Q: One of the production departments in A Ltd’s factory employs 52 direct
One of the production departments in A Ltd’s factory employs 52 direct operatives and nine indirect operatives. Basic hourly rates of pay are £14.40 and £11...
See AnswerQ: Just-in-Time (JIT) manufacturing and inventory systems
Just-in-Time (JIT) manufacturing and inventory systems have been operated by many companies to reduce manufacturing time, reduce waste and ultimately increase profitability. The JIT concept is based o...
See AnswerQ: Almost all beer contains four basic ingredients – a grain (typically
Almost all beer contains four basic ingredients – a grain (typically barley), water, hops and yeast. While the process of brewing can be complex and some ingredients varied, the basic process is quite...
See AnswerQ: A manufacturing company has prepared the following budgeted information for the forthcoming
A manufacturing company has prepared the following budgeted information for the forthcoming year: £ Direct material ………………………………………………………………………… 800 000 Direct labour …………………………………………………………………………… 20...
See AnswerQ: A company produces several products which pass through the two production departments
A company produces several products which pass through the two production departments in its factory. These two departments are concerned with filling and sealing operations. There are two service dep...
See AnswerQ: A large firm of solicitors uses a job costing system to identify
A large firm of solicitors uses a job costing system to identify costs with individual clients. Hours worked by professional staff are used as the basis for charging overhead costs to client services....
See AnswerQ: Industrial Solvents Limited mixes together three chemicals – A, B and
Industrial Solvents Limited mixes together three chemicals – A, B and C – in the ratio 3:2:1 to produce Allklean, a specialized anti-static fluid. The chemicals cost £8, £6 and £3.90 per litre respect...
See AnswerQ: ABC plc operates an integrated cost accounting system and has a financial
ABC plc operates an integrated cost accounting system and has a financial year which ends on 30 September. It operates in a processing industry in which a single product is produced by passing inputs...
See AnswerQ: BEC Limited operates an absorption costing system. Its budget for the
BEC Limited operates an absorption costing system. Its budget for the year ended 31 December shows that it expects its production overhead expenditure to be as follows: During the year it expects to...
See AnswerQ: A company produces a single product from one of its manufacturing processes
A company produces a single product from one of its manufacturing processes. The following information of process inputs, outputs and work in progress relates to the most recently completed period: k...
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