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i need a part b solution fastly plz 12:40 Comprehensive... U LV Question Activity based Costing Lotus Ltd has identified the following overhead costs and
i need a part b solution fastly plz
12:40 Comprehensive... U LV Question Activity based Costing Lotus Ltd has identified the following overhead costs and cost drivers for next year Overhead lioms Ecost) Setups cost 90,000 Ordering Cost 50,000 Maintenance cost 150,000 Power 30,000 Cost Driver El actual transactions Number of setups 400 Number of orders 4,000 Machine Hours 25,000 Kilowatt hours 25,000 The following is one of the jobs completed during the year Direct materials Direct Labor Units completed DLH Number of setup Number of orders Machine hours Kilowat hours Actual overhead Job 700 $1200 5000 250 40 2 10 50 60 $2500 Job 701 S600 $400 100 20 1 4 40 25 $1250 The company's practical activity is 5000 DHL REQUIRED PARTA 1. Calculate the predetermined rate for the plant using ABC costing for job 700 2. Calculate the applied cost for Job 700 3. Calculate total product cost using ABC for job 700 4. Calculate the unit cost for job 700? 5. Is the overhead over-applied or under-applied SOLUTION 1. How to calculate PR using ABC PR for set up cost-Budgeted cost 7 budgeted activity 90,000 400-5225 PR for ordering cost-50,000/4000 - 512.50 PR for maintenance cost-150,000 25.000 56.00 PR for power - 30000 75000 - 50.40 2. APPLIED COU 12:39 Instagram Comprehensive... U N 2. APPLIED COST for Job 700 Set up cost - 225 x 2 - 5450 Ordering Cost -12.50 x 10-$125 Maintenance Cost 6x50 - $100 Power -0.40 x 60-524.00 Applied Cost -450-125 300-24-5899.00 3. Total Product Cost Direct Material -1200 Direct Labour - 900 Applied Cost Product Total cost-2.999 4. UNIT COST TPC -$2990 Units produced - 250 units Unit Cos - SH30 12999 250 3 Applied cost (over or under applied Applied Cost -5899 Actual Cost-2500 Since Actual applied.cost has been under applied by 51601 2500-001 CLASS WORK PARTB REQUIRED 6. Calculate the predetermined rate for the plant using ABC costing for job 701 7. Calculate total product cost using ABC for job 701 8. Calculate the unit cost for job 2017 9. Is the overhead over-applied or under-applied Step by Step Solution
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