Ceria Sdn Bhd manufactures furniture for local market. The company has three departments which involved in...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Ceria Sdn Bhd manufactures furniture for local market. The company has three departments which involved in the production processes and two service departments. The following information relates to the operation of the company for the first quarter of 2021: Overhead cost Total (RM) Production Department Service Department Cutting (RM) Finishing (RM) Packaging Store Maintenance (RM) (RM) (RM) Allocated 38,300 13,400 11,490 9,570 0 3,840 Rent and rates 36,000 Administration 12,000 and personnel expenses Utilities 11,200 Depreciation of 28,000 machine Other information related to the overhead cost is as follows: Cutting Finishing Packaging Store Maintenance Area occupied (sq. feet) 6,400 3,200 3,200 1,600 1,600 Machine value (RM) 76,500 23,500 - - Number of employees 60 30 18 6 6 Maintenance hours 60 45 30 15 - Number of material 50 20 20 10 requisition Direct labour hours 2,500 1,500 3,000 Machine hours 7,000 3,000 The Cutting and Finishing Department use machine hours while Packaging Department uses direct labour hours. The company uses repeated distribution method. Required: a. b. Prepare the overhead analysis sheet which clearly shows the basis of apportionment. (Round up your answer to the nearest RM) Calculate the overhead absorption rate for each of the production department. (State your answers to two decimal places) Ceria Sdn Bhd manufactures furniture for local market. The company has three departments which involved in the production processes and two service departments. The following information relates to the operation of the company for the first quarter of 2021: Overhead cost Total (RM) Production Department Service Department Cutting (RM) Finishing (RM) Packaging Store Maintenance (RM) (RM) (RM) Allocated 38,300 13,400 11,490 9,570 0 3,840 Rent and rates 36,000 Administration 12,000 and personnel expenses Utilities 11,200 Depreciation of 28,000 machine Other information related to the overhead cost is as follows: Cutting Finishing Packaging Store Maintenance Area occupied (sq. feet) 6,400 3,200 3,200 1,600 1,600 Machine value (RM) 76,500 23,500 - - Number of employees 60 30 18 6 6 Maintenance hours 60 45 30 15 - Number of material 50 20 20 10 requisition Direct labour hours 2,500 1,500 3,000 Machine hours 7,000 3,000 The Cutting and Finishing Department use machine hours while Packaging Department uses direct labour hours. The company uses repeated distribution method. Required: a. b. Prepare the overhead analysis sheet which clearly shows the basis of apportionment. (Round up your answer to the nearest RM) Calculate the overhead absorption rate for each of the production department. (State your answers to two decimal places)
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Convert to logic circuit; or logic formula; or loopless finite automaton; or lookup table, explaining your construction: 2. 1. 3. b a xor b 0 0 1 1 0 1 1 0 6. q^(-q vp) a 0 0 1 4. O X1 0 0 1 1 x2 0 1...
-
Old Office Building Karas Investments owns a small office building in Windhoek, from which the company operates. The Windhoek office was purchased on 1 March 2019. Karas Investments decided to move...
-
Select the necessary words from the list of possibilities to complete the following statements. Statements 1. The of SEC registrants selects the company's audit firm. 2. The auditors must assess the...
-
Obtain from your library or your instructor a copy of the following article: Thomas L. Barton and John B. MacArthur, "The New Hue of Green for the Management Accountant," Strategic Finance (March...
-
A cube 5.0 cm on each side is made of a metal alloy. After you drill a cylindrical hole 2.0 cm in diameter all the way through and perpendicular to one face, you find that the cube weighs 7.50 N. (a)...
-
The autocorrelation function of a random process \(x(t)\) is given by \[R_{x}(\tau)=20+\frac{5}{1+3 \tau^{2}}\] Find the mean square value of \(x(t)\).
-
1. Where do you stand? Do you think EU subsidies and soft loans to Airbus are fair? Why or why not? What advantages does Airbus gain from free financial support from the EU governments? Are...
-
Part 1: Explain what fact analysis is and why it is important to an investigator Part 2 : Explain why an investigator should not rely on a physician's estimate of the time of death of a victim or the...
-
When are you taxed on your money if you put your money into a Roth IRA? How is this different from if you put your money into a 401(k)? https://www.youtube.com/watch?v=Z3I8TPYn4Z0 ?
-
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. The tort of negligence is a form of carelessness.
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. A deliberate material alteration of a contract that affects the rights or obligations of...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Executives at all levels of government are elected by the voters.
-
State courts that have original jurisdiction for cases not otherwise directed to a specialized court are: a. trial courts c. district courts b. circuit courts of appeals Write the letter of your c...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Death or disabling illness of a party to a contract terminates the contract if such...
-
Appeals Court Justice Ralph Adam Whine is concerned that plea bargains are permitted in too many criminal cases. He suspects that the local District Attorney, Susan Blessner, is accepting more plea...
-
As indicated by mutual fund flows, investors tend to beat the market seek safety invest in last year's winner invest in last years loser
-
A foundry employee worked a normal 40- hour shift, but four hours were idle due to a small fire in the plant. The employee earns $18 per hour. Required 1. Calculate the employees total compensation...
-
Rocky Mountain Camping Equipment, Inc. has established the following direct-material standards for its two products. During March, the company purchased 2,100 yards of tent fabric for its standard...
-
How does the variable cost per unit change as the level of activity (or cost driver) increases? Why?
-
What is a computer service center? Are the auditors of a client that uses a service center concerned about the controls applied at the organization? Explain.
-
What is a dual-purpose test?
-
If you were preparing a credit sales system flowchart, what document would you show as: a. The source for posting debits to a customers account in the accounts receivable ledger? b. Authorization to...
Study smarter with the SolutionInn App