pls ans questions of Part 1 as i hv to submit this today

QUESTION 2 LTE Units produced 240 ABC problem Company LSD LTD has 4 types of overhead. The four categories and expected costs for each category for next year are listed below Company LSD LTD The company has been asked to submit a bid for a proposed job. The plant manager thinks getting this job would result in new business in future years. Usually bids are based upon full manufacturing cost plus 30%. In the past, full manufacturing cost has been calculated by allocating overhead using volume based cost driver [(DLH). The plant manager has heard of a new way of applying overhead that uses cost pools and cost In the past, full manufacturing cost has been calculated by allocating overhead using volume based cost driver (DLH). The plant manager has heard of a new way of applying overhead that uses cost pools and cost drivers. Expected activity for the four activity based cost drivers that would be used Activity cost Setups cost $150,000 are : Inspection cost $90,000 Maintenance cost $120,000 Material Handling cost $ 82,000 Actual overhead Cost $30,000 Estimates for the proposed job (Job #23] are as follows Direct Materials $6,000 $10,000 DL (1000 hours) Cost Drivers Machine Hours (maintenance cost) 500 Machine Hours 15,000 # of material moves 12 Material Moves 4,600 # of setups 5 Setups 3,500 10 Quality Inspections 5,000 # of inspections Units produced 240 Required: Part 1 1. Calculate the predetermined rates using the Functional based costing The company has been asked to submit a bid for a proposed job. The plan manager thinks getting this job would result in new business in future years. Usually bids are based upon full manufacturing cost plus 30%. 2. Determine the amount of overhead that would be applied to the proposed project if Functional based costing method is used 3. Determine the total cost of the proposed job using ABC In the past, full manufacturing cost has been calculated by allocating overhead using volume based cost driver [(DLH). The plant manager has heard of a new way of applying overhead that uses cost pools and cost 4. Calculate the unit cost using FBC In the past, full manufacturing cost has been calculated by allocatin overhead using volume based cost driver (DLH). The plant manager heard of a new way of applying overhead that uses cost pools and co drivers. 5. What bid price is the company going to use according to its FBC policy? Expected activity for the four activity based cost drivers that would be used 4 of 5