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this is one question I need a urgent The financial controller of Seats RUs has established indirect cost pools and cost drivers for the coming
this is one question I need a urgent
The financial controller of Seats RUs has established indirect cost pools and cost drivers for the coming year as follows: The sales team have received an order for 1500 seats and produced them. The order required the following: Required (rounded to two decimal places). a. Briefly comment on the importance of a costing system to Seats R Us. [3 marks] b. Calculate the indirect cost rate for each cost pool. [5 marks] c. Assign the indirect costs to the cost object. [ 5 marks] a. Briefly comment on the importance of a costing system to Seats R Us. [3 marks] b. Calculate the indirect cost rate for each cost pool. [5 marks] c. Assign the indirect costs to the cost object. [5 marks] d. Suppose that a single indirect cost rate based on Materials weight was used to allocate indirect costs, calculate the indirect cost rate. [2 marks] e. What amount of indirect costs was applied to the cost object using the indirect cost rate based on Materials weight? [2 marks] f. Briefly comment on any differences in your answer to (c) above. [3 marks] [Total marks for this question is 20 marks]Step by Step Solution
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