J Meyers has the following budgeted figures for the year ended 30 June 2021: Units produced...
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J Meyers has the following budgeted figures for the year ended 30 June 2021: Units produced Machine-hours Direct labor-hours Manufacturing overheads Direct materials Direct wages 194 400 7 920 13 440 R138 000 R62 880 R45 696 The actual levels of activity during the same period were as follows: Units produced Machine-hours Manufacturing overheads 204 710 8 550 R147 017 Required: Calculate the over-or under-applied overheads using overhead rates calculated on a units' and a machine-hours' basis. J Meyers has the following budgeted figures for the year ended 30 June 2021: Units produced Machine-hours Direct labor-hours Manufacturing overheads Direct materials Direct wages 194 400 7 920 13 440 R138 000 R62 880 R45 696 The actual levels of activity during the same period were as follows: Units produced Machine-hours Manufacturing overheads 204 710 8 550 R147 017 Required: Calculate the over-or under-applied overheads using overhead rates calculated on a units' and a machine-hours' basis.
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Answer The overhead rate calculated on a units basis is R138000 194400 ... View the full answer
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
Posted Date:
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