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Example: TCD Ltd has two production departments (Assembly and Finishing) and two service departments...

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Accounting

Example:

TCD Ltd has two production departments (Assembly and Finishing) and two service departments (Maintenance and Canteen).

The following are budgeted costs for the next period:

Indirect materials $20,000

Rent $15,000

Electricity $10,000

Machine depreciation $5,000

Indirect labour $16,520

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Required: Complete the extract from the overhead analysis sheet

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. The following information is available Assembly Finishing Maintenance Canteen Total Area (sa 1,000 2,000 500 500 4,000 metres) kW hours 2,750 4,500 1,975 775 10,000 consumed Machine value 45,000 35.000 11,000 9,000 100,000 ($) Staff 18 30 12 2 62 Direct labour 3,175 3,800 6,975 hours Indirect 7,000 8,000 3,000 2,000 20,000 materials budget ($) ) Indirect labour 1,600 2,220 11,200 1,500 16,520 budget ($) Overhead analysis sheet Overhead Basis of apportionment Assembly Finishing Maintenance Canteen Total $ $ $ $ $ Indirect materials Rent Electricity Machine depreciation Indirect labour

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