Question 1 Property, Plant and Equipment
ABC adjusted trial balance included the following as of 30 June 2010
Machines (at cost)
Accumulated Depreciation (Machines)
Land (at fair value)
Building (at fair valu
EXERCISE: Lecture 5 Comprehensive Example
The following transactions relate to ABC Furniture Ltd for the month of June 2013:
The owner invested $10,000 into the business.
You have just been hired as an accountant by Capital Industries, a manufacturer of tools for the oil,
gas and mining industries based in Geraldton. The tools produced by Capital Industries are
specialised, high quality tools suited to very s
Predetermined overhead rate = budgeted overhead budgeted
direct professional labour cost
= $75,000 15,000 DLH = $5 per DLH
Applied overhead = Actual activity x POHR
= 14,500 DLH x $5 = $72,500
Actual overhead = $80,000
Therefore, overhead was undera
Curtin Business School
School of Accounting
Lecture Illustration Questions
Study Package Number:
Lecture Illustration Questions (IQ)
The following selected information
ACCT2002 Management Accounting
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