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:
Calculate the selling price for each job.
Transcribed Image Text:
Direct materials (2 per metre) Direct labour (6 per hour) Job SN18 100 200 Job TY12 150 250
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