Question 2 (5 marks) Company S specializes in the production of brass musical instruments for students. In the first quarter of 202N, the company produced 2 batches of products: order A46 (46 trumpets of class A) and order B10 (10 trumpets of class B). There were transactions arising in the quarter as follows: (Figure in: $)
1. Raw materials were used in production for A 46: 25 kg copper tube, unit price 70/kg, for B10: 100kg copper tube, unit price 100/kg.
2. Raw materials were used in production 10 liters of fuel, unit price 18/liter
3. Based on the quarterly labor sheet: - Direct working time: Order A46: 800 hours, unit price 50/hour Order B10: 900 hours, unit price 50/hour - Indirect labor costs: Workshop staff: 5000 Workshop manager salary: 9000
4. Factory and equipment depreciation: 12000
5. Warehouse rent in the quarter: 2000
6. Electricity and water used in the workshop: 2100
7. Order A46 was completed during the quarter. Half of the class A trumpets sold in the quarter for 800/piece, 10% VAT.
The company allocates manufacturing overhead according to direct labor time. Predetermined manufacturing overhead is 426,300, and direct labor time is estimated at 20.300 hours.
Required: 2.1. Determine the predetermined manufacturing overhead rate for each order?
2.2. Make a job cost sheet for order A46?
2.3. Determine the Manufacturing Overhead underapplied or overapplied and record it into the T account