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unit 6 Twistweave simulation
AliF
New MemberRegistered Posts: 9
Hi
Has anyone done question 1.6, really struggling to understand the process account.
Have;
Dr Wages control £5,000
Dr Depreciation £7,000
Dr Premises costs £4,000
I have calculated;
overheads absorbed £18,000 (was thinking Cr work in progress)
budgeted overheads £15,000
over absorbed £ 3,000 (was thinking Dr profit and loss)
I cannot get it to balance, maybe I have calculated my overheads wrong.
Thanks
Ali
Has anyone done question 1.6, really struggling to understand the process account.
Have;
Dr Wages control £5,000
Dr Depreciation £7,000
Dr Premises costs £4,000
I have calculated;
overheads absorbed £18,000 (was thinking Cr work in progress)
budgeted overheads £15,000
over absorbed £ 3,000 (was thinking Dr profit and loss)
I cannot get it to balance, maybe I have calculated my overheads wrong.
Thanks
Ali
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