Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Cost Accounting Expert

Flinders Ltd. has three production departments supported by the two service departments. The management accountant of Flinders Ltd. has given the following budgeted overhead costs for the coming year.

1551_budgeted overhead cost.jpg

Other budgeted data are as shown below:

1135_budgeted data.jpg

Flinders Ltd. has the policy of apportioning the cost of service department X between the other four departments to remove those costs before apportioning the cost of service department Y among the production departments.

The percentage of apportionment is as shown below:

2129_percentage of apportionment.png

Required:

a) Make a statement to show the total overheads for each production department, exhibiting the basis of apportionment chosen.

b) Compute an Overhead Absorption Rate (OAR) for each production department, by using the most appropriate basis of absorption.

c) Computed Overhead Absorption Rate (OAR) is Rs17. The actual overheads for Assembly Department were Rs 195 211 and direct labor hours worked were 11 542. Compute the amount of over or under absorbed overheads.

d) In brief describe four differences between the management and financial accounting.

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M96731

Have any Question? 


Related Questions in Cost Accounting

Question 1the following data is supplied to youmonthunits

Question 1: The following data is supplied to you: MONTH UNITS PRODUCED COSTS January 1 000 R3 800 February 1 060 R4 110 March 900 R3 560 April 1 100 R4 470 May 1 160 R4 600 June 1 310 R4 995 Required Determine the total ...

Part 1maintaining and controlling projectshow does evm

Part 1 Maintaining and Controlling Projects How does EVM operationalize or put into practice the management of trade-offs implied by the triple constraint discussed since the beginning of the course? Does it allow a bala ...

Cost accounting assessment - group reportlearning outcomesa

Cost Accounting Assessment - Group Report Learning outcomes a) Select devise and apply different types of cost allocation and explain their different roles for supporting strategic managerial decision making. b) Design a ...

Cool ride skis ltd case studyit is the end of 2015 and

COOL RIDE SKIS LTD CASE STUDY It is the end of 2015 and Grace Miller, senior management accountant for Cool Ride Skis Ltd has been analysing the Victorian division's 2015 results. Both she and the company's Managing Dire ...

Assignment 1 - consider the places of employment of the

Assignment 1 - Consider the places of employment of the team members or businesses with which the team is familiar and the industries in which they operate. Create a 12-slide presentation, including detailed speaker note ...

The budgeted and actual revenues and expenditures of

The budgeted and actual revenues and expenditures of Seaside Township for a recent year (in millions) were as presented in the schedule that follows:  1. Prepare journal entries to record the budget. 2. Prepare journal e ...

Module cost of capital worksheetthe assignment in this

Module Cost of Capital Worksheet The assignment in this module builds on the idea of forecasting and valuation theory from Chapters 6 and 7 in Module Six by valuing a company through calculations using real data. This wi ...

1 avatar company uses the indirect method to prepare its

1) Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet:   2014 2013 Increase/decrease Cash $  21,000 $  18,000  $  3,000 ...

Question1 which of the following statements concerning job

Question 1. Which of the following statements concerning job costing systems is incorrect? a. Cost drivers are those items which cause actual overhead to exceed applied overhead. b. Job costing systems are appropriate to ...

Exercise assume that schipper company has the same data as

Exercise : Assume that Schipper Company has the same data as before, but that Schipper Company now pays a marginal tax rate of 40 percent. Required 1. What is the after-tax cost of the mortgage bonds? 2. What is the afte ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate