Cost Management AccountingTU Board 2024
The following are the information of production department: ➢ Cost of machine Rs 300,000 with Rs 30,000 residual value at end of 5 years. ➢ Annual working hours of machine 6,000 hours. ➢ Setting up…
5The following are the information of production department: ➢ Cost of machine Rs 300,000 with Rs 30,000 residual value at end of 5 years. ➢ Annual working hours of machine 6,000 hours. ➢ Setting up time = 10% of total machine hours. ➢ Repair and maintenance and lubricating Rs 2 per machine hours ➢ Annual lighting expenses Rs 18,000 ➢ Machine attendance annual salary Rs 48,000 ➢ Power consumption Rs 3 per 30 minutes working Required: Overhead rate per machine hour
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