Question: Pls answer all these questions Cost Drivers Machine Hours 15,000 QUESTION 2 Material Moves 4,600 ABC problem Setups 3,500 Company LSD LTD has 4 types

Pls answer all these questions
Cost Drivers Machine Hours 15,000 QUESTION 2 Material Moves 4,600 ABC problem Setups 3,500 Company LSD LTD has 4 types of overhead. The four categories and expected costs for each category for next year are listed below Company LSD LTD Quality Inspections 5,000 Required: Part 1 1. Calculate the predetermined rates using the Functional based costing 2. Determine the amount of overhead that would be applied to the proposed project if Functional based costing method is used 3. Determine the total cost of the proposed job using ABC Activity cost 4. Calculate the unit cost using FBC Setups cost $150,000 Inspection cost $90,000 5. What bid price is the company going to use according to its FBC policy? Maintenance cost $120,000 Material Handling cost $ 82,000 Actual overhead Cost $30,000 Part 2 Estimates for the proposed job (Job #23] are as follows 1 Calculate the predetermined rates using the activity based costing. Direct Materials $6,000 DL (1000 hours) $10,000 2 Determine the amount of overhead that would be applied to the proposed project if activity based drivers are used Machine Hours [maintenance cost) 500 3 Determine the total cost of the proposed job using ABC # of material moves 12 # of setups 5 4 Calculate the cost using ABC # of inspections 10 Units produced 240 The company has been asked to submit a bid for a proposed job. The plant manager thinks getting this job would result in new business in future years. Usually bids are based upon full manufacturing cost plus 30%. In the past, full manufacturing cost has been calculated by allocating overhead using volume based st drive LIDLH). The plant manage heard of a new way of applying overhed that uses cost pools and 5 What bid price is the company going to use according to its policy? 6 Has the company over-applied or under-applied using FBC and ABC? How did you come to this conclusion? In the past, full manufacturing cost has been calculated by allocating overhead using volume based cost driver (DLH). The plant manager has heard of a new way of applying overhead that uses cost pools and cost
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