000 5.000 800 2.000 100.000 80.000 60.000 40.000 20.000 120.000 100.000 80.000 60.000 40.000 120 80 66 12.000 10.000 8.000 6.000 You are required to apportion the cost to production-cost centres using the step method s1: NUMBER OF WORKERS S2: Materials used

1. XYZ LTD. has three production departmenst and two service dapertments. The estimated figures for a certain period are as follows: Lighting & Electricity Rent, rates and taxes Power Wages of store staff Depreciation of machinery Insurance premium Further Details Allocation bases Wattage Floor area (sq feet) Horse power of machine Capital value of machine (") Capital value of fixed assets (") No. Of employees Value of materials used (") 11 20.000 100.000 10.000 20.000 30.000 20.000 200.000 Production Departmenst Service Departments STORE 2 1.000 5.000 X Y Z S1 5.000 2.000 1.000 1.000 20.000 10.000 1.000 1.200 10.000 5.000 800 2.000 100.000 80.000 60.000 40.000 20.000 120.000 100.000 80.000 60.000 40.000 120 80 66 12.000 10.000 8.000 6.000 You are required to apportion the cost to production-cost centres using the step method s1: NUMBER OF WORKERS S2: Materials used

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. XYZ LTD. has three production departmenst and two service dapertments. The estimated figures for a certain period are as follows: Lighting & Electricity Rent, rates and taxes Power Wages of store staff Depreciation of machinery Insurance premium Further Details Allocation bases Wattage Floor area (sq feet) Horse power of machine Capital value of machine (") Capital value of fixed assets (") No. Of employees Value of materials used (") "1 20.000 100.000 10.000 20.000 30.000 20.000 200.000 Production Departmenst Service Departments Y Z S1 2.000 1.000 1.000 10.000 10.000 5.000 1.000 1.200 800 80.000 60.000 40.000 X 5.000 20.000 2.000 100.000 120.000 100.000 120 12.000 STORE 2 1.000 5.000 20.000 80.000 60.000 40.000 66 80 10.000 8.000 6.000 You are required to apportion the cost to production-cost centres using the step method s1: NUMBER OF WORKERS S2: Materials used
Transcribed Image Text:1. XYZ LTD. has three production departmenst and two service dapertments. The estimated figures for a certain period are as follows: Lighting & Electricity Rent, rates and taxes Power Wages of store staff Depreciation of machinery Insurance premium Further Details Allocation bases Wattage Floor area (sq feet) Horse power of machine Capital value of machine (") Capital value of fixed assets (") No. Of employees Value of materials used (") "1 20.000 100.000 10.000 20.000 30.000 20.000 200.000 Production Departmenst Service Departments Y Z S1 2.000 1.000 1.000 10.000 10.000 5.000 1.000 1.200 800 80.000 60.000 40.000 X 5.000 20.000 2.000 100.000 120.000 100.000 120 12.000 STORE 2 1.000 5.000 20.000 80.000 60.000 40.000 66 80 10.000 8.000 6.000 You are required to apportion the cost to production-cost centres using the step method s1: NUMBER OF WORKERS S2: Materials used
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