D Question 37 1 pts Hen has a single production process, for which the following costs have been estimated for the period ending 31st December Year 7 GHC Material receipt and inspection costs 31.200 Power Costs 39,000 Material Handling costs 27,300 Hen makes three products-X, Y and Z. These products are made by the same group of employees, using power drills. The employees are paid GHC 8 per hour. The following budgeted information has been obtained for the period ending 31st December Year 7: Product X Product Y Product Z Production quantity (units) 2.000 1.500 800 Quantity/Batch 53.3333 200 300 For each unit of product Direct material (meters) 5 6 25 Direct material cost (GHC) 4 3 6 Direct labour (minutes) 24 40 60 Number of power drill operations (per unit) 8 5 Overhead costs are currently absorbed into the cost of production units using an absorption rate per direct labour hour. A factory-wide absorption rate is used for work in all the production departments An activity-based costing investigation has revealed that the cost drivers for the overhead costs are as follows: Material receipt and inspection number of batches of material Power: number of power drill operations Material handling: quantity of material (metres) handled. Required: Using the existing method for the absorption of overhead costing approach, calculate the production cost for Product Z GHC 37.50 GHC 14 GHC 50 GHC51.50 D Question 31 1 pts The standard cost card for a product shows the following data: Standard labour hours per unit of output is 10.5 hours and the standard rate of labour is GHS 9.25 per hour. Actual data for the just ended moth shows the following: Actual hours worked is 8875 hours at GHS 94500. If actual output was 950 units, find the labour rate variance for the month. NB: Work with 2 d.p GHS 16645 F GHS 166450 GHS 12425 F GHS 12425 U Question 29 1 pts If Ashesi decides to rent a photocopy machine for the semester, there are two courses of action available to Ashesi. The first is to pay the renting firm a base rate of GH 500 in addition to GHS0.5 per a sheet of paper photocopied. In this case, the total cost of the renting firm is a Semi-fixed cost Sunk cost Fixed cost Semi-variable cost