W AutoSave Off Cousework 1 2022 - Search (Alt+Q) Mailings Review View Help File Home Insert Draw Design Layout References Times New Roman 12 v A^ A Aa A EE v 0 Paste BIU ab x x A v v A v Undo Clipboard Font THE COUNCIL OF COMMUNITY COLLEGES OF JAMAICA ASSOCIATE DEGREE COURSEWORK SEMESTER II - JANUARY 2022 v Question 1 Paragraph The following costs were reported by ABC Company. PROGRAMME: BUSINESS ADMINISTRATION COURSE NAME: COST ACCOUNTING CODE: ACCT 2401 YEAR GROUP: TWO Period 1 Period 2 DUE DATE: April 27, 2022 Period 3 9 Period 4 ASSESSMENT TYPE: COMMON COURSEWORK #2 - INDIVIDUAL 20% Period 5 11 Period 6 10 INSTRUCTION: Answer ALL the following questions. Required Page 2 of 3 331 words Text Predictions: On Accessibility: Investigate 78F Light rain daneille sawyers T Normal Subtitle No Spacing > Styles Dept C Dept S I \ * } ? Comments Share Find Replace Dictate Editor Select Editing Voice Editor 3,500 2,500 13,000 Period Units produced Costs ($) 1 680 600 800 840 720 88888 4520 4320 4600 4 800 4532 National insurance Rent and rates Repairs to plant and machinery 2 b. Use the High-low Method to calculate the fixed costs per month and the variable costs per unit The following costs were observed over several periods in a manufacturing company. Production level (units) Total costs ($) Depreciation of plant and machinery (5 marks) Heating and lighting Power Insurance of plant and machinery Medical costs 780 600 600 450 300 560 350 20 The following information is also available: Dept A Dept B Dept C Dept S Area in square feet 10,000 8,000 7,000 5,000 Number of employees 20 12 15 13 Using the Least Square Method of linear regression, determine the Book value of plant and machine Horse power of machines $10,000 120 $12,000 95 $6,000 55 $2,000 10 i. variable cost per units and total fixed cost (17 marks) ii. total cost at an estimated production level of 12 units and 14 units (4 marks) Required (Total 25 marks) Carry out the allocation and apportionment of overhead to the four departments Question 2 A company has three production departments, A, B and C, and a service department, S. The overhead costs incurred during a particular for week costing period were: Indirect wages and salaries Dept A Dept B $ 4,000 3,000 99+ $ Focus (40 marks) + 53% 11:22 PM 4/25/2022