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ACC200 Managerial Accounting Assignment | Calculation of ...

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ACC200 introduction to management accounting assignment (ACC200)

   

Added on  2020-04-07

ACC200 Managerial Accounting Assignment | Calculation of ...

   

ACC200 introduction to management accounting assignment (ACC200)

   Added on 2020-04-07

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Solution:(a)Calculation of cost per unit of products using the conventional approachParticularsFredMartha Direct Material4060Direct Labour3045Manufacturing overhead 96144Cost per unit1662491.Calculation of predetermined overhead rate:Total Budgeted Manufacturing Overhead= $816,000 Allocation basis= Direct Labour Hours Predetermined Overhead Rate= Budgeted Manufacturing Overhead/Direct Labour HoursPredetermined Overhead Rate (per hour)= $816,000/17,000 Predetermined Overhead Rate (per hour)= $48 2.Calculation of Direct Labour HoursFRED=(1000*2)=2,000 hoursMARTHA=(5000*3)=15,000 hoursTotal hours=17,000 hours(b)Calculation of cost per activity using Activity Based CostingOverheadsCost driverBudgeted LevelOverheadAmountCost peractivityMachine related costsMachine hours9,000450,00050Setup and inspectionNumber of production runs40180,0004,500EngineeringEngineering change order10090,000900Plant related costsSquare footage of space1,92096,00050
ACC200 Managerial Accounting Assignment | Calculation of ..._1
816,0005,500(c)Calculation of cost per unit of products using the Activity Based CostingParticulars Fred Martha Units Rate perunitTotal Units Rate perunitTotalDirect Material1,0004040,0005,00060300,000Direct Labour1,0003030,0005,00045225,000Manufacturing overheadMachine related costs4,00050200,0005,00050250,000Setup and inspection204,50090,000204,50090,000Engineering7590067,5002590022,500Plant related costs1,5365076,8003845019,200Total Costs504,300906,700No. of Units1,0005,000Cost per unit504.30181.34Cost per unit (rounded off)500.00180.00WN-1: Calculation of activity required by productsOverheadsCost driver Budgeted Level OverheadAmount Costperactivity Activity Required FRED MARTHAMachine related costsMachine hours9,000450,000504,0005,000Setup and inspectionNumber of production runs40180,0004,5002020EngineeringEngineering change order10090,0009007525Plant related costsSquare footage of space1,92096,000501,536384816,0005,5005,6315,429(d)Calculation of Selling Price under Activity Based CostingParticularsFREDMARTHACost per unit500180
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