Overheads.docx - Question Spring Company has a job costing system The following items appeared in the Work-inProcess account during February of the

Overheads.docx - Question Spring Company has a job costing...

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Question Spring Company has a job costing system. The following items appeared in the Work-in- Process account during February of the current year: February 1 Balance R20,000 Materials Placed into production Direct labour (4,000 hours) 120,000 Plant-wide-Overhead-applied 90,000 Cost of goods manufactured 400,000 February 28 balance 16,000 Spring applies overhead to production based on direct labour hours. Job XX, the only job in process on February 28, has been charged R10,600 materials cost and has 100 labour hours of direct labour time assigned to it. REQUIRED: 1.1 Determine the predetermined Plant wide overhead rate for Spring Company. (5) 1.2 Determine the amounts of materials, direct labour and plan wide overhead included in the February 28 work in process. (5)
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  • Spring '17
  • diaz
  • 4,000 hours, Spring Company

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