Q3.ABC corporation applying normal costing system has provided the following data from its activity-based costing...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Q3.ABC corporation applying normal costing system has provided the following data from its activity-based costing system as follows: (Amounts in SAR) [3 Marks]
Activities
Estimated Overhead Costs
Expected Cost Drivers Quantities
Cost Drivers
Assembly
120,500
10,000
Number of Machine Hours
Processing Orders
80,500
7,000
Number of Orders
Inspection
75,500
5,000
Number of Inspection Hours
Total
276,000
22,000
Actual Data concerning the company's product X appears below:
Annual unit production and sales 500 units
Annual machine hours 5,000
Annual number of orders 4,500
Annual inspection hours 3,000
Direct material cost 150 per unit
Direct labor cost 100 per unit
Required:
Compute total costs per unit for the product X using activity-based costing system [3 Marks]
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
