can u please do question: part1 (Q.5) and part2 (Q.6) ASAP. it will be very helpful for me.
QUESTION 2 ABC problem Company LSD LTD has 4 types of overhead. The four categories and expected costs for each category for next year related below Company LSD LTD 5150.000 590,000 activity.com Setups cost Inspection cost Maintenance cost Material Handling cost Actual overhead Cost $120,000 $82.000 $30,000 Estimates for the proposed job ob 123 are as follows Direct Materials $6.000 DL 11000 hours $10.000 Machine Hours (maintenance cost 500 of material moves 12 of setup 5 of inspections 10 Units produced 240 The company has been asked to submit a bid for a proposed. The plant manager thinks getting this job would result in urbess in future years. Usually bids are based upon full mancing cent plus 20% In the past, full manufacturing cost has been calculated by allocating overhead uning volume based cont driver Out The plant manager has heard of a new way of applying overhead that we cos pools and cost drivers Expected activity for the four activity Based cost drivers that would be used are Cost Drivers Machine Hours Material Moves Setups 15.000 4.600 2.500 Quality inspections 5.000 Required: Part 1. Calculate the Gal based costing Cost Drivers Machine Hours 15,000 4600 Material Moves Setups 3.500 Quality Inspections 5.000 Required: Part 1 1. Calculate the predetermined rates using the Functional based costing 2. Determine the amount of overhead that would be applied to the proposed project if Functional based costing method is used 3. Determine the total cost of the proposed job using ABC 4. Calculate the unit cost using FC 5. What bid price is the company going to use according to its Fec policy? Part 2 1 Calculate the predetermined rates using the activity based costing - 2 Determine the amount of overhead that would be applied to the proposed project if activity based drivers are used 3 Determine the total cost of the proposed using ABC 4 Calculate the INCARE 5 What bid price is the company going to use according to its policy? 6 Has the company over-applied or under-applied using FBC and ABC? How did you come to this conclusion? Question 3 Theory Questio