Help please!!
System
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I have a few questions and i would be very grateful if anyone can help me out:
1. If holiday pay and sick pay is paid at basic hourly rate,Will they be treated as indirect wages?
2. Is Training treated as indirect wage?
3. Which side does Bank current account and Bank deposit account go in the trial balance? Debit or credit?
4. In the costing simulation there is a task about reapportionment between cost centres and For the supplying of vending machines it says that £3600 between 18 employees for 2005-2006,Each year this increases by 10% and our simulation is 2006-2007, It also says this will effect the total budgeted cost overhead.
This question looks tricky because it doesnt tell you exactly on what basis to apportion. Im thinking to add 10% to £3600 and then apportion using the total overhead figures given to each of the cost centres. WHat do you think?
1. If holiday pay and sick pay is paid at basic hourly rate,Will they be treated as indirect wages?
2. Is Training treated as indirect wage?
3. Which side does Bank current account and Bank deposit account go in the trial balance? Debit or credit?
4. In the costing simulation there is a task about reapportionment between cost centres and For the supplying of vending machines it says that £3600 between 18 employees for 2005-2006,Each year this increases by 10% and our simulation is 2006-2007, It also says this will effect the total budgeted cost overhead.
This question looks tricky because it doesnt tell you exactly on what basis to apportion. Im thinking to add 10% to £3600 and then apportion using the total overhead figures given to each of the cost centres. WHat do you think?
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Comments
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Re:Help please!!
Assuming the bank accounts have money in them, and are not in an overdraft, they're a debit balance (an asset).
If the account is overdrawn, you owe money to the bank, so its a credit balance (liability).
My memory of the costing unit has gone a bit fuzzy since i did it back in december, so i cant help you there - or i could, but would risk being wrong.0 -
Re:Help please!!
oh thanx alot!!!!!!0 -
Re:Help please!!
Hiya,
With regards to your costing queston.
Training e.t.c will be treated as indirect labour. (UNLESS THE SIMULATION SAYS OTHERWISE!)0