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pls answer these all questions as i have to submit today. { Assignment 6... o Assignment 6... Assignment for ACC 420 FBC & ABC Power
pls answer these all questions as i have to submit today.
{ Assignment 6... o Assignment 6... Assignment for ACC 420 FBC & ABC Power Maintenance cost Ordering cost Set ups cost Cost Driver Number of setups Number of orders Machine Hours Kilowatt hours 15000 7800 6150 4500 El activity) 400 4,000 5.000 52000 Question Lotus Ltd has identified the following overhead costs and cost drivers for next year The following is one of the jobs completed during the year Overhead Items Power Maintenance cost Ordering cost Set ups cost Cost Driver Number of setups Number of orders Machine Hours Kilowatt hours E cost) 15000 7800 6150 4500 El activity) 400 4,000 5.000 52000 Direct materials Hourly rate Units completed DLH Number of setups Number of orders Machine hours Kilowatt hours Actual overhead Product A S1200 25 125 140 4 20 250 75 S1500 Product B $1300 30 150 70 6 9 100 48 $950 1/2 The following is one of the jobs completed during the year The company's practical activity is 9800 machine hours Direct materials Hourly rate Units completed DLH Number of setups Number of orders Machine hours Kilowatt hours Actual overhead Product A $1200 25 125 140 4 20 250 75 S1500 Product B $1300 30 150 70 6 9 100 48 $950 REQUIRED Part 1 The company's practical activity is 9800 machine hours 1. Calculate the predetermined rate for the plant using FBC based on machine hours for each job 2. Calculate total product cost using FBC based on Machine hours for each job 3. Calculate the unit cost for each Product 4. Is the overhead over-applied or under-applied? Part 2 REQUIRED Part 1 5. Calculate the predetermined rate for the plant using ABC based on machine hours for each job 6. Calculate product cost under ABC. 7. Calculate the unit cost for each Product [ABC] 8. Is the overhead over-applied or under-applied under ABC? 9. Compare the result of FBC and ABC. 1. Calculate the predetermined rate for the plant using FBC based on machine hours for each jobStep by Step Solution
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