question archive The following data was extracted from OTK Sedia Sdn Bhd (OSSB) in year 2021: Budgeted overheads Direct labour hours machine hours Machine Department RM180
The following data was extracted from OTK Sedia Sdn Bhd (OSSB) in year 2021: Budgeted overheads Direct labour hours machine hours Machine Department RM180
Subject:BusinessPrice: Bought3
The following data was extracted from OTK Sedia Sdn Bhd (OSSB) in year 2021: Budgeted overheads Direct labour hours machine hours Machine Department RM180.000 4,400 23,000 Assembly Department RM144,000 3,100 19,400 Finishing Department RM76,000 22,500 7,600 Machine Department and Assemble Department are capital intensive, and Finishing Department is Labour intensive. Cost incurred and OSSB received a special order for 586 units, assigned as Job 9731. production data are shown as follows: Materials Labour Materials A: RM5,509; Material B: RM4,576 125 hours Machine Department at RM5.60 per hour 168 hours Assembly Department at RM5.20 per hour 372 hours Finishing Department at RM5.00 per hour 322 hours Machine Department 387 hours Assembly Department 158 hours Finishing Department Machine Additional information: . Basis of overhead absorption rate for Machine Department and Assemble Department is machine hour, and Finishing Department is direct labour hour. Selling and distribution overheads are charged to the job based on 20% of the production cost. Profit is to be maintained at 30% on total cost Required: (a) Compute overhead absorption rate (OAR) for each department (9 marks) (b) Calculate the following for job no. ML12: (i) Prime cost (ii) The production cost (iii) Total cost (iv) Unit cost (v) Selling price per unit (5.5 marks) (3.5 marks) (3 marks) (2 marks) (2 marks) Note: (a) Round your answers to TWO (2) decimal points (b) Show all your relevant working. la
