Question: how would this be solve? Using the simple costing system, what is the cost per kilo of potato cuts produced by IP? Calculate the cost

how would this be solve?

Using the simple costing system, what is the cost per kilo of potato cuts produced by IP?

Calculate the cost rate per unit of the cost driver in the (a) cleaning, (b) cutting, (c) packaging activity areas.

Suppose IP uses information from its activity-cost rates to calculate costs incurred on retail potato cuts and institutional potato cuts.Using the ABC system, what is the cost per kilo of (a) retail potato cuts and (b) institutional potato cuts?

Comment on the costs differences between the two costing systems in 1 and 3. How might IP use the information in 3 to make better decisions?

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