Panga Resis Question 7 1 pts 11 HEN wing costs have been HEN has a single production process, for which the following costs estimated for the period ending 31st December Year 7: GH Material receipt and inspection costs 31,200 Power costs 39,000 Material handling costs 27.300 HEN makes three products - X Y and Z. These products are made by group of employees, using power drills. The employees are paid GHER The following budgeted information has been obtained for the periode December Year 7: Product Product Prode made by the paid GH perto orlod ending Production quantity (units) Batches of material 2,000 10 1,500 For each unit of product *UOI For each unit of product: Direct material (metres) Direct material cost (GHC) Direct labour (minutes) Number of power drill operations (per unit) Overhead costs are currently absorbed into the cost of production units using absorption rate per direct labour hour. A factory-wide absorption rate is used to work in all the production departments An activity based costing investigation has revealed that the cost drivers for the overhead costs are as follows: Material receipt and inspection number of batches of material Power: number of power drill operations Material handling: quantity of material (metres) handled. Required: Calculate the Prime cost for Product X GHC 7.20 GHC 12 GHC 196 Calculate the prime cost for product GHC 43 GHC 323 GHC 11 GHC 8.33