North American Colleges of Information Technologies Managerial Accounting and Finance Assignment on Short Term Decision making Student Name _________________________ Student ID ____________________ (Total Marks 50) You have to prepare the solutions for the following problems. MS Excel should be used preparing solution. Hints and references of relevant lectures are also provided for each question. Q.1 Marks 25 The companys Accounting Department reports the following costs of producing 16,000 units of the wheels internally each year: Per Unit 16,000 Units Direct Materials 12 192,000.00 Direct Labor 8 128,000.00 Variable overheads 2 32,000.00 Supervisor's Salary 6 96,000.00 Depreciation of Special Equipment 4 64,000.00