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Question 3 30 Marks Chineke Ltd has two production cost centers: Assembly and Cutting, and one service cost center Human resources. The following budgeted information was supplied for the next financial pernod Budgeted overhead Building repairs Cafeteria cost Factory item Cost lighting N$130 000 Maintenance of machine N$48 000 N$60 000 N$44 000 Additional information: Numbers Estimated CubicEstimated Value of Estimated employees hours Departments of labour capacity machine Buildings labour cost Human resour Assembly Cutting 20 50 140 2000 1000 1 760 oul 1 000 4 000 5 000 N$ 200 000 100 000 250 000 N$ 5 000 2 000 3 000 1 500 4 400 2 240 Other allocated overheads: Indirect materials Depreciation Departments Human resources Assembly Cutting N$18 200 N$20 000 N$24 300 N$6 000 N$6 000 N$6 000 You were further provided with the following actual overheads for the department Assemb N$ 95 500 N$ 202 200 7 000 Actual overheads Actual machine hours 6 000
Required: (a) Prepare an overhead worksheet analysis showing the allocation of all overheads (b) Re-apportion the human resource overheads to production department using the (c) Calculate the overhead absorption rate (POR) for each department in Chineke using the (d) Calculate the under-or-over absorption cost for each department (Assembly and incurred by Chineke Ltd. appropriate basis. machine hour Cutting). (21 marks) (2 marks) (2 marks) (5 marks
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