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2 marksLabour Costing and Remuneration

CAPE Accounting Unit 2 · 2008 · Paper 2 · Question 1(a)(ii)

Cox Manufacturing Company produces seat belts, producing 60,000 seatbelts in the year just ended with given cost details for materials, wages, salaries, and other factory/period expenses.

Compute total indirect labor.

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Other parts of this question

  1. 1(a)(i)Compute total direct materials.[2 marks]
  2. 1(a)(iii)Compute total factory overhead.[3 marks]
  3. 1(a)(iv)Compute total product cost.[2 marks]
  4. 1(a)(v)Compute total period cost.[2 marks]
  5. 1(a)(vi)Compute total variable manufacturing cost.[2 marks]
  6. 1(b)(i)Assuming that Cox Manufacturing Company has the production capacity to fill this order without affecting existing production, list the categories of costs that…[2 marks]
  7. 1(b)(ii)Cox Manufacturing will not accept the order if the company will be worse off financially by so doing. Calculate the minimum price that Cox Manufacturing…[3 marks]
  8. 1(c)(i)Calculate the allocation rate for EACH service department.[3 marks]
  9. 1(c)(ii)Calculate the amount of overhead cost that will be assigned to EACH operating department.[14 marks]

More practice: the rest of this paper · more Labour Costing and Remuneration questions · all CAPE Accounting Unit 2 past papers