Vesbra Inc. has the following budgeted manufacturing overheads for the year, based on normal activity levels...
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Vesbra Inc. has the following budgeted manufacturing overheads for the year, based on normal activity levels Department Machining Assembly Finishing i ii. Vestra Inc. is asked to provide information, for JOB DLW420, in relation to the supply of a replacement motor for a standby generator at a factory located in Portmore. The motor will need to be passed through the machining department, the assembly department, and the finishing department. JOB DLW420 incurred the following cost. Material required will be: Direct labour required will be: 11. 111. Budgeted Overheads S 2 450 000 3 456 000 3 200 000 Iron 280 kg at $52.50 per kg Zine 195 kg at $36.80 per kg Copper 210 kg at $30.00 kg The profit margin is 25 % Machining department 80 hours at $450 per hour Assembly department 336 hours at $360 per hour Finishing department 184 hours at $280 per hour Overheads Absorption Base 10 000 machine hours 9 000 Labour hours 8 000 Labour hours A. Calculate the overhead absorption rate for each production department B. Prepare the job cost sheet for Vesbra Inc, C. Calculate the Quotation cost for the job (3 marks) (13 marks) (4 marks) Vesbra Inc. has the following budgeted manufacturing overheads for the year, based on normal activity levels Department Machining Assembly Finishing i ii. Vestra Inc. is asked to provide information, for JOB DLW420, in relation to the supply of a replacement motor for a standby generator at a factory located in Portmore. The motor will need to be passed through the machining department, the assembly department, and the finishing department. JOB DLW420 incurred the following cost. Material required will be: Direct labour required will be: 11. 111. Budgeted Overheads S 2 450 000 3 456 000 3 200 000 Iron 280 kg at $52.50 per kg Zine 195 kg at $36.80 per kg Copper 210 kg at $30.00 kg The profit margin is 25 % Machining department 80 hours at $450 per hour Assembly department 336 hours at $360 per hour Finishing department 184 hours at $280 per hour Overheads Absorption Base 10 000 machine hours 9 000 Labour hours 8 000 Labour hours A. Calculate the overhead absorption rate for each production department B. Prepare the job cost sheet for Vesbra Inc, C. Calculate the Quotation cost for the job (3 marks) (13 marks) (4 marks)
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Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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