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 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | 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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