Answer / devendra

Expenses A/C.........
To account Payable A/C..............

Account Payable A/C........
To Bank /Cash..........

Answer / ravindra thakre

this year expences but not paid in this year so expenses
paid & this expences payable

exp.

telephone Bill Rs.-300 Bill March
Bill Paid April

Dr. Telephone Charges -300
Cr. Telephone Charges Payable -300

Then Paid Amount April

Dr. Telephone Charges Payable -300
Cr. Cash Or Bank -300

Answer / rakhi

A/C Payable A/C Dr
To Vendor A/C Cr

Answer / pradeep

salary a/c dr
salary exp payable

Answer / chandrakant

Debit A/c Dr.

To Vendore Cr.

Answer / shivakumar.c

Sundry Creditors A/c Dr
To Cash \ Bank A/c Cr

The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).

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