ACC203_ClassActivities_Wk5_1819_Jan19.pdf - ACC203 Managerial Accounting Academic Year 2018/2019 – Semester 2 ASSIGNMENT FOR CLASS DISCUSSION – WEEK

ACC203_ClassActivities_Wk5_1819_Jan19.pdf - ACC203...

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ACC203: Managerial Accounting Academic Year 2018/2019 – Semester 2 ASSIGNMENT FOR CLASS DISCUSSION – WEEK 5 1. Q1 from July Semester 2018 Exam Goodie Inc. manufactures premium quality industrial components. The company adopts job order costing and uses normal costing with activity-based costing to allocate its manufacturing overhead. The annual total overhead costs for the year is broken down into activity cost pools and their respective cost drivers for each cost pool are tabled below. Overhead Cost Pool Budgeted Cost ($) Cost Driver Budgeted Activity Setup Costs 60,000 Number of Setups 240 Purchasing Costs 40,000 Number of Purchases 2,000 Maintenance Costs 120,000 Maintenance Hours 4,000 Customer Order Processing 24,000 Customer Orders 600 Electricity Charges 100,000 Kilowatt-Hours 2,500 The following data relates to the current job completed for ABC Ltd, a first time customer. Direct materials $30,000 Direct labor rate $20 per DL hour Number of units completed 50,000 Direct labor hours per unit 0.5 Number of setups 8 Number of purchases 40 Maintenance hours
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