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  3. part 2 (10 marks) abc company ltd. costs products

Part 2 (10 marks) ABC Company Ltd. costs products using normal costing. For last year...

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Accounting

image Part 2 (10 marks) ABC Company Ltd. costs products using normal costing. For last year the following data are available. Q1: Overhead is applied based on direct labor hours (DLH) Required (5 Marks) Q1.1 What was the pre-determined overhead rate? Q1.2 What was the applied overhead for last year? Q1.3 Was the overhead over- or underapplied, and by how much? Q1.4 What was the normal cost per unit produced? (to four significant digits). Q2: Overhead is applied based on machine hours (MH) Required (5 Marks) Q2.1 What was the pre-determined overhead rate? Q2.2 What was the applied overhead for last year? Q2.3 Was the overhead over- or underapplied, and by how much? Q2.4 What was the normal cost per unit produced? (to four significant digits)

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