A 50% Case 10 - Word galdo gaspar GG a File Home Insert Mailings Review View Help Tell me what you want to do Share X Cut Draw Design Layout References Calibri (Body) -11 A A A - A A BI Unhe X, XA E... ** 41 copy AaBbCcDc AaBbCcDc AaBbcc AaBbccc AaB 1 Normal 11 No Spac... Heading 1 Heading 2 Title Find aReplace Select Editing V Paste Format Painter Clipboard Font Paragraph Styles TOPIC - PRODUCT COSTING Case 12 Costing and Pricing The controller of Bacolod General Hospital has recently decided to set prices for laboratory tests using the formula based on costs. She has analysed each type of test as follows: Class of Test Time Required Number Performed in Ave Year I II III 12 minutes 15 minutes 30 minutes 38,000 17,000 9,000 Variable costs are negligible. The controller believes all lab technicians are salaried, it is best to treat their salaries as overhead costs. Total annual overhead costs are P960,000 Required: 1. Calculate a predetermined overhead rate per minute. Round off to nearest P0.001 2. Determine the price cach class of test that will make the laboratory break-cven. Round off to nearest cent. 3. Suppose that the laboratory performs 37,000 Class I, 17,000 Class II, and 10,000 Class III tests. Total costs are P965,000. Determine profit or loss. Page 3 of 12 words English (United Kingdom) + 100% W ENG UK 9:13 PM 10/31/2021