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QUESTION 1- PART A Required: a) Determine the companys bid if...

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Accounting

QUESTION 1- PART A
Required:
a) Determine the companys bid if the bid if volume-based costing is used and the bid is based upon full manufacturing cost plus 30 per cent. (3 marks)
b) Determine the companys bid if the bid if activity-based costing is used and the bid
is based upon full manufacturing cost plus 30 per cent. (8 marks)
c) Which product costing method produces the more competitive bid? Explain why.
(6 marks)
d) How can Microtic Manufacturing be assured that the mark up of 30% on full manufacturing cost is sufficient to cover non-manufacturing costs and desired profit? (3 marks)
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