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Simon plc produces three products: X, Y and Z. It has used to...

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Accounting

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Simon plc produces three products: X, Y and Z. It has used to allocate overhead costs using total direct labour hours and is now considering switching to activity based costing (ABC). The following information on three products is available: Annual output Annual direct Selling price Raw material abour hours ($ per unit) cost($ per unit) urs) X 2,000 Y 1,600 200000 4,000 400 220,000 6,000 600 7 400 80,000 8,000 900 All direct labour is paid at $5 per hour. The company holds no inventories. The annual overhead costs are as follows Set-up costs Purchase orders 3,600,000 Deliveries to retailers 2,400,000 6,000,000

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