QUESTION 1: A furniture making business manufactures quality furniture to customers orders. It has...
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QUESTION : A furniture making business manufactures quality furniture to customers orders. It has three production departments and two service departments. Budgeted overhead costs for the coming year are as follows: The three production departments A B and C and the two service departments X and Y are housed in the new premises, the details of which, together with other statistics and information, are given as follows: Required: a Prepare a statement showing the overhead cost budgeted for each department, showing the basis of apportionment used. Also calculate suitable overhead absorption rates. b Two pieces of furniture are to be manufactured for customers. Direct costs are as follows: Calculate the total costs of each job. c If the firm quotes prices to customers that reflect a required profit of per cent on selling price, calculate the quoted selling price for each job.
QUESTION :
A furniture making business manufactures quality furniture to customers orders. It has three production departments and two service departments. Budgeted overhead costs for the coming year are as follows:
The three production departments A B and C and the two service departments X and Y are housed in the new premises, the details of which, together with other statistics and information, are given as follows:
Required:
a Prepare a statement showing the overhead cost budgeted for each department, showing the basis of apportionment used. Also calculate suitable overhead absorption rates.
b Two pieces of furniture are to be manufactured for customers. Direct costs are as follows:
Calculate the total costs of each job.
c If the firm quotes prices to customers that reflect a required profit of per cent on selling price, calculate the quoted selling price for each job.
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