Gome Engineering Ltd. Employees job order cost system. The company use predetermined overheads rates in rime manufacturing overheads to jobs.

      

Gome Engineering Ltd. Employees job order cost system. The company use predetermined overheads rates in rime manufacturing overheads to jobs. The following additional information is presented by the company‟s cost accountant.

1. The company has two departments P and R. The predetermined overhead rates is based on machine hours for Dept P and direct labour cost for Dept R. As at 31st January 2003 the cost accountant made the following estimates for the year.


2. The companies cost records show the following information on job YJ 648.


Required:
a) Complete the predetermined overhead rates that should be used during the year in Dept P and R.
b) Compute the total overhead cost applied in job EFJ 648.
c) Calculate the cost of job FJ 648 and the cost per unit if the job containers 120 units.
d) As at 31st Dec 2003 the company records revealed the following information in relation to each department.

Calculate the amount of under / over applied overheads in each department and for the company as a whole.

  

Answers

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Wilfykil answered the question on August 6, 2019 at 05:43

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