components: Product W X Y Estimated production volume, 10,000 units 15,000 units 18,000 units Direct-material cost per unit $50 $40 $35 Direct labor cost per unit $30 $35 $30 The total number of activities for each of the three products for the period is as follows: W X Y Number of purchase requisitions 1,200 1,800 2,000 Number of set-ups 240 260 300 Overhead costs have been analysed as follows: Receiving/inspecting quality assurance $1,400, 000 Production scheduling/machine set-up $1,200, 000 Using the activity based costing system, answer the following: iii. The total receiving/inspecting quality assurance cost assigned to Product W is: iv. The total receiving/inspecting quality assurance cost assigned to Product Y is:

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.