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cost accounting

Time left 2:55:10 Candy floss Co. currently make and sell four products related to the snack line. Forecasted details related to the four products and relevant information are given below for the first quarter of the period 2021. Product Machine hours per Output in Number of Matenal Cost Direct Units Production pr unit (BD) labour runs in the hours per period unit una Chocolate Bars 800 14 075 02 OB Hard Candies 1,000 2. 0.65 ON 0.5 Gummies 1950 1 0.4 0.7 Lollipops 1,200 3 03 02 10 Direct labor costs per hour is 3 80 Overhead costs are as follows: BHD Short run vanable costs 856 Timnie left 2:54:13 Direct labor costs per hour is 3 BD. Overhead costs are as follows: BHD Short run variable costs 856 Set-up cost 300 Inspection/ Quality control 2,100 Material handling and dispatch 650 The cost drivers assigned to each overhead cost pool are listed below: Cost Cost driver Short run variable costs Machine hours Set-up cost Production runs Inspection/ Quality control Production runs Matenal handling and dispatch Production runs Material handling and dispatch Time left 2:53:19 The cost drivers assigned to each overhead cost pool are listed below Cost Cost driver Short run variable costs Machine hours Set up cost Production runs Inspection/ Quality control Production runs Material handling and dispatch Production runs Required: a)Calculate the total and unit cost for each product using activity based costing (ABC). (26 Marks) b)Discuss at least five merits and five criticisms of activity-based costing (ABC). (10 Marks) Paragraph Font family font sie - 1 A