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Refer to the following data and calculate the following (show all workings) a. Total manufacturing costs...
Part B (10 marks) Direct labour Oscar Production reports the following costs and expenses in May...
Part B (10 marks) Direct labour Oscar Production reports the following costs and expenses in May 2017: S10 200 10 000 Factory electricity cost Factory manager's salary Sales salaries 572 105 51700 1500 Repairs to office equipment 52 600 Indirect factory labour Factory repairs 2 100 16 000 Indirect materials Direct materials used 101 200 143 400 11 240 Advertising cost Office supplies used 4 000 Depreciation on factory equipment Required: Calculate the following costs. Provide a formula and show...
Question 5 (Marks: 15) African Publishers Limited identified the following overhead activities, indirect costs and activity...
Question 5 (Marks: 15) African Publishers Limited identified the following overhead activities, indirect costs and activity cost drivers for the 2018 year: Activity Expected Indirect Cost Activity Cost Driver Activity Capacity Setup Costs R60 000 Number of Setups 300 Setups Ordering Costs R45 000 Number of Orders 4500 Orders Machine Costs R90 000 Machine Hours 18 000 Machine Hours Receiving R25 000 Number of Parts 50 000 Parts The company's normal operating activity is 4 000 direct labour hours. African...
The following costs were incurred by Greetings R Us, a firm manufacturing greetings cards for the...
The following costs were incurred by Greetings R Us, a firm manufacturing greetings cards for the last year: Service Department costs (All of the services are provided to manufacturing function) Fringe benefits to Direct laborers in manufacturing function Fringe benefits to Indirect laborers in manufacturing function Fringe benefits for production supervisors Total overtime premiums paid Cost of idle time: Production employees Administrative costs Rental of office space for sales personnel Sales commissions Product promotion costs Direct material Advertising expenses Depreciation...
In January 2020, Sayers Manufacturing incurred the following costs in manufacturing Detecto, its only product: Direct...
In January 2020, Sayers Manufacturing incurred the following costs in manufacturing Detecto, its only product: Direct materials purchased $900,000 Direct labour incurred 710,000 Benefits 75,000 Overtime premium 50,000 Supervisory salaries 125,000 Utility expenses 92,500 Depreciation (equipment) 2,800 Supplies (factory) 10,000 Factory rent 31,300 An analysis of the accounting records showed the following balances in the inventory accounts at the beginning and end of January: Direct materials Work in process Finished goods January 1 January 31 $80,000 $90,000 110,000 74,600 95,000...
QUESTION 1 Turtle Ltd supplied the following information for the past year: N$ Direct material...
QUESTION 1 Turtle Ltd supplied the following information for the past year: N$ Direct material used 50 000 Indirect material used 10 000 Direct labour cost 100 000 Indirect labour cost 25 000 Sales commission paid 17 000 Depreciation: plant and equipment 50 000 Sundry factory overheads 50 000 Depreciation: office building 10 000 Sales 410 000 You are required to determine the following: 1. Prime costs 2. Manufacturing overheads costs 3. Conversion costs 4....
15 000 12 000 5000 1 500 700 2000 Timber Screws Steel Tubing Depreciation of vehicle...
15 000 12 000 5000 1 500 700 2000 Timber Screws Steel Tubing Depreciation of vehicle Varnish Grease Office rent Cleaning oil Factory cleaner wages Machine operator * Factory security guard Carpenters Factory rent Factory supervisor Administrative expenses Assembly-line worker 500 4000 12 400 2 000 10 250 5 000 20 000 15 000 8 600 Unit 1 - Review Questions REQUIRED; calculate the following: 1. Direct material cost 2. Indirect material cost 3. Direct labour cost 4. Indirect labour...
An analysis of the accounts of KAZ Manufacturing Pty Ltd reveals the following manufacturing cost data...
An analysis of the accounts of KAZ Manufacturing Pty Ltd reveals the following manufacturing cost data for the month ended 30 June 2019. Beginning Ending $ 14000 10000 16 000 $22 200 18000 12 000 Inventories: Raw materials Work in process Finished goods Costs incurred: Raw materials purchases Direct labour Manufacturing overhead Specific overhead costs: Indirect labour Factory insurance Machinery depreciation Machinery repairs Factory utilities Miscellaneous factory costs 128 000 100 000 60 000 31 200 8 000 8 000...
SECTION B (30 Marks) Answer ALL questions. QUESTION 1 The following information relates to Rocko Bhd....
SECTION B (30 Marks) Answer ALL questions. QUESTION 1 The following information relates to Rocko Bhd. for the year ended 31 Dec 2020 was extracted from the company's records : Sales Depreciation - Office Equipment Utilities Factory Rental Prime Cost Direct Materials purchases Direct Materials, 1/1/20 Finished Goods, 1/1/20 Work in Process, 1/1/20 Direct Materials, 31/12/20 Work in Process, 31/12/20 Conversion Cost Cost of Goods Sold Depreciation - Plant Equipment Indirect labour Direct labour Factory supervisor's salary Property taxes -...
Dohini Manufacturing Company had the following 12 months of data on purchasing cost and number of...
