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QUESTION 2 [25 MARKS] ASV (Pty) Ltd has a single production centre and has provided...

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Accounting

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QUESTION 2 [25 MARKS] ASV (Pty) Ltd has a single production centre and has provided the following budgeted information for the next period. Product A Product B Product C Total (P) Production and sales units 40,000 25,000 10,000 75,000 20 18 1, 680, 000 Direct material cost per 25 unit (P) Direct labour hours per 3, unit Machine hours per unit 2 4 2 240,000 4 3 210,000 10 25 40 25 120 160 Number of production 5 runs Number of component 15 Receipts Number of production 15 orders 10 25 50 Direct labour is paid P8 per hour. Overhead costs in the period are expected to be as follows: BWP Setup Machine Goods inwards Packing Engineering 140,000 900,000 280,000 200,000 180,000 1,700,000 Assume the following cost drivers: Setup Machine Cost driver Number of production runs Machine hours Number of receipts Number of production orders Number of production orders Goods inwards Packing Engineering Required: Calculate the unit costs for the products based on the Activity Based Method (ABC). (25 marks)

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