Jukes Ltd bases its job estimates on the following formulae: Total cost = Prime cost plus 50%
Question:
Jukes Ltd bases its job estimates on the following formulae:
Total cost = Prime cost plus 50% for overheads Selling price = Total cost plus 30% for profit.
Estimates for job PW1 and for job JC2 are as follows:
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Direct materials (5 per kg) Direct labour (8 per hour) Calculate the selling price for each job. Job PW1 400 160 Job JC2 200 240
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