Question Tag: Labour Hour Rate

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MI – Nov 2021 – L1 – SB – Q1a – Costing Methods

Calculate overhead absorption rate per unit based on labour hours.

ABCD is into manufacturing of two products, AB and CD, using similar equipment and methods. The following data were collected from the company’s record:

Calculate the overheads to be absorbed per unit of each product based on
i. Conventional absorption costing using predetermined labour hour
absorption rate. (6 Marks)
ii. An ABC approach using suitable cost drivers. (9 Marks)

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MI – Nov 2021 – L1 – SB – Q1a – Costing Methods

Calculate overhead absorption rate per unit based on labour hours.

ABCD is into manufacturing of two products, AB and CD, using similar equipment and methods. The following data were collected from the company’s record:

Calculate the overheads to be absorbed per unit of each product based on
i. Conventional absorption costing using predetermined labour hour
absorption rate. (6 Marks)
ii. An ABC approach using suitable cost drivers. (9 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

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