Category > AccountingPosted 21 Dec 2017My Price10.00
absorption costing and ABC costing
Can you answer this please?? It's related to managerial accounting, absorption costing and ABC costing
Thanks!
1 Semester 1 2016 ACCT204 Managerial Accounting A Assessment task 2 - Group Assignment 25%. The group will consist of 4 students.Groups less than 4 students will need to be approved by the lecturer/tutor. The main purpose of this assignment is to assess the student’s ability of conducting an extensive case study covering several of the topics in this unit, team working and communication skills. Due date:Week 9 (6 May 2016, 17:00). How to submit:A copy of the assignment must be uploaded onto LEO through Turnitin system with the file name as ACCT204_groupNumber.docx.The similarity index report from the Turnitin is considered for marking purpose. Assignment Question: The following budgeted information relates to ABC Ltd for the forthcoming period: Product X Product Y Product Z Sales and production (units) 50,000 units 40,000 units 30,000 units Selling price (per unit) $45 $95 $73 Prime cost (per unit) $32 $84 $65 Hours Hours Hours Machine department (machine hours per unit) 2 5 4 Assembly department (direct labour hours per unit) 7 3 2 Overheads allocated and apportioned to production departments (including service cost centre costs) were to be recovered in product costs as follows: 1. Machine department at $3.50 per machine hour, 2. Assembly department at $1.20 per direct labour hour. The management ascertains that the above overheads could be re-analysed into ‘cost pools’ as follows: Cost pool Cost driver Quantity for the period Machining services $357,000 Machine hours 420,000 Assembly services $318,000 Direct labour hours 530,000 Set-up costs $30,000 Set-ups 530 Order processing $156,000 Customer orders 32,000 Purchasing $84,000 Supplier orders 11,200 Total $945,000 The management has also provided you with the following estimates for the period:
