Question: ANSWER ALL THE QUESTIONS. EACH QUESTION CARRIES 10 MARKS (5 QUESTIONS X 10 MARKS-50 MARKS) A critical study of past expenses incurred in the manufacture

ANSWER ALL THE QUESTIONS. EACH QUESTION CARRIES 10 MARKS (5 QUESTIONS X 10 MARKS-50 MARKS) A critical study of past expenses incurred in the manufacture of two kinds of Flash Drives is as follows: Nature of expenses Expenses incurred on the manufacture of flash drives Standard Flash Music Flash Drives(OMR) Drives(OMR) Direct materials Direct wages 4.5 Plant and machine usage allocated on hourly basis 3 General overhead apportioned at 200%of direct wages Cost record for the month of august 1995 shows: Direct materials utilized Direct wages Plant and machine usage General overheads Total 28500 5800 18000 12000 64300 Flash Drives produced-Standard Flash Drives=5000 units Music Flash Drives=8000 units You are required to: a) Prepare a consolidated cost sheet distributing the total production cost between the two types of flash drives according to the different elements of cost. b) Calculate the cost per flash drive of each type of flash drive

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