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A department is considered a cost centre and manufactures just two products, X5 and Y6....

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Accounting

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A department is considered a cost centre and manufactures just two products, X5 and Y6. The task force obtained the following data and verified it as factual and repeatable on a week-by- week basis. Cost centre fixed overhead is $8000 per week Product X5 Product Y6 Selling price $10 Material cost/unit $2 $15 Labour cost/unit $2 $5 Output per week 1000 units 200 units $36 (1) Determine the profit per week (2) Determine the profit from X5 and Y6 based on costing methods of: (a) percentage on labour overhead recovery (b) percentage on material overhead recovery (c) overhead recovery per unit (3) Compare and contrast the results obtained. (4) Determine the contributions towards overhead payment by products X5 and Y6

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