prepare the manufacturing overhead of second quarter when the direct labour of April, may and June are 27625, 28875, and 30375 respectively. Labour requires 15 minutes per unit for completion and is paid at an average rate of $10 per hour. Manufacturing Overhead Indirect materials $0.40 per labour hour Indirect labour $0.60 per labour hour Utilities $0.50 per labour hour Maintenance $0.30 per labour hour Salaries $44,200 per month Depreciation $15,000 per month Property taxes $2,150 per month Insurance $1,200 per month Janitorial $2,500 per month

Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.

Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing …

Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In compari…