XYZ. Manufacturing overheads: BWP Lighting & Heating 8 000 Administration employees 70 000 Employee accident insurance 1 200 Plant and Equipment Insurance 70 000 Plant and Equipment maintenance & repairs (minor) 20 000 Plant and Equipment maitenance & repairs (major) 200 000 Rent 25 000 department 1 department 2 department 3 area occupied sdm 1200 2300 3500 deppreciation 20000 40000 60000 no of employees 10 18 28 book value 250000 450000 700000 maintanance hours 18000 25000 43000 indirect materias 8000 12000 20000 indirect labour 10000 14000 24000 Required: a. Allocate the manufacturing overheads by departments

XYZ. Manufacturing overheads: BWP Lighting & Heating 8 000 Administration employees 70 000 Employee accident insurance 1 200 Plant and Equipment Insurance 70 000 Plant and Equipment maintenance & repairs (minor) 20 000 Plant and Equipment maitenance & repairs (major) 200 000 Rent 25 000 department 1 department 2 department 3 area occupied sdm 1200 2300 3500 deppreciation 20000 40000 60000 no of employees 10 18 28 book value 250000 450000 700000 maintanance hours 18000 25000 43000 indirect materias 8000 12000 20000 indirect labour 10000 14000 24000 Required: a. Allocate the manufacturing overheads by departments

