Tutorial Minor Assignment PSB ACFI2003 2016(2) - ACFI 2003...

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ACFI 2003Minor (tutorial) assignmentSubmit in Tutorial Four 31/5/2016A local manufacturing firm produces three product lines, namely X, P and D.You are required to accumulate the product cost (i.e. Material, Labour andOverhead) forproduct line X, as at the end of the month of April.The three product lines consume resources of the firm's two production departments,Departments A and B.A Departmental approach is used to apply overhead usingdirect labour hours (DLH) as cost driver.The firm’s cost accounting system traces the actual direct costs to the product line,and allocates the actual overhead costs to the product line at the end of each month.You are provided with the following information (a) to (c) for the month of April forProduct line X:a) The following refer to Dept A:400 kg of Material Y were issued from stores to Dept A.76 DLH were worked in Dept A at a basic wage of $4.50/DLH.The overtimepremium paid on 6 of these hours were attributed to the high level ofproduction in the firm.

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Term
One
Professor
N/A
Tags
Cost Accounting, 5 kg, 5kg, 30 kg, 30kg

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