ACCT2522_Week4_Tutorial_FinalAnswers

ACCT2522_Week4_Tutorial_FinalAnswers - Manufacturing...

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1 THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF ACCOUNTING ACCT2522 Management Accounting 1 Session 1, 2011 Tutorial Week 4 - Managing Cost I: A Closer Look at Overhead Costs Suggested Solutions to Tutorial Questions Question 1: Case 7.52 Support department cost allocation; plantwide versus departmental overhead rates; product costing; cost drivers: manufacturer 1. (a) Plantwide overhead rate: $41.10 (b) Overhead cost of Elite case = $369.90 2. Departmental overhead rates:
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Unformatted text preview: Manufacturing Moulding Component Assembly Rate $73.51 $24.36 $34.24 per MH per DLH per DLH 3. Overhead cost of Elite case = $509.11 Question 2: Titan Toy Case 1) Materials allocated to Parts = $66,667 2) Total cost of Parts = $823,334 IMPORTANT NOTE Due to tight time constraints, you are expected to tell your tutor which parts of the questions you would like them to go through/focus on to get the most out of the tutorial....
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