a) Dada Boat Enterprise produces three products, SmartPLS, STATA and E-view, the standard cost are shown below: SmartPLS STATA E-view GH¢ GH¢ GH¢ Direct material 100 80 60 Direct Labour ( @ GH¢20) 60...

Extracted text: a) Dada Boat Enterprise produces three products, SmartPLS, STATA and E-view, the standard cost are shown below: SmartPLS STATA E-view GH¢ GH¢ GH¢ Direct material 100 80 60 Direct Labour ( @ GH¢20) 60 80 100 Production Overheads# 60 80 100 220 240 260 # Production overheads is absorbed on the basis of direct labour hours. SmartPLS STATA E-view Quantity produced / sold (units) 10,000 20,000 30,000 Dada Boat Enterprise wishes to introduce ABC, and has identified two major cost pools for production overheads and their associated cost drivers. Information on these cost drivers is given below: Activity Cost Pool Cost driver Cost associated with activity cost рol Receiving/Inspecting/Quality Purchase requisitions GH¢2,800,000 Assurance Production Number of set-ups GH¢2,400,000 scheduling/Machine set-ups Some relevant information on the three products is given below: SmartPLS STATA E-view Number of purchase requisitions 2,400 3,600 4,000 Number of set-ups 480 520 600 You are required, from the information given, to: i. Calculate the activity -based production cost of the three products, SmartPLS, STATA and E- view. ii. Comment on the differences between the original standard costs and the activity-based costs you have calculated in question 3a(i). b) Briefly discuss the purpose of apportioning fixed overheads.