Following particulars have been extracted from the books of Reliable Co.: Further information regarding the operations is
Question:
Following particulars have been extracted from the books of Reliable Co.:
Further information regarding the operations is given below:
You are required to prepare an overhead analysis sheet for the departments of Reliable Co. for the year showing the basis for apportionment.
Transcribed Image Text:
Indirect materials Shop no. 1 Shop no. 2 Shop no. 3 Tool room Stores Factory office Indirect wages Shop no. 1 Shop no. 2 Shop no. 3 Tool Room Stores Factory office Factory rent Insurance Depreciation 10% Power Light and heat Total Rs. 12,000 18,000 6,000 3,600 4,800 1,800 12,600 17,600 16,000 11,100 4,500 6,600 Rs. 46,200 68,400 30,000 6,000 30,000 27,000 12,000 Rs. 2,19,600
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To prepare an overhead analysis sheet we must allocate the indirect expenses to the respective departments using an appropriate basis for apportionment The expenses can be allocated based on different ...View the full answer
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