Posted: January 4th, 2017
The calculation of the overhed rate before and after automation is as follows Before after Budgeted manufacturing overhead $1900000 $2100000 Budgeted direct labour cost $1000000 $700000 Budgeted overhead rate (as % of direct labour cost) 190% 300% three hundred percent lamented the managing director. how can we complete with such a high overhead rate? Require: 1.define manufacturing overhead and cite three example of typical costs that would be included in manufacturing overhead. 2.explain why the increase in the overhead rate should not have a negative financial impact on marrabel manufacturing. 3.discuss how an activity based costing system might benefit marrabel manufacturing. Q n2 process costing with spoilage journal entries ; manufacture Regency park plastics ltd accumulates costs for its single products using weighted average process costing . direct material is added at the beginning of the production process, and conversion occurs uniformly throughout the process.all spoilage is detected at the quality point which occurs after production is 25 percent complte a partially completed production report for the month of September follows q no 3. sales and labour budgets university perth business university is preparing its budget for the upcoming academics year. This is a specialized private university that charges fees for all degree courses. Currently 15000 students are enrolled on campus. However the university is forecasting a 5 percent growth in student numbers in the coming year , despite an increase in fees to 3000 per subject . the following additional information has been gathered from an examination of university records and conversation with university managers 1 perth business university is planning to award scholarship to 180 students which will cover their fees 2. the average cost has 80 students and the typical students takes 4 subjects per semester. Perth business university operates 2 semester per year 3. the average academics staff salary is $80000 per annum including on –costs 4. perth business university staff are evaluated on the basic of teaching research ,administration and professional community service. Each of the academics staff teachers the equivalent of three subjects during the academics year Required 1. Prepare a revenue budget for the upcoming academics year. 2. Determine the number of staff needed to cover classes 3. Assume there is a shortage of full time academics staff . list at least five action that PBU might take to accommodate the growing students number 4. You have been requested by the university deputy vice chancellor to construct budgets for other areas of operation( such as library ,grounds cafeteria ,and maintenance).the DVC noted the most important resources of the university is its academic staff. Now that you know the number of staff needed you can prepare the other budgets. Academic staff are needed the key driver- without them we don’t operate .does VDC really understand the linkages within the budgeting process? explain
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