Mathematics · Cost Accounting and Coding
The overhead expenses of Machining Co are coded using a five-digit system based on Cost Centre (first two digits) and Type of Expense (last three digits) as shown below: Cost Centre (Code): Machining (10), Finishing (11), Packing (12), Stores (13), Maintenance (14) Type of Expense (Code): Indirect material (410), Depreciation of production machinery (420), Indirect wages (430), Maintenance materials (440), Machine hire costs (450), Depreciation of non-production equipment (460) For example, the code for hire costs of a packing machine is 12450. What is the correct code for indirect materials issued to the machining department?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 113440
- 213410
- 310440
- 410410✓
Correct answer
10410
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