PLEASE HELP NEED IT NOW

Data for the cost of direct materials for the month of March 31^st 2021 are as follows:

RM

Materials inventory, march 1, 2021 76,000

Materials inventory, march 31, 2021 70,000

During March, the company purchased RM260,000 of raw materials on account (or on credit) from Khalid company and RM92,000 of raw materials for cash from Abu company.

Compute the cost of direct materials used during the month of March 2021.

(6 marks)

Question 2 (B)

Michael Manufacturing has five activity cost pools and two products (a normal tape vacuum and a deluxe tape vacuum). Information is presented below:-

Estimated Cost Drivers by Product

Activity Cost Pool Cost Driver Overhead normal deluxe

RM

Ordering and Receiving Orders 130,000 600 400

Machine Setup Setups 297,000 500 400

Machining Machine hours 1,000,000 150,000 100,000

Assembly Parts 1,600,000 1,200,000 800,000

Inspection Inspections 300,000 550 450

Required:

Compute the overhead cost per unit for each product. Production is 700,000 units of Normal and 200,000 units of Deluxe.