Homework Answers
| Statement of cost ( Allocation of Overhead) | ||||||
| particulars | machining(£) | Assembly(£) | Repairs(£) | Quality control(£) | total(£) | |
| indirect material | 1,500.00 | 2,400.00 | 1,000.00 | 400.00 | 5,300.00 | |
| indirect labour cost | 5,000.00 | 5,000.00 | 3,500.00 | 2,000.00 | 15,500.00 | |
| factory rental | 4,000.00 | 7,200.00 | 800.00 | 2,400.00 | 14,400.00 | |
| power cost | 3,600.00 | 600.00 | 300.00 | 300.00 | 4,800.00 | |
| depreciation | 8,000.00 | 3,000.00 | 1,000.00 | 2,000.00 | 14,000.00 | |
| building insurance | 500.00 | 900.00 | 100.00 | 300.00 | 1,800.00 | |
| equipment insurance | 2,400.00 | 900.00 | 300.00 | 600.00 | 4,200.00 | |
| 60,000.00 | ||||||
| Notes: | |||||||
| factory rental | machining | Assembly | Repairs | Quality control | total | ||
| floor area (square Metres) | 500 | 900 | 100 | 300 | 1800 | ||
| ( in the ratio of floor area) | 4000 | 7200 | 800 | 2400 | |||
| power cost | 600 | 100 | 50 | 50 | 800 | ||
| (in the ratio of Kilowatt hours) | 3600 | 600 | 300 | 300 | |||
| depreciation | 40000 | 15000 | 5000 | 10000 | 70000 | ||
| (in the ratio of cost of plant) | 8000 | 3000 | 1000 | 2000 | |||
| building insurance | 500 | 900 | 100 | 300 | 1800 | ||
| ( in the ratio of floor area) | 500 | 900 | 100 | 300 | |||
| equipment insurance | 40000 | 15000 | 5000 | 10000 | 70000 | ||
| (in the ratio of cost of plant) | 2400 | 900 | 300 | 600 | |||
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