Question

In: Accounting

Seeb Hospital provides the following information for the year of 2018. Dept. E Dept. F Dept....

Seeb Hospital provides the following information for the year of 2018.

Dept. E Dept. F Dept. G Dept. H

Budgeted Hours

10,000 8,000 21,000 1,000

Actual Hours

12,000 8,000 22,0 1,200

Yearly maintenance hours

40,000

Allocation Rate

Budgeted maintenance hours

Maintenance costs: Fixed

OMR5,400,000 yearly

Variable OMR30 per maintenance hour

(9 Marks

(0)

Calculate the amount of maintenance cost budgeted for each department assuming

a single-rate cost-allocation method was used

Expert Solution


COMPUATATION OF BUDETED FIXED OVERHEAD RATE
	NUMERATOR	∕	DENOMINATOR	=	RESULT
	TOTAL BUDGETED COST	∕	MAINTENANCE HOURS	=	FIXED OVERHEAD RATE
OMR	5,400,000.00	∕	40000	=	135.00


COMPUTATION OF MAINTENANCE COST BUDGETED FOR EACH DEPARTMENT
	DEPT E	DEPT F	DEPT G	DEPT H
OVERHEAD	OVERHEAD RATE	MAINTENANCE HOURS	OVERHEAD COST	OVERHEAD RATE	MAINTENANCE HOURS	OVERHEAD COST	OVERHEAD RATE	MAINTENANCE HOURS	OVERHEAD COST	OVERHEAD RATE	MAINTENANCE HOURS	OVERHEAD COST
			OMR			OMR			OMR			OMR
VARIABLE COSTS	30	10000	300,000.00	30	8000	240,000.00	30	21000	630,000.00	30	1000	30,000.00

FIXED COSTS	135	10000	1,350,000.00	135	8000	1,080,000.00	135	21000	2,835,000.00	135	1000	135,000.00

TOTAL MAINTENANCE COST			1,650,000.00			1,320,000.00			3,465,000.00			165,000.00

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