How much overhead cost would be assigned to product a

Assignment Help Managerial Accounting

Reference no: EM133496892

Assignment: Managerial Accounting

Question I. KK Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products.

Activity Cost Pools	Activity Rate
Setting Up Batches	SAR 83.75 Per Batch
Assembling Products	SAR 2.88 per assembly hours
Processing Customer orders	SAR 50.41 per Customer order

Data concerning two products appear below:

Particulars	Product A	Product B
Number of Batches	34	41
Number of Assembly Hours	105	824
Number of Customer orders	17	38

Task

Question 1. How much overhead cost would be assigned to Product A using the company's activity-based costing system? Show your work!

Question 2. How much overhead cost would be assigned to Product B using the company's activity-based costing system? Show your work!

Question II. In August 2021, ABC Co. incurred total cost of SAR 29,000 and made 3,100 units. In November 2021, it produced 1,600 units and total costs were SAR 20,000. What are the total fixed cost and average variable cost?

Question III. Ahmed Corporation manufactures umbrellas. The cloth used in one umbrella costs $ 15. The corporation rents a manufacturing factory for a monthly rent of $ 275. Prepare a table showing the Total Fixed Cost, Total Variable cost, Total Cost and Average Fixed Cost, Average Variable Cost, and Average Cost for three different levels of production. (No. of units at three different levels can be chosen by you).

Question IV. Identify three differences between job order costing and process costing?

Reference no: EM133496892

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