QUESTION I Part A Best Component Sdn.Bhd produces two types of vehicle components, CA and CB, all made from the same material. The business uses activity-based costing system. Information for the two components for the previous year is as follows: CA СВ Total Production and sales volume (units) 8,000 6,000 14,000 Number of components 160 140 300 Machine hours Number of material moves per 2000 2000 4000 30 50 80 annum The annual manufacturing overhead costs were as follows: Costs (RM) 60,000 40,000 30,000 Activity cost pool Assembly Machine X Material move REQUIRED a) Assuming activity cost pools for assembly, machine X, and material move are used, calculate the activity cost driver rates for each of the three cost pools b) Using the activity cost driver rates determined in (a), calculate the total manufacturing overhead cost assigned to each product CA and CB. c) Calculate the manufacturing overhead cost per unit for each product CA and CB.

QUESTION I Part A Best Component Sdn.Bhd produces two types of vehicle components, CA and CB, all made from the same material. The business uses activity-based costing system. Information for the two components for the previous year is as follows: CA СВ Total Production and sales volume (units) 8,000 6,000 14,000 Number of components 160 140 300 Machine hours Number of material moves per 2000 2000 4000 30 50 80 annum The annual manufacturing overhead costs were as follows: Costs (RM) 60,000 40,000 30,000 Activity cost pool Assembly Machine X Material move REQUIRED a) Assuming activity cost pools for assembly, machine X, and material move are used, calculate the activity cost driver rates for each of the three cost pools b) Using the activity cost driver rates determined in (a), calculate the total manufacturing overhead cost assigned to each product CA and CB. c) Calculate the manufacturing overhead cost per unit for each product CA and CB.

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Description: STRUCTURED QUESTIONSInstructions: Answer ALL questions. Write your answers in foolscap paper.QUESTION 1Part ABest Component Sdn.Bhd produces two types of vehicle components, CA and CB, allmade from the same material. The business uses activity-based

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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