Luboh Pty Ltd identified the following overhead costs and cost drivers for the current period. Luboh produces computer parts CX-12, CX-13 and CX-14 that move through several different processes. Materials and intermediate products are moved among several different machinery areas. Custom features are designed by engineers. Estimated cost estimated activity level $ 50,000 500 Activity Cost driver Machine set-up Number of set-ups Materials handling Times materials moved Product design Design hours Inspection Number of inspections $ 175,000 16,500 $ 90,000 2,000 $ 200,000 3,000 Total cost $ 515,000 Information for three of the jobs completed during the period follows. CX-12 CX-13 CX-14 Direct materials $10,000 $24,000 $16,000 $8,000 Direct labour $4,000 $4,000 200 100 400 2 4 8 Units completed Number of set-ups Number of times materials are moved Number of inspections Number of design hours 60 20 100 40 20 60 20 100 20 a. Required If the business uses Activity Based Costing, how much overhead cost should be assigned to CX-12? b. If the business uses Activity Based Costing, calculate the cost per unit for CX-13. How might Luboh Pty Ltd benefit from the use of time-driven ABC? C. Luboh Pty Ltd identified the following overhead costs and cost drivers for the current period. Luboh produces computer parts CX-12, CX-13 and CX-14 that move through several different processes. Materials and intermediate products are moved among several different machinery areas. Custom features are designed by engineers. Estimated cost estimated activity level $ 50,000 500 Activity Cost driver Machine set-up Number of set-ups Materials handling Times materials moved Product design Design hours Inspection Number of inspections $ 175,000 16,500 $ 90,000 2,000 $ 200,000 3,000 Total cost $ 515,000 Information for three of the jobs completed during the period follows. CX-12 CX-13 CX-14 Direct materials $10,000 $24,000 $16,000 $8,000 Direct labour $4,000 $4,000 200 100 400 2 4 8 Units completed Number of set-ups Number of times materials are moved Number of inspections Number of design hours 60 20 100 40 20 60 20 100 20 a. Required If the business uses Activity Based Costing, how much overhead cost should be assigned to CX-12? b. If the business uses Activity Based Costing, calculate the cost per unit for CX-13. How might Luboh Pty Ltd benefit from the use of time-driven ABC? C