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What is the cost per hub cap under absorption costing

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Q1 Elanden Ltd. produces 20,000 units of Product L and 20,000 units of Product M. Under activity-based costing, $120,000 of costs are purchasing-related. Each period, 240 purchase orders are produced and the number of orders used by each product is as follows:

Number of orders -

Product L 80

Product M 160

What is the per-unit activity-based cost of purchasing for Products L and M respectively?

a. $2; $4

b. $3; $3

c. $500 each

d. $6; $4

Q2 heated Tools Ltd. uses activity-based costing. It has identified three cost pools and their drivers as follows: Purchasing Quality Control Dispatch Driver Purchase orders Stores issues Deliveries Cost pool $60,000 $40,000 $30,000 Driver quantity 12,000 4,000 2,000

What is the cost driver rate for quality control?

a. $15

b. $5

c. $4

d. $10

Q3. Gyro Industries makes hub caps for the car industry. Direct materials are $12 per unit, while direct labour is $2.00 per unit. Variable overhead is $0.50 per unit and fixed overhead is $500,000 per year. Gyro produces 100,000 hub caps per year. 80,000 hub caps were sold this year. What is the cost per hub cap under absorption costing?

a. $20.75

b. $14.50

c. $19.50

d. $14.00

Reference no: EM132784131

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