Reference no: EM132472310
ABC Ltd makes trailers. It receives a special order to produce 350 trailers for a local retail outlet. The order will take 2,100 kg of material that costs $16.10 per kg and will require 1,400 direct labor hours and 525 machine hours.
The following are the expected/budgeted annual costs for ABC Ltd:
Direct labor $327,600
Direct labor hours 25,795
Direct materials $193,200
Indirect costs $98,400
Machine hours 9,840
Required:
Question 1: Calculate the overhead allocation rate: note that the process is labour-intensive
Question 2: Calculate the total costs of the special order
Question 3: Calculate the cost of the special order if ABC Ltd uses machine time as the basis for allocating overheads
Question 4: Calculate the minimum price per trailer that ABC Ltd could accept.
Question 5: Explain how segmented overhead cost pools and activity based costing can assist accurate costing for pricing purpose
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