Parker Ltd bases its job estimates on the following formulae: Total cost = prime cost plus 20%

Question:

Parker Ltd bases its job estimates on the following formulae:

Total cost = prime cost plus 20% for overheads Selling price = total cost plus 25% for profit.

Estimates for jobs SN18 and TY12 are as follows: image text in transcribed

Calculate the selling price for each job.

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Accounting For Non Accountants

ISBN: 9780749465971

9th Edition

Authors: David Horner

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Question Posted: Jan 31, 2024 03:05 AM

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Parker Ltd bases its job estimates on the following formulae: Total cost = prime cost plus 20%

Question:

Direct materials (2 per metre) Direct labour (6 per hour) Job SN18 100 200 Job TY12 150 250

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Direct materials Direct labour ...View the full answer

Accounting For Non Accountants

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