Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pattempta8066Socmid=151820&page=15 HCT E-Learning Portal 2 activities and cost drwers. The company assigns this job to you to compare the results of traditional costing approach with

image text in transcribed
Pattempta8066Socmid=151820&page=15 HCT E-Learning Portal 2 activities and cost drwers. The company assigns this job to you to compare the results of traditional costing approach with ABC wstens to make final decision to adopt the ABC system. The following data available for comparison X Y Z Production (Units) 20000 18000 24000 Raw Material per unit (RO) 1.2 0.8 14 Direct Labour per unit (RO) 1.35 1.15 1.45 Labour hours consumed 3000 3200 4800 Machine hours consumed 2500 2200 3300 Number of Times Machine set up 200 190 320 Number of Purchase order 20 22 28 Number of Deliveries to retailer 12 10 28 The total overhead costs to all the product together is as below. Amount in RO Machine Set up costs 32810 Machine Running costs 28400 4800 Delivery costs 5600 Procurement costs Answer the following multiple choice questions based on abovementioned case and activity based costing (ABC) concept In ABC system, cost object refers to: Ativity Pattempta8066Socmid=151820&page=15 HCT E-Learning Portal 2 activities and cost drwers. The company assigns this job to you to compare the results of traditional costing approach with ABC wstens to make final decision to adopt the ABC system. The following data available for comparison X Y Z Production (Units) 20000 18000 24000 Raw Material per unit (RO) 1.2 0.8 14 Direct Labour per unit (RO) 1.35 1.15 1.45 Labour hours consumed 3000 3200 4800 Machine hours consumed 2500 2200 3300 Number of Times Machine set up 200 190 320 Number of Purchase order 20 22 28 Number of Deliveries to retailer 12 10 28 The total overhead costs to all the product together is as below. Amount in RO Machine Set up costs 32810 Machine Running costs 28400 4800 Delivery costs 5600 Procurement costs Answer the following multiple choice questions based on abovementioned case and activity based costing (ABC) concept In ABC system, cost object refers to: Ativity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Statement Analysis And Earnings Forecasting In Accounting

Authors: Steven J Monahan

1st Edition

1680834509, 978-1680834505

More Books

Students also viewed these Accounting questions

Question

socialist egalitarianism which resulted in wage levelling;

Answered: 1 week ago

Question

soyuznye (all-Union, controlling enterprises directly from Moscow);

Answered: 1 week ago