QUESTION 7 The Fantastic Framing Lit produces custannet photos and use it onder cong the company...

 

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QUESTION 7 The Fantastic Framing Lit produces custannet photos and use it onder cong the company material handing machine maintenance penis inspection and packaging tal budgeted ceste driver are as follows Activity 20 Purchasing Material handling Machine maintenance Activity Driver Arial Purchase orders processed Material moves Machine hours Product inspection Packaging Total Overhead The company is in the process of bidding for a job that requires, 15 units of photo frames to be produced, 25 purchase orders to be processed, 10 material moves. 60 machine hours and 9 inspections. The total direct material and direct labour cost for this job is estimated to be $1,000 and $1,400 respectively Required: Calculate the total cost of this job using activity-based costing approach. Show all workings. (10 marks) Inspections Units produced Budgeted Overhead $45.000 $53.000 $120,650 9/1940 Budgeted Quantity of Activity Driver $9,000 $20.950 $249,200 5.000 12.460 1,400 4,000 QUESTION 7 The Fantastic Framing Lit produces custannet photos and use it onder cong the company material handing machine maintenance penis inspection and packaging tal budgeted ceste driver are as follows Activity 20 Purchasing Material handling Machine maintenance Activity Driver Arial Purchase orders processed Material moves Machine hours Product inspection Packaging Total Overhead The company is in the process of bidding for a job that requires, 15 units of photo frames to be produced, 25 purchase orders to be processed, 10 material moves. 60 machine hours and 9 inspections. The total direct material and direct labour cost for this job is estimated to be $1,000 and $1,400 respectively Required: Calculate the total cost of this job using activity-based costing approach. Show all workings. (10 marks) Inspections Units produced Budgeted Overhead $45.000 $53.000 $120,650 9/1940 Budgeted Quantity of Activity Driver $9,000 $20.950 $249,200 5.000 12.460 1,400 4,000

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