Following are the figures that have been extracted from the books of a manufacturing company. All jobs pass through the factory’s two departments.
|
Working Department Rs. Don't use plagiarized sources. Get Your Custom Essay on
following are the figures that have been extracted from the books of a manufacturing 618446
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Finishing Department Rs. |
|
|
Materials used (Rs.) |
6,000 |
500 |
|
Direct labour (Rs.) |
3,000 |
1,500 |
|
Factory overheads (Rs.) |
1,800 |
1,200 |
|
Direct labour hours (Hrs) |
12,000 |
5,000 |
|
Machine hours (Hrs) |
10,000 |
2,000 |
The following information relates to Job No. 10:
|
Working Department |
Finishing Department |
|
|
Materials used (Rs.) |
120 |
10 |
|
Direct labour (Rs.) |
65 |
25 |
|
Machine hours (Hrs) |
255 |
25 |
|
Direct labour hours (Hrs) |
265 |
70 |
You are required to:
|
(i) |
Material-cost method: |
||
|
Percentage on material cost |
30% |
240% |
|
|
Factory overheads (Rs.) |
36 |
24 |
|
|
(ii) |
Labour cost method: |
||
|
Percentage on direct wage cost |
60% |
80% |
|
|
Factory overheads (Rs.) |
39 |
20 |
|
|
(iii) |
Labour-hour-rate method: |
||
|
Direct hour rate (Re. per hour) |
0-15 |
0-24 |
|
|
Factory overhead (Rs.) |
39-75 |
16-80 |
|
|
(iv) |
Machine-hour-rate method: |
||
|
Machine hour rate (Re. per hr) |
0-18 |
0-60 |
|
|
Factory overhead (Rs.) |
45.90 |
15 |
Total cost for Job No. 10:
|
(i) |
Material-cost method (Rs.) |
221 |
59 |
|
(ii) |
Labour-cost method (Rs.) |
224 |
55 |
|
(iii) |
Labour-hour-rate method (Rs.) |
224-75 |
51-80 |
|
(iv) |
Machine-hour-rate method (Rs.) |
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