Answered step by step
Verified Expert Solution
Question
1 Approved Answer
> Question 20 1 pts Hen has a single production process, for which the following costs have been estimated for the period ending 31st December
> Question 20 1 pts Hen has a single production process, for which the following costs have been estimated for the period ending 31st December Year 7 GHC Material receipt and inspection costs 31,200 Power Costs 39,000 Material Handling costs 27,300 Hen makes three products-X, Y and Z. These products are made by the same group of employees, using power drills. The employees are paid GHC 8 per hour. The following budgeted information has been obtained for the period ending 31st December Year 7: Product Product Y Product Z Production quantity (units) 2,000 1.500 800 Quantity/Batch 200 300 53.3333 For each unit of product Direct material (meters) 5 6 2.5 4 6 40 60 8 5 Direct material cost (GHC) 3 Direct labour (minutes) 24 Number of power drill operations (per unit) Overhead costs are currently absorbed into the cost of production units using an absorption rate per direct labour hour. A factory-wide absorption rate is used for work in all the production departments. An activity-based costing investigation has revealed that the cost drivers for the overhead costs are as follows: Material receipt and inspection number of batches of material Power: number of power drill operations Material handling: quantity of material (metres) handled, Required: Calculate the material receipt and inspection cost applied to Product X in per unit. GHCO 283 GHC 0.026 GHC 0.30 GHC 5.2 Question 17 1 pts DML Ltd's cost formula is given by Y = GH450+ GH2X, where X is direct labour hours. During a period where 100 direct labour hours were used to produce 3000 units of the product, what will be the total Cost? GH3100 GH6000 GH450 GH650
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