Securing Higher Grades Costing Your Pocket? Book Your Coursework Help at The Lowest Price Now!

  • +1-617-874-1011 (US)
  • +44-117-230-1145 (UK)
Online Customer Service

ACCT19060 Concepts of Managerial Accounting-Annual Financial Report

Your friend has his own business (Sisulu Ltd). He is currently using job order costing and is applying a plant-wide overhead rate. At the beginning of March, Sisulu Ltd had two jobs in process: Job 24 and Job 25, with the following accumulated cost information:

 Items

Job 24

$

Job 25

$

Direct materials

5 100

1 500

Direct labour

1 200

3 000

Applied overhead

  780

1 950

Balance, 1 March

7 080

6 450

During March, two more jobs (26 and 27) were started. The following direct materials and direct labour costs were added to the four jobs during the month of March:

Items

Job 24

$

Job 25

$

Job 26

$

Job 27

$

Direct materials

2 500

7 110

1 800

1 700

Direct labour

  800

6 400

  900

  560

At the end of March, Jobs 24, 25 and 27 were completed. Only Job 25 was sold. On 1 March, the balance in Finished Goods was zero.

Required:

  1. Write a memo to your friend and explain the following short answer questions:
  • What is a predetermined overhead rate and how is overhead cost assigned to production when a predetermined overhead rate is used
  • What is a departmental overhead rate and a plant-wide overhead rate
  • What is an overhead variance and how is it accounted for typically
  • Is the cost of a job related to the price charged, and if so, how? Justify your answer.
Calculate the overhead rate based on direct labour costs (Note: round to three decimal places)Prepare a brief job-order cost sheet for the four jobs. Show the balance as of 1 March as well as direct materials and direct labour added in March. Apply overhead to the four jobs for the month of March and show the ending balances.Calculate the ending balances of Work in Process and Finished Goods as of 31 March.Calculate the Cost of Goods Sold for March.

Buy ACCT19060 Concepts of Managerial Accounting-Annual Financial Report Answers Online

Talk to our expert to get the help with ACCT19060 Concepts of Managerial Accounting-Annual Financial Report Answers to complete your assessment on time and boost your grades now

The main aim/motive of the management assignment help services is to get connect with a greater number of students, and effectively help, and support them in getting completing their assignments the students also get find this a wonderful opportunity where they could effectively learn more about their topics, as the experts also have the best team members with them in which all the members effectively support each other to get complete their diploma assignments. They complete the assessments of the students in an appropriate manner and deliver them back to the students before the due date of the assignment so that the students could timely submit this, and can score higher marks. The experts of the assignment help services at urgenthomework.com are so much skilled, capable, talented, and experienced in their field of programming homework help writing assignments, so, for this, they can effectively write the best economics assignment help services.

Get Online Support for ACCT19060 Concepts of Managerial Accounting-Annual Financial Report Assignment Help Online

Resources

    • 24 x 7 Availability.
    • Trained and Certified Experts.
    • Deadline Guaranteed.
    • Plagiarism Free.
    • Privacy Guaranteed.
    • Free download.
    • Online help for all project.
    • Homework Help Services

Tap to Chat
Get Instant Assignment Help
Tap to Chat
Get Instant Assignment Help