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Cold Storage manufactures 5,000 fridges. Cold Storage currently uses a conventional (absoption) costing system which...

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Accounting

Cold Storage manufactures 5,000 fridges. Cold Storage currently uses a conventional (absoption) costing system which uses one indirect cost pool using product output (number of standard and superior fridges manufactured) to allocate costs.

The following information regarding overhead costs is as follows:

Indirect cost Cost ($)

Purchasing 375,000

Machine set-up 300,000

Machining 900,000

Quality control 250,000

Calculate the cost per fridge based on the number of fridges manufactured.

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