Reference no: EM133014463
Question - A company manufactures two products, Land M, using the same equipment and similar processes. An extract of the production data for these products in one period is shown below.
L M
Quality produced (units) 5,000 7,000
Direct labour hours per unit 1 2
Machine hours per units 3 1
Set-up in the period 10 40
Orders handled in the period 15 60
Overhead costs
Relating to machine activity 220,000 Relating to production run set-ups 20 000 Relating to handling of orders 45,000
285,000
Required -
A. Calculate the production overheads to be absorbed per unit of each product based on an ABC approach using suitable cost drivers.
B. Outline the four stages of the ABC process.
C. State Two advantages and two disadvantages of the ABC System.
|
Determine the number of units
: Use this information to determine the number of units that were transferred from the Work in Process. Round answer to closest dollar
|
|
Determine the outcome of a futures hedge
: The September Australian dollar futures contract was priced at $0.7571. Determine the outcome of a futures hedge
|
|
How much was total non-current assets
: Total non-current asset was P195,000. Working capital during the year was P50,000. How much was total non-current assets
|
|
Determine which option is better for alloils limited
: The company uses the straight line method for depreciation. Assume a tax rate of 30%. Determine which option is better for AllOils Limited
|
|
Calculate the production overheads to be absorbed per unit
: Calculate the production overheads to be absorbed per unit of each product based on an ABC approach using suitable cost drivers
|
|
What is the total of fixed costs
: A break-even chart shows maximum unit sales at 5,000 at £100 each, maximum profit of £1000,000, What is the total of fixed costs
|
|
What the Zwick Company dividend revenue
: Zwick Company bought 25.500 shares oftl'le voting common stock of Handy Corporation in January 2021. What the Zwick Company dividend revenue
|
|
Examine understanding and application of international trade
: Examine understanding and application of international trade and FDI theories as well as other knowledge learnt from this course
|
|
Determine the Balance of Trade in Item Account
: A new Escapade costing P700,000 was sold on October 1, 2020 for P1,060,000. Determine the Balance of Trade in Item Account
|