Question

2. The following costs were incurred on Job No. 501 Materials 9,014 Wages Department 'A' 60 hours at 30 per hour Department 'B' 40 hours at 20 per hour Department 'C' 20 hours at 50 per hour Variable overheads Department 'A'* 12 per hour Department 'B' * 20 per hour Department 'C' 30 per hour Fixed overheads estimated at 40,000 for 2000 hours You are required to find out cost of Job No. 501 and the price to give profit of 25% on selling price. ​

Answer 1

Explanation:

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