Dohini Manufacturing Company had the following 12 months of data on purchasing cost and number of purchase orders. Number of Purchasing Purchase Month Cost Orders January $18,860 370 February 18,040 330 March 19,250 370 April 18,050 410 May 19,345 400 June 19,500 450 July 19,670 460 August 20,920 570 September 19,430 440 October 20,020 500 November 18,800 470 December 19,340 480 Required: 1. Determine the high point and the low point. Month with high number of purchase orders Month with...
Required information (The following information applies to the questions displayed below.) The following cost data for...
Required information (The following information applies to the questions displayed below.) The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct materia Advertising expense Depreciation on factory building Direct labor: wages Cost of finished goods inventory at year-end Indirect labor wages Production supervisor's salary Service department costs Direct labor: fringe benefits Indirect labor: fringe benefits Fringe benefits for production supervisor Total overtime premiums paid Cost of idle time: production employees Administrative costs...
Part B (10 marks) Direct labour Oscar Production reports the following costs and expenses in May 2017: S10 200 10 000 Factory electricity cost Factory manager's salary Sales salaries 572 105 51700 1500 Repairs to office equipment 52 600 Indirect factory labour Factory repairs 2 100 16 000 Indirect materials Direct materials used 101 200 143 400 11 240 Advertising cost Office supplies used 4 000 Depreciation on factory equipment Required: Calculate the following costs. Provide a formula and show...
Question 5 (Marks: 15) African Publishers Limited identified the following overhead activities, indirect costs and activity cost drivers for the 2018 year: Activity Expected Indirect Cost Activity Cost Driver Activity Capacity Setup Costs R60 000 Number of Setups 300 Setups Ordering Costs R45 000 Number of Orders 4500 Orders Machine Costs R90 000 Machine Hours 18 000 Machine Hours Receiving R25 000 Number of Parts 50 000 Parts The company's normal operating activity is 4 000 direct labour hours. African...
The following costs were incurred by Greetings R Us, a firm manufacturing greetings cards for the last year: Service Department costs (All of the services are provided to manufacturing function) Fringe benefits to Direct laborers in manufacturing function Fringe benefits to Indirect laborers in manufacturing function Fringe benefits for production supervisors Total overtime premiums paid Cost of idle time: Production employees Administrative costs Rental of office space for sales personnel Sales commissions Product promotion costs Direct material Advertising expenses Depreciation...
In January 2020, Sayers Manufacturing incurred the following costs in manufacturing Detecto, its only product: Direct materials purchased $900,000 Direct labour incurred 710,000 Benefits 75,000 Overtime premium 50,000 Supervisory salaries 125,000 Utility expenses 92,500 Depreciation (equipment) 2,800 Supplies (factory) 10,000 Factory rent 31,300 An analysis of the accounting records showed the following balances in the inventory accounts at the beginning and end of January: Direct materials Work in process Finished goods January 1 January 31 $80,000 $90,000 110,000 74,600 95,000...
15 000 12 000 5000 1 500 700 2000 Timber Screws Steel Tubing Depreciation of vehicle Varnish Grease Office rent Cleaning oil Factory cleaner wages Machine operator * Factory security guard Carpenters Factory rent Factory supervisor Administrative expenses Assembly-line worker 500 4000 12 400 2 000 10 250 5 000 20 000 15 000 8 600 Unit 1 - Review Questions REQUIRED; calculate the following: 1. Direct material cost 2. Indirect material cost 3. Direct labour cost 4. Indirect labour...
An analysis of the accounts of KAZ Manufacturing Pty Ltd reveals the following manufacturing cost data for the month ended 30 June 2019. Beginning Ending $ 14000 10000 16 000 $22 200 18000 12 000 Inventories: Raw materials Work in process Finished goods Costs incurred: Raw materials purchases Direct labour Manufacturing overhead Specific overhead costs: Indirect labour Factory insurance Machinery depreciation Machinery repairs Factory utilities Miscellaneous factory costs 128 000 100 000 60 000 31 200 8 000 8 000...
SECTION B (30 Marks) Answer ALL questions. QUESTION 1 The following information relates to Rocko Bhd. for the year ended 31 Dec 2020 was extracted from the company's records : Sales Depreciation - Office Equipment Utilities Factory Rental Prime Cost Direct Materials purchases Direct Materials, 1/1/20 Finished Goods, 1/1/20 Work in Process, 1/1/20 Direct Materials, 31/12/20 Work in Process, 31/12/20 Conversion Cost Cost of Goods Sold Depreciation - Plant Equipment Indirect labour Direct labour Factory supervisor's salary Property taxes -...
Dohini Manufacturing Company had the following 12 months of data on purchasing cost and number of purchase orders. Number of Purchasing Purchase Month Cost Orders January $18,860 370 February 18,040 330 March 19,250 370 April 18,050 410 May 19,345 400 June 19,500 450 July 19,670 460 August 20,920 570 September 19,430 440 October 20,020 500 November 18,800 470 December 19,340 480 Required: 1. Determine the high point and the low point. Month with high number of purchase orders Month with...
Required information (The following information applies to the questions displayed below.) The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct materia Advertising expense Depreciation on factory building Direct labor: wages Cost of finished goods inventory at year-end Indirect labor wages Production supervisor's salary Service department costs Direct labor: fringe benefits Indirect labor: fringe benefits Fringe benefits for production supervisor Total overtime premiums paid Cost of idle time: production employees Administrative costs...
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