detail for year end 31 Mar 1995

A B C
Indirect Material 23000 35000 57000
Indirect Wages 21000 34000 55000
Direct Wages 140000 200000 125000
Direct Labor 25000 50000 60000
Machine Hour 100000 40000 10000

Information about Production department

Area (Sq m) 30000 20000 10000
Cost of Machinery 220000 160000 20000
Hors power of machine 55 30 15

Budgeted
hp Power 120000 66000 36000 18000
Area Rent/Rate, Light 90000 45000 30000 15000
mc Insureance(machine) 20000 11000 8000 1000
mc Dep 80000 44000 32000 4000

Macnhine is dep on the basis of 20% on cost 80000

Actual Direct cost & time

Direct Wages 88 192 105
Direct Labor 35 90 45
Machine Hour 60 30 10
Direct Machine 152 85 52

A sum amounting to 30% of the production cost is added to every job to enable a silling pricee to be quoted
 465000
135000
150000

3 2 1 6
11 8 1 20
11 6 3 20

120000
90000
20000
80000

385
170
100
289
944
ng pricee to be quoted 0.3
Statement to show the total Production Overheads Per Department
A B C
Indirect Material 23000 35000 57000
Indirect Wages 21000 34000 55000
Power 66000 36000 18000
Rent/Rate, Light 45000 30000 15000
Insureance(machine) 11000 8000 1000
Dep 44000 32000 4000
210000 175000 150000

615538 Absorption Rate

Quoted Price
535000

115%
Date Paper
19/05/2009 Business MCQ
25/05/2009 Accounting Subjective
2/6/2009 Accounting MCQ
5/6/2009 Business/Eco Subjective
11/6/2009 Eco MCQ
 Answer Book
Q. No. Ans Q. No. Ans Q.No. Ans Q.No. Ans
1 D 16 B 31 C 46 D
2 A 17 A 32 C 47 A
3 A 18 33 A 48 C
4 A 19 D 34 A 49 C
5 C 20 B 35 D 50 B
6 D 21 C 36 C 51 C
7 A 22 C 37 B 52 C
8 B 23 C 38 A 53 C
9 B 24 D 39 D 54 B
10 B 25 A 40 D 55
11 B 26 C 41 D 56 D
12 C 27 D 42 C 57 B
13 B 28 A 43 C 58 A
14 C 29 D 44 B 59 D
15 C 30 D 45 B 60 B