Question: Calculate the product cost per unit using the absorption costing method. (3 Marks) The CNC company have acess to the following information to prepare for

Calculate the product cost per unit using the absorption costing method.

Calculate the product cost per unit using the absorption costing method. (3 Marks)

The CNC company have acess to the following information to prepare for the budget. Direct Materins: Cost RMl per kg and required amoomt per unit is 2.5kg. The mumber of hows wodkers require to finish a product is 2 hours. The direct labor rate is RM5.00 per bour. Production also require 2 anchine hours per unit. Mamfacturing Orerheads Cost are estimated and allocated as follows: The following fixed overhends were also estimated

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=+ a. The capitaloutput ratio is constant.

=+ e. What must the saving rate be to reach the Golden Rule steady state?

=+ d. What will the capitaloutput ratio be at the Golden Rule steady state? (Hint: For the CobbDouglas production function, the capitaloutput ratio is related to the marginal product of capital.)