Assignment Question(s): (Marks 5) 1 KK Corporation uses the following activity rates from its...
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Accounting
Assignment Question(s): (Marks 5)
1 KK Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products. (1.5 Marks)
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
Required: a. How much overhead cost would be assigned to Product A using the company's activity-based costing system? Show your work! b. How much overhead cost would be assigned to Product B using the company's activity-based costing system? Show your work! Answer
Q.2 In August 2021, MAK 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? [1 marks]
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