Q3.ABC corporation applying normal costing system has provided the following data from its activity-based costing...
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Q3.ABC corporation applying normal costing system has provided the following data from its activity-based costing system as follows: (Amounts in SAR) [3 Marks]
| Activities
| Estimated Overhead Costs | Expected Cost Drivers Quantities | Cost Drivers |
| Assembly | 120,500 | 10,000 | Number of Machine Hours |
| Processing Orders | 80,500 | 7,000 | Number of Orders |
| Inspection | 75,500 | 5,000 | Number of Inspection Hours
|
| Total | 276,000 | 22,000 |
|
Actual Data concerning the company's product X appears below:
Annual unit production and sales 500 units
Annual machine hours 5,000
Annual number of orders 4,500
Annual inspection hours 3,000
Direct material cost 150 per unit
Direct labor cost 100 per unit
Required:
Compute total costs per unit for the product X using activity-based costing system [3 Marks]
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