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What is the overhead absorption rate

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Reference no: EM132788987

Question - Ali Baba ltd uses absorption costing to allocate overheads to its three products X, Y and Z. Overheads are absorbed into the products on machine hour basis. Total production overheads for the period are 7,20,000 pounds. Direct labour cost is 8 pound per hour. The table below gives the data relating to the individual products.

Products

Labour hrs

Machine hrs

Material per unit(Pound)

Volumes

 

X

1

2

10

1500

Y

1.5

3

20

4000

Z

2

3.5

24

6000

Required -

What is the total number of machine hours to produce all the units of three products?

What is the Overhead absorption rate?

What is the total cost for one unit of X?

What is the total cost of one unit of Z?

Reference no: EM132788987

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