11.8 Ravenna & Michele produces components to order for specialist motor manufacturers. An order for 100 components code 1187AB6 was received from one of the business’s principal customers. A job code, X4721, was assigned and over the following month various items of direct material and labour were booked to the job:

Material J 21.4kg Material Q 3.7kg Grade IV labour 16 hours Grade VIII labour 8 hours Material J was booked out of stores on 21 September 2012. The store card for material J contains the following details for September 2012:
Date Activity Kg 1 September Balance of inventory@ £14.30 per kg 28.7 8 September Delivery of inventory @ £14.20 per kg 30.0 18 September Transfer to production job code X4692 (20.6)
21 September Transfer to production job code X4721 (21.4)
Ravenna & Michele apply the FIFO method of inventory valuation.
Material Q costs £2.75 per kg.
Grade IV direct labour cost ¼ £4.78 per hour Grade VIII direct labour cost ¼ £8.21 per hour Required: produce a job cost record for Job No. X4721, calculating:
i. total prime cost ii. prime cost per component.