The following information is also available: OF FLOOR AREA (SQ. EMPLOYEE METERS) VALUE МАCHINE NUMBER OF DIRECT LABOUR MACHINERY HOURS S HOURS GH¢ MACHINE SHOP: A 24000000 30000 900 3000000 6000000 15000000 15000 600 3000000 2000000 ASSEMBLY 3000000 45000 900 6000000 STORES/MATERIAL 1500000 45000 300 PROCUREMENT MAINTENANCE/GE 1500000 15000 300 N. FACTORY SUPPORT 45000000 150000 3000 Details of total materials issues (i.e. direct and indirect materials) to the production centres are as follows: Machine shop X 12,000,000 Machine shopY 9,000,000 Assembly 3,000,000 24,000,000 The service rendered by the factory support department to Machine shop A, Machine Shop B and Assembly was 25%, 25% and 50% respectively. Required: Prepare the overhead analysis sheet and calculate the amount of overheads to charge if the product spends 60 hours in Machine shop X and 135 hours in Machine shop Y and 15 hours in Assembly

The following information is also available: OF FLOOR AREA (SQ. EMPLOYEE METERS) VALUE МАCHINE NUMBER OF DIRECT LABOUR MACHINERY HOURS S HOURS GH¢ MACHINE SHOP: A 24000000 30000 900 3000000 6000000 15000000 15000 600 3000000 2000000 ASSEMBLY 3000000 45000 900 6000000 STORES/MATERIAL 1500000 45000 300 PROCUREMENT MAINTENANCE/GE 1500000 15000 300 N. FACTORY SUPPORT 45000000 150000 3000 Details of total materials issues (i.e. direct and indirect materials) to the production centres are as follows: Machine shop X 12,000,000 Machine shopY 9,000,000 Assembly 3,000,000 24,000,000 The service rendered by the factory support department to Machine shop A, Machine Shop B and Assembly was 25%, 25% and 50% respectively. Required: Prepare the overhead analysis sheet and calculate the amount of overheads to charge if the product spends 60 hours in Machine shop X and 135 hours in Machine shop Y and 15 hours in Assembly

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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