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Question 1 The following information relates to GC Company for the current year: table [ [ , Common,Special,Total ] , [ Units produced, 6
Question
The following information relates to GC Company for the current year:
tableCommon,Special,TotalUnits produced,Direct material cost,RRDirect labour hours,Direct labour costs,RRNumber of setups,Number of design changes,Overhead cost:Set upDesign changes,,,OtherTotal manufacturing costs,,,
Required
Calculate the cost per unit for each product when ABC is used to calculate overhead rates with the following cost drivers:
tableActivityCost drivercostsNumber of set upsDesign changes,Number of designs changesOtherDirect labour hours
Question
Jeb uses a job costing system to charge out costs for jobs completed. Job number was completed on April with units produced for a customer, M Gidy.
Day : Material consumed per requisition A amounted to R
Day : An artisan worked hours
Day : Material consumed per requisition B amounted to R
Day : An artisan worked hours
Day : An artisan plus a labourer worked hours
Day : An artisan plus a labourer worked hours
Labour overheads of are added to the total cost.
Material overheads of are added to the total cost.
Artisan rate is R per hour.
Labourer rate is R per hour.
Required
Calculate the total job cost and the cost per unit. Present your answer in column form.
Cost and Management Accounting C ICG Page
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