Menu
Question Tag: Career Path
Search
500
+ past questions and counting.
- 10 Marks
MI – May 2018 – L1 – SB – Q4a – Costing Methods
Apportionment of service department overhead and career paths for accountants in IT-based environments
Question
a. The overhead costs of HABA LIMITED is analyzed below:
| Production Departments | N |
|---|---|
| Weaving | 1,000,000 |
| Spinning | 500,000 |
| Service Departments | |
| Admin | 80,000 |
| Maintenance | 60,000 |
The administrative overhead costs are to be apportioned on the basis of Weaving 50%, Spinning 30%, and Maintenance 20%, while the Maintenance overhead costs are to be apportioned on the basis of Weaving 60%, Spinning 20%, and Administrative 20%.
You are required to apportion service departments’ overhead to production departments using the continuous apportionment method. (10 marks)
Find Related Questions by Tags, levels, etc.
Report an error
- 10 Marks
MI – May 2018 – L1 – SB – Q4a – Costing Methods
Apportionment of service department overhead and career paths for accountants in IT-based environments
Question
a. The overhead costs of HABA LIMITED is analyzed below:
| Production Departments | N |
|---|---|
| Weaving | 1,000,000 |
| Spinning | 500,000 |
| Service Departments | |
| Admin | 80,000 |
| Maintenance | 60,000 |
The administrative overhead costs are to be apportioned on the basis of Weaving 50%, Spinning 30%, and Maintenance 20%, while the Maintenance overhead costs are to be apportioned on the basis of Weaving 60%, Spinning 20%, and Administrative 20%.
You are required to apportion service departments’ overhead to production departments using the continuous apportionment method. (10 marks)
Find Related Questions by Tags, levels, etc.
Report an error