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Question - Apply the logic of an ABC cost hierarchy: ABC Ltd Produces Mathematical and Financial Calculators. Data related to the two products are presented below:
Particulars
Mathematical
Financial
Annual production in units
45,000
90,000
Direct material costs
$180,000
$360,000
Direct Manufacturing labour costs
$90,000
Direct Manufacturing labour hours
2500
5000
Machine-hours
30,000
60,000
Number of production run
45
Inspection hours
1200
600
Both products pass through Department 1 and Department 2. The department combined manufacturing overhead costs are;
Costs Total
Machining $360,000
Setup 108,000
Inspection 117,000
Required -
1. Compute the manufacturing overhead cost per unit for each product.
2. Compute the manufacturing cost per unit for each product.
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