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Metalia (Pty) Ltd is a local company that specialises in manufacturing metal furniture. The following...

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Accounting

Metalia (Pty) Ltd is a local company that specialises in manufacturing metal furniture. The following budgeted information for the financial year ended 31 December 2022 has been provided: R Insurance cost 24 890 Canteen costs 101 493 Direct Manufacturing overheads: Welding 2 500 000 Painting 1 590 000 Indirect labour Medical Check-ups 18 482 Basis of allocation Welding Painting Cleaning Medical Check-ups Area m2 50 65 35 40 Number of employees 60 15 4 2 Additional information: Welding and Painting are manufacturing departments whereas Cleaning and Medical Check-up cost centres are service departments. Metalia (Pty) Ltds service department costs are allocated to the manufacturing - and service cost centres on the following basis and in the following sequence: First: Medical Check-ups is allocated using the number of employees. Second: Cleaning is allocated using floor area (m2)) 6 HMAC230-1-Jan-June2023-SA1-V2-SK-12122022 REQUIRED: Perform the primary and secondary allocations of overheads for all the service and manufacturing departments of Metalia (Pty) Ltd for the financial year ended 31 December 2022. Present your answers in a tabulated format. Show all calculations. Round to the closest whole number, where applicable. (19 marks)

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