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Adom Manufacturers Limited has recently introduced an Activity Based Costing System and has provided the following details for the month of January:
Cost Pool Overhead Cost
GH¢
Parts 10,000
Maintenance 18,000
Stores 10,000
Administration 2,000
You have ascertained the following activity information:
Number of employees 40
Total number of parts 500
Number of materials requisitions 20
Maintenance hours 600
During the month, 500 units of Product Y were produced. This production run required 100 parts and 150 maintenance hours; 5 material requisitions were made and 10 employees worked on the units.
Required:
Question i. Using maintenance hour for the absorption of overheads, calculate the overhead cost per unit of product Y
Question ii. Using Activity Based Costing, calculate the total amount of overhead absorbed by each unit of Product Y.
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