Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Q Search Vin o to qu... DE SO: 02 Ngy th: 22/4/ 2022 Thi gian lm bi: 75 pht Cathi: 1 Cu 1 (5
Q Search Vin o to qu... DE SO: 02 Ngy th: 22/4/ 2022 Thi gian lm bi: 75 pht Cathi: 1 Cu 1 (5 diem): AD Lad. produces tables for school. In July the overheads costs of AD were as follows; O Maintenance cost: $60,000 (allocate based on machine hours 4,000 hours) O Material handling cost: $10,000 (allocated based on 1,000 material moves) - O Setup cost: $30,000 (allocated based on number of setup, 600) O Quality cost: $9,000 (allocated based on the inspection, 50) In July AD Ltd. prepared a bid for a local school. The information of the bid is as follows: Material cost: $7,000; Labour cost: $12,000 Machine hours: 200, material moves: 60; setup: 30; inspection: 20 Required: (i) what is the cost of the bid? (ii) If (profit) markup is 75%, what is the hid price? (iii) when AC may increase the markup to earn more profit? Cu 2 (5 diem): AZ Ltd. produces frames for retailers. Every frame passes through 2 departments: the assembly department and finishing department. During March 2022, costs incurred in the assembly department as follows: March 1, 2022: 60 units, with the degree of completion of 100% material costs, 40% conversion costs. . During March 2022, 510 units received and started. $17,850 material costs. $11.592 conversion costs were incurred in March 2022 March 31, 2022: 120 units remained, with the degree of completion of 100% material costs, 15% conversion costs Required: 50 N $ 54 4 MacBook Air & " 00 6
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started