Accounts and CA
This query is : Resolved
12 December 2023
Tasman Products, Limited, of Australia has a Maintenance Department that services the equipment in the company’s Forming Department and Assembly Department. The cost of this servicing is charged to the operating departments on the basis of machine-hours. Cost and other data relating to the Maintenance Department and to the other two departments for the most recent year are presented below.
Data for the Maintenance Department follow:
Budget Actual
Variable costs for lubricants $ 332,200* $ 425,860
Fixed costs for salaries and other $ 212,000 $ 228,200
*Budgeted at $22 per machine-hour.
Data for the Forming and Assembly Departments follow:
Percentage of Peak-Period Capacity Required Machine-Hours
Budget Actual
Forming Department 71% 10,000 12,000
Assembly Department 29% 5,100 4,100
Total 100% 15,100 16,100
The level of fixed costs in the Maintenance Department is determined by peak-period requirements.
Data for the Maintenance Department follow:
Budget Actual
Variable costs for lubricants $ 332,200* $ 425,860
Fixed costs for salaries and other $ 212,000 $ 228,200
*Budgeted at $22 per machine-hour.
Data for the Forming and Assembly Departments follow:
Percentage of Peak-Period Capacity Required Machine-Hours
Budget Actual
Forming Department 71% 10,000 12,000
Assembly Department 29% 5,100 4,100
Total 100% 15,100 16,100
The level of fixed costs in the Maintenance Department is determined by peak-period requirements.
21 January 2024
https://www.chegg.com/homework-help/questions-and-answers/tasman-products-limited-australia-maintenance-department-services-equipment-company-s-form-q126045283
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