learning outcomes
• Demonstrating accuracy in accounting calculations.
• Understanding and the ability to analyse and interpret the information from the calculations undertaken.
• Breadth of quality of analyses and providing appropriate guidance to management decision-making.
Assignment questions
Brass Musical Pty Ltd manufactures brass musical instruments for use by School of Accounting students. The company uses a job costing system in which manufacturing overhead is applied based on direct labour hours. The company’s budget for the current year included the following prediction.
Budgeted total manufacturing overhead
$426,300
Budgeted total direct labour hours
20,300
