Question $1$

The following information relates to GC Company for the current year:

$\backslash$table$[[,$Common,Special,Total$],[$Units produced,$6000,2000,],[$Direct material cost,R$60000,$R$100000,160000],[$Direct labour hours,$6000,4000,],[$Direct labour costs,R$60000,$R$80000,140000],[$Number of set$-$ups,$40,40,],[$Number of design changes,$12,8,],[$Overhead cost:$,,,],[$Set up$,,,80000],[$Design changes,,,$140000],[$Other$,,,580000],[$Total manufacturing costs,,,$]]$

Required

Calculate the cost per unit for each product when ABC is used to calculate overhead rates with the following cost drivers:

$\backslash$table$[[$Activity$,$Cost driver$],[$costs$,$Number of set ups$],[$Design changes,Number of designs changes$],[$Other$,$Direct labour hours$]]$

Question $2$

Jeb uses a job costing system to charge out costs for jobs completed. Job number $49$ was completed on $28$ April with $1500$ units produced for a customer, M$.$ Gidy.

Day $1$: Material consumed per requisition $201$A amounted to R$400$

Day $1$: An artisan worked $4$ hours

Day $2$: Material consumed per requisition $201$B amounted to R$300$

Day $5$: An artisan worked $6$ hours

Day $9$: An artisan plus a labourer worked $3$ hours

Day $11$: An artisan plus a labourer worked $8$ hours

Labour overheads of $35\%$ are added to the total cost.

Material overheads of $25\%$ are added to the total cost.

Artisan rate is R$75$ per hour.

Labourer rate is R$25$ per hour.

Required

Calculate the total job cost and the cost per unit. Present your answer in column form.

$(20)$

Cost and Management Accounting $1/($C$)$ ICG $/$ Page $97$