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acc as level

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Monica:
I think you mean Q3 b) not d).

Okay now in the question itself,first page they give us the "Direct Labour" for -Assembly and -Finishing for each seat. A labour is a worker thus we pay him wages, so we call that direct wages. To calculate the over head for assembly for direct wages you will just have to multiply the direct wage by the estimated production units of each seat. And to calculate in the finishing department based on machine hours you will find in the first page also they giving you the number of hours for each seat, so you will just multiply by the estimated productions unit.

1)i) Assembly department based on DIRECT WAGES :

Single seat = estimated productions in units * direct labout assembly = 12 000*20 = 240 000
Two-Seat = 10 000*13 = 130 000
Three-Seat = 5000*14 = 70 000
Total = 440 000, to get the unit per labour cost you will use the total you got for assembly which was 127 308 and divide it by the total = 127 308/440 000 = 0.26

ii) Will be the same as part i) but now use the machine hours.

Single-seat = 12000x2
two-seat = 10000x3
three-seat = 5000x4

then continue as part (i)

unknown:
hmm u guys r so helpful
hmm i needed help in the brs mcqs i mean can u explain me tht lesson with all term meaning like lodgements uncleared cheques etc i mean those entries plzz

***exam***:
@mony : m sorry  but i meant Q3 d) only  i didnt exactly get how to solve the question  after getting the prime cost   





@ unknown : uncleared cheques are cheques you have written that have not been presented to your bank. For instance, if your bank balance is $100 and you have written a chque for $40 that hasn't gone through yet, your balance really is $60. The $40 hasn't cleared yet, so although your personal cheque register shows a balance of $60, the bank statement says $100 because they haven't paid the $40 cheque yet.

So while you are reconciling your account, you will need to subtract from the bank balance all cheques written that haven't gone through the bank to get your actual balance. That should equal what you have written in your chequebook

and is lodgement there in AS cuz i really haven't heard that word

unknown:
hey u r 2 gud i finally understood something in tht lesson hm lodgement word has frequently come in as level pp1 of accounts i shall look fr d ppr n tel u

***exam***:
oh Thanks :)

hmm k waiting  i have never done past pp1 acc  so didnt know :P  :-[

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