K Machine department costs (rent, business rates, depreciation and supervision) 10,430 Set-up costs 5,$2.50 Stores receiving 3,600 Inspection/Quality control Materials handling and dispatch 2,100 4,620 26,000 You have ascertained that the 'cost drivers' to be used are as listed below for the overhead costs shown: Cost Set-up costs Stores receiving Inspection/quality control Materials handling and dispatch Cost driver Number of production runs Requisition raised Number of production runs Orders executed The number of requisitions raised on the stores was 20 for each product and the number of orders executed was 42, each order being for a batch of 10 of a product. REQUIRED; 1 2 Calculate the total costs for each product if all overhead costs are absorbed on a machine hour basis. Calculate the total costs for each product, using activity-based costing. 3 Calculate and list the unit product costs from your figures in items 1 and 2 above. QUECTION K Machine department costs (rent, business rates, depreciation and supervision) 10,430 Set-up costs 5,$2.50 Stores receiving 3,600 Inspection/Quality control Materials handling and dispatch 2,100 4,620 26,000 You have ascertained that the 'cost drivers' to be used are as listed below for the overhead costs shown: Cost Set-up costs Stores receiving Inspection/quality control Materials handling and dispatch Cost driver Number of production runs Requisition raised Number of production runs Orders executed The number of requisitions raised on the stores was 20 for each product and the number of orders executed was 42, each order being for a batch of 10 of a product. REQUIRED; 1 2 Calculate the total costs for each product if all overhead costs are absorbed on a machine hour basis. Calculate the total costs for each product, using activity-based costing. 3 Calculate and list the unit product costs from your figures in items 1 and 2 above. QUECTION