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The four products are similar and are usually produced in production runs of 20 units and sold in batches of 10 units. The production overheads

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The four products are similar and are usually produced in production runs of 20 units and sold in batches of 10 units. The production overheads are currently absorbed by using a machine hour rate, and the total of the production overhead for the period has been analyzed as follows: You have ascertained that the cost drivers to be used are as listed below for the overhead costs shown: a- Calculate the total costs for each product if all overhead costs are absorbed on a machine hour basis. ( 12m) b- The following data relate to two output levels of a department: The variable overhead rate per hour is 2.50. The amount of fixed overheads is: (3m) c- Zay Zay Company has just been incorporated last year. They have decided to adopt a costing method for their manufacturing company. They are currently in a dilemma on which costing method to integrate in their organization. What costing method would you suggest and state the advantages of it. (4m) d- State the difference between the FIFO Method and the Weighted Average method. (2m) e- If the selling price is RM 5,000, the contribution margin per unit is RM 1,000, then the contribution margin percentage will be: (1m) f- Assume that as an investor, you are planning to enter the construction industry as a panel formwork supplier. The potential number of forthcoming projects, you forecasted that is within two years, your fixed cost for producing formworks is S300,000. The variable unit cost for making one panel is $15. The sale price for each panel will be $ 25. If you charge $25 for each panel, how many panels you need to sell in total, in order to start making money? (2m)

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