Thespa plc manufactures two products: matons and cratons. The company has the following cost pools and has
Question:
Thespa plc manufactures two products: matons and cratons.
The company has the following cost pools and has established that the cost drivers within each cost pool are as shown.
During November 2014 the company's production was:
Calculate the total overheads which should be allocated to cratons and matons.
Transcribed Image Text:
Cost Cost driver Overhead Information pool cost per month about each product Transfers Number of $34 000 Matons: 3 of partly transfers from finished cne machine to another required by particular products transfers per unit Cratons: 2 goods transfers per unit Quality Number of quality checks checks required for particular products $17 800 Matons: 4 transfers per unit Cratons: 6 transfers per unit Total overheads $51 800
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
To calculate the total overheads allocated to matons and cratons we need to first calculate the over...View the full answer
Answered By
Chandrasekhar Karri
I have tutored students in accounting at the high school and college levels. I have developed strong teaching methods, which allow me to effectively explain complex accounting concepts to students. Additionally, I am committed to helping students reach their academic goals and providing them with the necessary tools to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Students also viewed these Business questions
-
The company has the following three potential obligations. Describe how each will be reported in the financial statements. (a) The company has promised to make fixed pension payments to employees...
-
The cycle division of TravelFast Company has the following cost data per unit for its most recent cycle, the Roadbuster: The cycle division currently buys its body frames from an outside supplier....
-
The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete ......$100,000 Conversion...
-
1. If net profit is $47,025; depreciation is $2,200; accounts receivable increases $5,056; accounts payable increases $4,673; and inventory declines $850; what is the operating cash flow for the...
-
Shards of clay vessels were put together to reconstruct rim diameters of the original ceramic vessels found at the Wind Mountain archaeological site. A random sample of ceramic vessels gave the...
-
Cozumel Corporation has $10,000,000 of 10.5 percent, 20-year bonds dated June 1, 2014, with interest payment dates of May 31 and November 30. After 10 years, the bonds are callable at 104, and each...
-
You are the person responsible for the accounts payable ledger of Cameron Ltd. You are concerned that the statement of account for the month ending 30 June 2025 received from Deveson Ltd does not...
-
The following information is available for Vogt Corp. for the year ended December 31, 2014: Prepare a multiple-step income statement for Vogt Corp. The company has a tax rate of30%. Other revenues...
-
Identify 2 tools used for backup purposes that would support business continuity to ensure that the data can be accessed during the disaster. Explain who is responsible for the backup. How often...
-
1. How would you describe the competitive strategy of Walnut Creek amphitheatre? Given the firm's strategy, what are the most important Key Performance Indicators (e.g., quantitative measures) for...
-
Using the information given in Question 1, calculate the selling price of a breve and a minim. The directors of Morad Industries Ltd wish to achieve a profit margin of 20 per cent on cost. It should...
-
Peter Ltd produces one product, the Baz. The standard direct material cost of each unit was as follows: 2.5 kilos of material at $4.80 per kilo = $12 per unit. During February 2015, the company...
-
A Taguchi quality loss function (QLF) a. is used to define the tolerance range in the goalpost quality approach to setting quality standards. b. predicts decreasing quality-related costs as...
-
What are the challenges facing the field of Human Resource Development (HRD)?
-
A car travels at a steady 31.6 m/s around a horizontal (unbanked) curve of radius 154 m. What minimum coefficient of static friction between the road and the car's tires is required to safely...
-
Explain the differences between the types of training and how this affects planning
-
What are some of the KPIs that a business needs to focus on when evaluating a content strategy? Explain.
-
When pricing jobs (Job Evaluation Methods) describe the three methods. In your opinion, which method best promotes equity and fairness? Please explain.
-
The Physics at Home in Section 29.4 suggests tossing coins as a model of radioactive decay. An improved version is to toss a large number of dice instead of coins: each die that comes up a "one"...
-
The activities listed in lines 2125 serve primarily as examples of A) Underappreciated dangers B) Intolerable risks C) Medical priorities D) Policy failures
-
Jennings Company uses the weighted average method for its process costing system. The Molding department at Jennings began January with 80,000 units in work-in-process inventory, all of which were...
-
Refer to Exercise 25. Prepare a production cost report for Jennings Company for the month of January using the format shown in Figure 4.9. In exercise 25 Jennings Company uses the weighted average...
-
Deluxe Tire Company produces tires in two processing departmentsFabrication and Packaging. Transactions for the month of July are shown as follows. 1. Direct materials totaling $15,000 are...
-
Blockchain Corporation has provided the following select information from their financial statements: Beginning Balance Ending Balance Inventory 45,600 57,200 Accounts Receivable 54,200 50,600...
-
Armed with your data, you are ready to report back about your recommendation for raising capital. As the CFO of Rogue Space, what funding method would you present to management as the most feasible...
-
Financial statements and related disclosures report. what the company will be worth in 10 years. a company's economic wealth whether the company stock is undervalued. How interest rates are expected...
Study smarter with the SolutionInn App