Question 1 Use the information provided below to answer the following questions: 1.1 Calculate the predetermined...

 

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Question 1 Use the information provided below to answer the following questions: 1.1 Calculate the predetermined overhead rate according to each of the following bases: 1.1.1 Product unit basis 1.1.2 1.1.3 1.2 1.2.1 1.2.2 1.3 Labour hour basis Primary cost basis (expressed to two decimal places) Calculate the manufacturing cost per unit using the following bases: Product unit basis Labour hour basis Determine the value of the over-applied or under-applied overheads. INFORMATION The following is the budget of a manufacturing entity that produces only one type of product: Budgeted direct materials cost Budgeted labour cost Budgeted manufacturing overheads: Fixed Variable Budgeted direct labour hours Budgeted machine hours Budgeted production Additional information Total R? R? R360 000 R240 000 R120 000 ? hours ? hours 30 000 units The actual number of units produced was 32 000 and the actual overheads amounted to R400 000. (2 marks) (3 marks) (3 marks) (3 marks) (3 marks) (6 marks) Per unit R30 R24 ? ? ? 10 hours 7.5 hours Question 1 Use the information provided below to answer the following questions: 1.1 Calculate the predetermined overhead rate according to each of the following bases: 1.1.1 Product unit basis 1.1.2 1.1.3 1.2 1.2.1 1.2.2 1.3 Labour hour basis Primary cost basis (expressed to two decimal places) Calculate the manufacturing cost per unit using the following bases: Product unit basis Labour hour basis Determine the value of the over-applied or under-applied overheads. INFORMATION The following is the budget of a manufacturing entity that produces only one type of product: Budgeted direct materials cost Budgeted labour cost Budgeted manufacturing overheads: Fixed Variable Budgeted direct labour hours Budgeted machine hours Budgeted production Additional information Total R? R? R360 000 R240 000 R120 000 ? hours ? hours 30 000 units The actual number of units produced was 32 000 and the actual overheads amounted to R400 000. (2 marks) (3 marks) (3 marks) (3 marks) (3 marks) (6 marks) Per unit R30 R24 ? ? ? 10 hours 7.5 hours

Answer rating: 100% (QA)

111 Product unit basis POHR 24000012000030000 R12 per unit 112 Labour h... View the full answer