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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The following information relates to company XYZ.Manufacturing overheads: BWPLighting & Heating 8 000Administration employees 70 000Employee accident insurance 1 200Plant and Equipment Insurance 70 000Plant and Equipment maintenance & repairs (minor) 20 000Plant and Equipment maitenance & repairs (major) 200 000Rent 25 000 Allocation by department Department A Department B TotalArea occupied (sqm2) 1 200 2300 3 500Depreciation 20 000 40 000 60…
Manufacturing Overhead Distribution Worksheet The following are selected operating data for the production and service departments of Bluestone Compa Departments Service Production Overhead costs (identified by department) $50.000 $1.032.000 $65,168 $2478.000 4.000 Indirect material S96.800 S164A00 Indirect labor $194400 $2.000 24.000 Square feet of building floor space used Assessed value of equipment used 9.600 14.400 $252.000 5420.000 264000 $.00 $126 000 176.000 Cubic yards of factory space used 400.600 102.400 Machine hours $40.000 s00.000 Direct labor O is allocated on the basis of square feet of floor space. Personal property taxes of $72,000 are allocated on the sbution worksheet for Bluestone Company similar to the one prepared for Exhibit 3-1s when appropriate Under the Allocation Basis column, select the basis used to calculate each alocation
Following are the overheads allocated to 3 production departments, P1, P2 & P3 and 2 service departments S1 & S2, in respect of ICL Engineering Works Ltd. P1 P2 P3 S1 S2 Allocated Oveheads 25000 20000 15000 5000 3000 Overheads of Service departments S1 & S2 are to be re-apportioned to production departments, P1, P2 & P3 in following ratios: P1 P2 P3 S1 S2 S1 40% 30% 20% ----- 10% S2 30% 40% 25% 5% ----- Required: 1. Apportion service dept. cost to production departments using Repeated Distribution Method. 2. Apportion service dept. cost to production departments using Simultaneous Equation Method
3 ences Complete the following (assume $90,000 of overhead to be distributed): Note: Round the "Ratio" to 2 decimal places. Mc Graw Hill Department A Department B Square Feet -- 10,000 30,000 Ratio < Prev Amount of Overhead Allocated 9 of 10 ⠀ JUL 30 W Next E 4 R *** 6 A 8
Overheads cost analysisRProduction 4 400 000Materials handling 1 000 000Set-up 1 050 000Quality control 1 900 000Materials procurement 400 000Cost driver analysisCost drivers Product A Product B TotalDirect labour hours 320 000 180 000 500 000Number of set-ups 420 280 700Materials movements 700 300 1 000Number of orders 1 300 700 2 000Number of inspections 1 140 760 1 900 Annual outputProduct A 200 000 unitsProduct B 100 000 units Use the information provided below to calculate the overhead cost per product using the followingcosting systems: Traditional Absorption Costing, using direct labour hours as the basis for allocation.…
The T-account showing the manufacturing overhead activity for Kenneth Corp. for 2018 is as follows: Manufacturing Overhead 210,000 196,000 Read the requirements. Requirement 1. What is the actual manufacturing overhead? Actual manufacturing overhead: S Requirement 2. What is the allocated manufacturing overhead? Allocated manufacturing overhead: S Requirement 3. Is manufacturing overhead underallocated or overallocated? By how much? Manufacturing overhead is by $
Leafon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine hours and the Customizing Department's predetermined overhead rate is based on direct labor hours. At the beginning of the current year, the company had made the following estimates: Customizing Casting Machine-hours (MH) 20,000 17,500 Direct labor-hours (DLH) 7,000 9,000 Total Fixed MOH ℗ 175,000 P 165,500 Variable MOH per MH P 2.50 Variable MOH per DLH P 9.00 During the current month, the company started and finished Job Leaf-118. The following data were recorded for this job: Job Leaf-118 Customizing Casting Machine-hours 500 700 Direct labor-hours 100 450 The TOTAL AMOUNT of Overhead Applied to Job Leaf-118 is closest to Note: For interim calculations, use 5 decimal places; ROUND-UP final answer to a whole number.
compute overhead applied and the under-or overapplication of overhead for the period: Estimated annual overhead cost OMR 3,000,000 Actual annual overhead cost OMR 2,970,000 Estimated machine hours 300,000 Actual machine hours 295,000 compute overhead applied and the under-or overapplication of overhead for the period: Select one: O a. OMR 3,000,000 applied and OMR 20,000 overapplied O b. None of the answers are correct O c. OMR 2,970,000 applied and neither under- nor overapplied O d. OMR 2,950,000 applied and OMR 20,000 overapplied O e. OMR 2,950,000 applied and OMR 20,000 underapplied ENG INTE
Eddie Company had the following data available:Direct materials purchased on account P74,000Direct materials requisitioned P41,000Direct-labor cost incurred P65,000Factory overhead incurred P77,000Factory overhead applied P85,000Work in process is increased by _____. a) P334,250 b) P191,000 c) P179,000 d) P139,000
The firm applies an overhead worth P100,000. The correct journal entry would be? P 100,000 Work-in-Process Accounts payable Manufacturing overhead Accounts payable Manufacturing overhead Work-in-process d. Work-in-process a. P100,000 b. P 100,000 P100,000 P 100,000 с. P 100,000 P 100,000 Manufacturing overhead P100,000
compute overhead applied and the under-or overapplication of overhead for the period: Estimated annual overhead cost OMR 3,000,000 Actual annual overhead cost OMR 2,970,000 Estimated machine hours 300,000 Actual machine hours 295,000 compute overhead applied and the under-or overapplication of overhead for the period:
compute overhead applied and the under-or overapplication of overhead for the period: Estimated annual overhead cost OMR 1,600,000 Actual annual overhead cost OMR 1,575,000 Estimated machine hours 400,000 Actual machine hours 390,000 compute overhead applied and the under-or overapplication of overhead for the period: Select one: a. OMR 1,600,000 applied and OMR 15,000 overapplied O b. OMR 1,560,000 applied and OMR 15,000 overapplied Oc OMR 1,560,000 applied and OMR 15,000 underapplied O d. None of the answers are correct e. OMR 1,575,000 applied and neither under-nor overapplied

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bartleby, a Learneo, Inc. business

	department 1	department 2	department 3
area occupied sdm	1200	2300	3500
deppreciation	20000	40000	60000
no of employees	10	18	28
book value	250000	450000	700000
maintanance hours	18000	25000	43000
indirect materias	8000	12000	20000
indirect labour	10000	14000	24000