A machine project is tasked to you, as shown below.Figure 1: Garbage Collection Robot Using Wireless Communication Technology(nevonprojects.com)1. The actual machine will be mass-produced based on the machine in Figure 1. Thetooling (fixtures, moulds & dies) is estimated at RM100,000 with expected productlifespan of 10,000 sets. Material cost is RM200 per set. Administration and overheadcost are at RM250,000 per year. Production planning per month for the machine is at300 sets. Determine the machine cost per set.

the question is based on the concept of Cost Accounting.

1. The actual machine will be mass-produced based on the machine in Figure 1. The tooling (foctures, moulds & dies) is estimated at RM100,000 with expected product lifespan of 10,000 sets. Material cost is RM200 per set. Administration and overhead cost are at RM250,000 per year. Production planning per month for the machine is at 300 sets. Determine the machine cost per set

1. The actual machine will be mass-produced based on the machine in Figure 1. The tooling (foctures, moulds & dies) is estimated at RM100,000 with expected product lifespan of 10,000 sets. Material cost is RM200 per set. Administration and overhead cost are at RM250,000 per year. Production planning per month for the machine is at 300 sets. Determine the machine cost per set

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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