Cassius Ltd has the following actual and budgeted data for 2015. Budget 10,000 units Actual Production...
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Cassius Ltd has the following actual and budgeted data for 2015. Budget 10,000 units Actual Production Variable production overhead per unit 12,000 units ÉS ES Fixed production overheads Sales ES00,000 7,500 E624,000 10,000 Overheads are absorbed using a rate per unit, based on budgeted production and expenditure. Required: (a) Calculate the total production overheads absorbed during 2015. (3) (b) Identify the total production overheads over or under absorbed during 2015. (3] Question 2: Question A1 A company manufactures two products, P and Q within a two-production centre factory. The production centres are Cutting and Moulding. The following budget information is available: Cutting £198,000 Moulding E160,000 Allocated and apportioned fixed overhead costs Direct labour minutes per unit: Product P - Product Q 30 45 24 42 Budgeted production is 12,000 units of P and 16,000 units of Q. Fixed costs are absorbed on a direct labour hour basis. (a) Required: (1) Calculate the foxed overhead cost absorption rate for each department. [6) (i) Calculate the fxed overhead cost per unit for product P. [2) Cassius Ltd has the following actual and budgeted data for 2015. Budget 10,000 units Actual Production Variable production overhead per unit 12,000 units ÉS ES Fixed production overheads Sales ES00,000 7,500 E624,000 10,000 Overheads are absorbed using a rate per unit, based on budgeted production and expenditure. Required: (a) Calculate the total production overheads absorbed during 2015. (3) (b) Identify the total production overheads over or under absorbed during 2015. (3] Question 2: Question A1 A company manufactures two products, P and Q within a two-production centre factory. The production centres are Cutting and Moulding. The following budget information is available: Cutting £198,000 Moulding E160,000 Allocated and apportioned fixed overhead costs Direct labour minutes per unit: Product P - Product Q 30 45 24 42 Budgeted production is 12,000 units of P and 16,000 units of Q. Fixed costs are absorbed on a direct labour hour basis. (a) Required: (1) Calculate the foxed overhead cost absorption rate for each department. [6) (i) Calculate the fxed overhead cost per unit for product P. [2)
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For cutting department Estimated labour hours 12000 x 3060 16000 x 4560 180... View the full answer
Related Book For
Managing Supply Chain and Operations An Integrative Approach
ISBN: 978-0132832403
1st edition
Authors: Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W Webb
Posted Date:
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