Subject: Cost AccountingPlease answer the questions given. Thank you! XYZ Corporation manufactures three products with the following details:Product X Product Y Product Z100,000200,000TotalUnits producedMaterials in kg200,000 350,000100,000 350,00050,00050,000Labor hours25,00020,00016,00061,000Equipment Set UpsNumber of production batches5020108010,0002,00010,00022,000Total CostsP 700,0001,220,000MaterialsLaborEquipment Set UpsBatch packaging88,000176,0002,013,000Other fixed costs to be allocated based on labor hoursIf XYZ uses ABC to improve the pricing of its products and it aims to have a 45% grossprofit rate, what would the selling price of a unit of Product Y be?

The activity based costing is used to apply overhead to various products on the basis of activity…

Product X Product Y Product Z Total Units produced Materials in kg 200,000 350,00 100,000 350,00 16,000 61,00 8 10,000 22,00 50,000 100,000 50,000 200,000 Labor hours 25,000 20,000 Equipment Set Ups Number of production batches 50 20 10 10,000 2,000 Total Costs Materials P 700,000 Labor 1,220,000 Equipment Set Ups Batch packaging 88,000 176,000 2,013,000 Other fixed costs to be allocated based on labor hours

Product X Product Y Product Z Total Units produced Materials in kg 200,000 350,00 100,000 350,00 16,000 61,00 8 10,000 22,00 50,000 100,000 50,000 200,000 Labor hours 25,000 20,000 Equipment Set Ups Number of production batches 50 20 10 10,000 2,000 Total Costs Materials P 700,000 Labor 1,220,000 Equipment Set Ups Batch packaging 88,000 176,000 2,013,000 Other fixed costs to be allocated based on labor hours

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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