please help with my advance cost and Management accounting assignment

QUESTION 2 [30 marks] PART A Montego Producers Limited (MPL) manufactures product PT10 which requires 3 hours of labour time. Labour is the bottle resource for the company. The factory operates five days per week and 50 weeks annually. The company sells each unit of this product for $580 and the product uses direct material costing $190 per unit. The average labour hour rate is $15 per hour and employees work 8 hours per day. There are 100 employees. The company employs and activity based costing system in its production process. The budgeted overheads are as follow: Inspection costs Material handling Machining costs $10,000,000 $6,000,000 $4,000,000 The budgeted activity levels and the drivers were also analyzed below: Number of inspections 400,000 Material moves 600,000 Machining Hours 2,000,000 The data below relating to the period is provided by the production department: Number of inspections 260,000 Material moves 150,000 Machining Hours 750,000 Required: a. Calculate the return per factory hour (2 marks) b. Calculate the cost per factory hour (4 marks) c. Calculate the TPAR (2 marks) d. Based on the TPAR calculated, what decision should management make? (2 marks) PART B Hanover Producers Limited manufactures three products, Rip, Rap and Rep. For the quarter ending 31 March 2019 information regarding the products is as follows: DETAILS PRODUCTS RIP RAP REP Revenue per unit Direct Labour per unit Direct Material per unit Total Market Demand Machine hours per unit $ 400.00 $ 100.00 $ 40.00 15,000 0.50 $360.00 $ 160.00 $ 60.00 12,000 0.25 $ 320.00 $ 120.00 $ 70.00 10,000 0.40 There are 13,000 machine hours available during the quarter. Annual fixed costs are estimated at $6,240,000. You may assume that fixed cost accrues evenly through the year Required: a. Calculate the optimal product mix for the quarter b. Calculate the optimal profit for the quarter. c. Explain, giving two (2) examples, what is a limiting factor (10 marks) (6 marks) (4 marks) 2/