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Management Accounting Assignment - Calculation of Cost

   

Added on  2020-04-01

4 Pages551 Words234 Views
MANAGEMENT ACCOUNTING
Management Accounting Assignment - Calculation of Cost_1
Solution:a.Table showing Calculation of Cost per unit using Conventional Approach:(In $)PARTICULARSFREDMARTHATotal Number of Units10005000Direct materials4060Direct labours3045Manufacturing overheads (see note below)96144Total Cost Per Unit166249Note for calculation:Total Manufacturing Cost816000Total Hours17000Manufacturing cost per unit48Calculation of Total Hours - Fred (1000*2)2000 - Martha (5000*3)15000Total Hours17000b.Calculation of Cost per activityActivityCost($)Cost DriverBudgeted LevelUnitRate Per UnitMachine Related Costs450000Machine hours9000Hour50Setup & Inspection180000Number of production runs40Run4500Engineering90000Engineering change orders 100Change Orders900Plant Related Costs96000Square footage of space1920Sq. Ft50c.Calculation of Product cost using Activity Based Costing:ParticularsOverActivitCostActivitCost
Management Accounting Assignment - Calculation of Cost_2

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