Calculate and cost driver rates

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Reference no: EM13535106

The budgeted overheads and cost driver volumes of XYZ are as follows.

Cost Pool

Budgeted
Overheads (Rs.)

Cost Driver

Budgeted Volume

Material procurement

5,80,000

No. of orders

1,100

Material handling

2,50,000

No. of movements

680

Set-up

4,15,000

No. of set ups

520

Maintenance

9,70,000

Maintenance hours

8,400

Quality control

1,76,000

No. of inspection

900

Machinery

7,20,000

No. of machine hours

24,000

The company has produced a batch of 2,600 components of AX-15, its material cost was Rs. 1,30,000 and labor cost Rs. 2,45,000. The usage activities of the said batch are as follows.

Material orders & 26, maintenance hours & 690, material movements & 18, inspection & 28, set ups & 25, machine hours & 1,800

Calculate & cost driver rates that are used for tracing appropriate amount of overheads to the said batch and ascertain the cost of batch of components using Activity Based Costing.

Reference no: EM13535106

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