Homework Answers
A)
| a) Allocation of Manufacturing overheads | |||
| No of Machine hours | 107420 | 7580 | |
| No of Production Runs | 65 | 35 | |
| Plastic Frames | Wooden Frames | ||
| Power cost | 62584 | 4416 | =67000/(107420+7580)*107420 & 67000/(107420+7580)*7580 |
| Production Set up Cost | 26000 | 14000 |
=40000/(65+35)*65 & 40000/(65+35)*35 |
b)
| No of Machine hours | 107420 | 7580 | |
| No of Production Runs | 65 | 35 | |
| Plastic Frames | Wooden Frames | ||
| LESS:- | |||
| Material cost | -53360 | -38360 | |
| Direct Labour | -33360 | -92720 | |
| Power cost | -62584 | 4416 | =67000/(107420+7580)*107420 & 67000/(107420+7580)*7580 |
| Production Set up Cost | -26000 | -14000 | =40000/(65+35)*65 & 40000/(65+35)*35 |
| Total cost | -175304 | -140664 | |
| No of units | 59,000 | 29000 | |
| Per unit cost | -2.97 | -4.85 |
c)
| No of Machine hours | 107420 | 7580 | |
| No of Production Runs | 65 | 35 | |
| Plastic Frames | Wooden Frames | ||
| LESS:- | |||
| Material cost | -53360 | -38360 | |
| Direct Labour | -33360 | -92720 | |
| Power cost | -62584 | 4416 | =67000/(107420+7580)*107420 & 67000/(107420+7580)*7580 |
| Production Set up Cost | -26000 | -14000 | =40000/(65+35)*65 & 40000/(65+35)*35 |
| Total cost | -175304 | -140664 | |
| Total Profit | 78,696 | 38,336 | |
| No of units | 59,000 | 29000 | |
| Per unit profit | 1.33 | 1.32 |
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