Question 3 Use the following information for Question 3 a) and 3 b): a) At the beginning of the year, Jerry Sdn. Bhd. estimated the following: Firing Department Polishing Department Total RM 110,000 100,000 RM 515,000 RM Overhead 405,000 Direct labor hours Kiln hours 28,750 90,000 128,750 90,000 Refer to the information for Jerry Sdn. Bhd. above. Jerry 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 July are as follows: Firing Department Polishing Department Total RM 43,370 10,950 7,400 RM RM 9,370 8,600 Overhead 34,000 Direct labor hours Kiln hours 2,350 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 July. iii) By how much has each department's overhead been overapplied? Underapplied? b) At the beginning of the year, Selasih Sdn. Bhd. estimated the following: Machining Department Assembly Department Total RM 240,000 RM 360,000 240,000 RM 600,000 375,000 200,000 Overhead Direct labor hours Machine hours 135,000 200,000 Selasih uses departmental overhead rates. In the machining department, overhead is applied on the basis of machine hours. In the assembly department, overhead is applied on the basis of direct labor hours, Actual data for the month of June are as follows: Machining Department Assembly Department Total RM 22,500 RM 30,750 20,000 RM Overhead Direct labor hours Machine hours 11,000 17,000 53,250 31,000 17,000 0. Required: i) Calculate the predetermined overhead rates for the machining and assembly departments. ii) Calculate the overhead applied to production in each department for the month of June. i) By how much has each department's overhead been overapplied? Underapplied?
Question 3 Use the following information for Question 3 a) and 3 b): a) At the beginning of the year, Jerry Sdn. Bhd. estimated the following: Firing Department Polishing Department Total RM 110,000 100,000 RM 515,000 RM Overhead 405,000 Direct labor hours Kiln hours 28,750 90,000 128,750 90,000 Refer to the information for Jerry Sdn. Bhd. above. Jerry 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 July are as follows: Firing Department Polishing Department Total RM 43,370 10,950 7,400 RM RM 9,370 8,600 Overhead 34,000 Direct labor hours Kiln hours 2,350 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 July. iii) By how much has each department's overhead been overapplied? Underapplied? b) At the beginning of the year, Selasih Sdn. Bhd. estimated the following: Machining Department Assembly Department Total RM 240,000 RM 360,000 240,000 RM 600,000 375,000 200,000 Overhead Direct labor hours Machine hours 135,000 200,000 Selasih uses departmental overhead rates. In the machining department, overhead is applied on the basis of machine hours. In the assembly department, overhead is applied on the basis of direct labor hours, Actual data for the month of June are as follows: Machining Department Assembly Department Total RM 22,500 RM 30,750 20,000 RM Overhead Direct labor hours Machine hours 11,000 17,000 53,250 31,000 17,000 0. Required: i) Calculate the predetermined overhead rates for the machining and assembly departments. ii) Calculate the overhead applied to production in each department for the month of June. i) By how much has each department's overhead been overapplied? Underapplied?
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 10.9E: Recording issuing of materials Materials issued for the current month are as follows a. Determine...
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