3encesComplete the following (assume $90,000 of overhead to be distributed):Note: Round the "Ratio" to 2 decimal places.McGrawHillDepartment ADepartment BSquareFeet--10,00030,000Ratio< PrevAmount ofOverheadAllocated9 of 10⠀JUL30WNextE4R***6A8

Name: 3encesComplete the following (assume $90,000 of overhead to be distri
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Description: 3encesComplete the following (assume $90,000 of overhead to be distributed):Note: Round the "Ratio" to 2 decimal places.McGrawHillDepartment ADepartment BSquareFeet--10,00030,000Ratio< PrevAmount ofOverheadAllocated9 of 10⠀JUL30WNextE4R***6A8

Overhead AllocationOverhead allocation is a cost accounting procedure that distributes indirect…

Business

Accounting

Complete the following (assume $90,000 of overhead to be distributed): Note: Round the "Ratio" to 2 decimal places. Department A Department B Square Feet 10,000 30,000 Ratio Amount of Overhead Allocated

Complete the following (assume $90,000 of overhead to be distributed): Note: Round the "Ratio" to 2 decimal places. Department A Department B Square Feet 10,000 30,000 Ratio Amount of Overhead Allocated

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following information is given to you from which you are required to prepare a Statement of Cost and Sales for the period ended on 30th June 2023:Consumable material: KOpening stock 20,000Purchases 122,000Closing stock 10,000Direct wages 36,000Direct Expenses 24,000Factory overheads of direct wages Office and administration overheads 50% 20% of works costSelling and distribution expenses K3 per unit soldUnits of finished goods: In hand at the beginning of the period (Value K12,500) 500Units produced during the period 12,000In hand at the end of the period 1,500Profit on selling price 20% There is no work-in-progress either at the beginning or at the end of the period.
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