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Under a contract with the provincial government, Coronado Ltd analyzes the chemical and bacterial composition of well water in various municipalities in the interior of

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Under a contract with the provincial government, Coronado Ltd analyzes the chemical and bacterial composition of well water in various municipalities in the interior of British Columbia. The contract price is $25.55 per test performed. The normal volume is 10,000 tests per month. Each test requires two testing kits, which have a standard price of $3.60 each. Direct labour to perform the test is 10 minutes at $22.80 per hour. At normal volume, the overhead costs are as follows: $17,000 4,000 14.000 1 10,500 $45,500 Variable overhead costs Indirect labour Utilities Labour-related costs Laboratory maintenance Fixed overhead costs Depreciation Supervisor Base utilities Insurance Total overhead 27,600 29,800 8,600 2,000 68,000 $113,500 Overhead is allocated based on direct labour hours. During May 2022,8,400 tests were performed. The records show the following actual costs and production data: Overhead is allocated based on direct labour hours. During May 2022, 8,400 tests were performed. The records show the following actual costs and production data: Activity Actual Cost 17,840 $62,440 17,340 Number of test kits purchased Number of test kits used Direct labour Total overhead costs Variable 1,670 hours 38,577 44.960 Fixed 68,320 Test kits are kept in inventory at standard cost. At the end of May, no tests were in process. (a) Prepare a flexible overhead budget based on 80% of the normal volume. (Round cost per unit to 2 decimal places e.g. 5.25.) Cost Per Unit Total Cost Prepare a flexible overhead budget based on 80% of the normal volume. (Round cost per unit to 2 decimal places eg. 5.25.) Cost Per Unit Total Cost $ $ $ $ Save for Later Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above, (d) The parts of this question must be completed in order. This part will be available when you complete the part above

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