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ABC Costing

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › ABC Costing

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.
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  • Author
    Posts
  • January 30, 2016 at 3:47 pm #298568
    slo2
    Member
    • Topics: 2
    • Replies: 2
    • ☆

    For each style of shoes, recalculate production overheads, and selling prices if ABC costing was used.

    Data given
    Indirect Material 82000
    Indirect Labour 250000
    Rent and Rates 150000
    Power 125000
    Rental of canteen vending machine 12000
    Insurance 45000
    Depreciation 35000
    Total Overheads 699000

    Total Material cut 30000
    Total pairs of shoes produced 50000

    Cost drivers rates:
    Cutting :Metres of material Cut
    Sewing and finishing: Pairs of shoes completed
    Packing: Pairs of shoes completed

    STYLE 1
    Total of material used 2.0 metres
    Labour (Cutting): 85 mins
    Labour (Sewing): 40 mins
    Labour (Packing): 15 mins

    STYLE 2
    Total of material used 1.2 metres
    Labour (Cutting): 70 mins
    Labour (Sewing): 55 mins
    Labour (Packing): 15 mins

    STYLE 3
    Total of material used 1.05 metres
    Labour (Cutting): 45 mins
    Labour (Sewing): 85 mins
    Labour (Packing): 15 mins

    After doing traditional costing I found these figures:
    Cutting – 305162.68
    Sewing – 243537.56
    Packing – 150299.76

    How would I calculate this?

    January 31, 2016 at 9:18 am #298623
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51529
    • ☆☆☆☆☆

    This forum is not for setting test question and expecting an answer.
    You must have an answer in whichever book you found the question.

    This forum is for asking for help in anything you do not understand from our free lectures, or for any specific part of an answer that you are not clear about.

    You need to watch our free lectures on ABC.

    Our lectures are a complete course for Paper F5 and cover everything needed to be able to pass the exam well.

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