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Briefly explain bases of apportionment of overheads.
(Solved)
Briefly explain bases of apportionment of overheads.
Date posted:
February 15, 2019
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Answers (1)
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Apex Furniture Ltd. manufactures three products: S, M and L.
(Solved)
Apex Furniture Ltd. manufactures three products: S, M and L.
Date posted:
February 15, 2019
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Answers (1)
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BabyCom Limited manufactures different types of toys. The company engages three employees.
Abel, Bilha and Charles.
(Solved)
BabyCom Limited manufactures different types of toys. The company engages three employees.
Abel, Bilha and Charles.
Date posted:
February 15, 2019
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Answers (1)
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Explain the reasons why an organisation might use overheads allocation and apportionment in
allocating costs among cost centres.
(Solved)
Explain the reasons why an organisation might use overheads allocation and apportionment in
allocating costs among cost centres.
Date posted:
February 15, 2019
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Answers (1)
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Copytech Ltd. sells and services photocopying machines. The company's sales department sells
the photocopying machines and consumables while the service department provides an after sale
service to...
(Solved)
Copytech Ltd. sells and services photocopying machines. The company's sales department sells
the photocopying machines and consumables while the service department provides an after sale
service to customers.
Currently, Copytech Ltd. uses a single overhead absorption rate to charge overheads based on total
sales revenue from copy charges. However, the service manager has proposed to change to activity
based costing (ABC) system and the following information has been obtained
Date posted:
February 15, 2019
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Answers (1)
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Distinguish between 'cost allocation' and 'cost absorption
(Solved)
Distinguish between 'cost allocation and 'cost absorption
Date posted:
February 15, 2019
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Answers (1)
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Kenya Auto Assemblers Ltd assembles cars from imported knocked-down-kits. The company
has been operating at 60% capacity, assembling 3,000 cars per year.
The following information relates to...
(Solved)
Kenya Auto Assemblers Ltd assembles cars from imported knocked-down-kits. The company
has been operating at 60% capacity, assembling 3,000 cars per year.
The following information relates to the company‟s operations at two different levels of capacity.
Date posted:
February 15, 2019
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Answers (1)
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In practice there is no cost that can be described as, entirely and always variable or fixed.'
Comment on the above statement.
(Solved)
In practice there is no cost that can be described as, entirely and always variable or fixed.'
Comment on the above statement.
Date posted:
February 15, 2019
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Answers (1)
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The information given below relates to Wasp Ltd. which manufactures a single type of
chemical. Overhead processing costs for the last thirteen accounting months (of four...
(Solved)
The information given below relates to Wasp Ltd. which manufactures a single type of
chemical. Overhead processing costs for the last thirteen accounting months (of four weeks
each) have been as follows:
Date posted:
February 15, 2019
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Answers (1)
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Central Machinery Ltd ,Is preparing its budget for the year ending 30 June 2004.For the fuel
expenses consumption it is decided to estimate an equation of...
(Solved)
Central Machinery Ltd ,Is preparing its budget for the year ending 30 June 2004.For the fuel expenses consumption it is decided to estimate an equation of the form ,y=a + b x, where y is the total expense at an activity level x, a is the fixed expense and b is the rate of variable cost.
Date posted:
February 15, 2019
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Answers (1)
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Explain the advantage and disadvantages of high-low method of cost estimation.
(Solved)
Explain the advantage and disadvantages of high-low method of cost estimation.
Date posted:
February 15, 2019
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Answers (1)
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The management of Limuru processing Company Ltd. Wishes to obtain better cost estimates to
evaluate the company's operations more effectively
(Solved)
The management of Limuru processing Company Ltd. Wishes to obtain better cost estimates to
evaluate the company's operations more effectively
Date posted:
February 15, 2019
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Answers (1)
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State three disadvantages of using the high – low method for estimating costs
(Solved)
State three disadvantages of using the high – low method for estimating costs
Date posted:
February 15, 2019
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Answers (1)
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Briefly explain the following cost estimation methods:
(i). High-low method.
(ii). Simple regression method.
(Solved)
Briefly explain the following cost estimation methods:
(i). High-low method.
(ii). Simple regression method.
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Date posted:
February 15, 2019
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Answers (1)
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ABC Dental Clinic outsources specialized dental surgeons from private hospitals. The following
relates to the total labour hours and indirect labour costs for the year ended...
(Solved)
ABC Dental Clinic outsources specialized dental surgeons from private hospitals. The following relates to the total labour hours and indirect labour costs for the year ended 31 October 2010.
Date posted:
February 15, 2019
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Answers (1)
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Differentiate between a bin card and a stores ledger card.
(Solved)
Differentiate between a bin card and a stores ledger card.
Date posted:
February 15, 2019
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Answers (1)
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Afya Bora Health Centre has a capacity of 20 beds. The following information relates to the
centre's operations for the year ended 30 June 2014:
(Solved)
Afya Bora Health Centre has a capacity of 20 beds. The following information relates to the
centre's operations for the year ended 30 June 2014:
Date posted:
February 15, 2019
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Answers (1)
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Daniel Mutiso, the Cost Accountant of Abra Ltd. feels that he is getting overworked and has
recommended that a management accountant be employed to take up...
(Solved)
Daniel Mutiso, the Cost Accountant of Abra Ltd. feels that he is getting overworked and has
recommended that a management accountant be employed to take up other responsibilities in the
organization.
However, the management of the company equally argues that the work is the same and that a
decision to hire a management accountant is against their cost reduction policy.
Required:
In the light of the above statement, explain to the management three differences between management
accounting and cost accounting to help them make a fair decision.
Date posted:
February 15, 2019
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Answers (1)
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Describe five ways in which cost accounting complements financial accounting in terms of
providing information to managers for better decision making.
(Solved)
Describe five ways in which cost accounting complements financial accounting in terms of
providing information to managers for better decision making.
Date posted:
February 15, 2019
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Answers (1)