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The Pinewood Furniture Company Pty Ltd plans to design two lines of chairs in the coming year-lounge and patio. The company is considering introducing an activity-based costing system. Given below are every activity, its cost and its related activity driver.

Activity           Cost       Activity Driver
Material Setups         $300,000               Number of setups
Material handling       $250,000       Number of parts
Cutting                     $700,000       Number of parts
Assembly   $600,000   Direct labour hours
Finishing                  $450,000                 Number of units

The level of activity for the year is:

                                     Lounge   Patio
Units to be produced               10,000   5,000
Number of Setups   60         60
Number of parts per unit    10   5
Direct Labour Hours per unit    5      2

Needed:

Under an activity-based costing system, what is the total cost of patio chairs for the annual?

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Managerial Accounting, Accounting

Category:- Managerial Accounting
Reference No.:- M9530601

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