Question

Section 2 (5 marks) ICLO 3 30 40 $50 The totai fxed expenses amounted to 530.0C0 Sor 20.000 working hous and tho materai oost is $40 000 Caiculate te peR at 12% of klai cost estmate thn seling price of Job No. 1.000 Answer Add to a creation lungl .- .-nment Sec 2-Spring 2019 Section 2 (5 marks) [CLO 3 From the following particulars calculate the cost of Job No. 200 Department The Variable Overhead Hours Hours Amount Per hr unt 30 60 40 40 $15 40,000 hrs$160,000 Cutting Mixing4 Packing $20 $35 $50 $120,000 20,000 hrs $40,000 40,000 hrs Finishing 8,000 hrs $8,000 aterial cost is $40,000. Calculate the profit at 12% of total cost and estimate the selling price of Job No. 1,000 The total fixed expenses amounted to s50,000 for 20,000 working hours and the ype here to search

Answer 1

Calculation of total cost and selling price:-

Particularls	amount
Material	40000
labour
Cutting	450
Mixing	1200
Finishing	1400
Packing	2000
Variable overheads	328000
Fixed overhead	50000
Total cost	423050
Profit	50766
Sale price	473816