Note : Required answers with workings

Acrolein Company is a wholesaler specialising in packaging bulk drugs in standard dosages, for local hospitals. The company has been in business for seven years and has been profitable since its second year of operation. Samantha Black, the assistant accountant, installed a standard costing system after joining the company three years ago. Sydney Children's Hospital (SCH) has asked Acrolein to bid on the packaging of 1,000,000 doses of medication at total product cost plus a maximum markup on total cost of 15%. SCH defines 'total product cost as inch din" all variable costs of performing the service, a reasonable amount of fixed overhead and reasonable administrative costs. The hospital will supply all packaging materials and ingredients. Samantha has accumulated the following information prior to the preparation of the bid: Use these cells for vorking calculations if desired. Remember to alvags cell reference Question data Total number of doses to be produced Maximum markup on total cost Direct labour [cost per direct labour hou Wariable overhead (cost per direct labour hour Fixed overhead [cost per direct labour hour Incremental administrative cost [for the order Production rate [doses per DLH 1,000,000 15.0% $24.00 $18.00 $30.00 3.000 2.000 REOUIRED 1. Calculate the minimum price per dose that Acrolein could bid for the SCH job without reducing Acrolein's profit. ENTRY 1 2. Calculate the bid price per dose using total product cost and the maximum markup specified by SCH. ENTRY 2