All of acompanys skilled labour, which is paid 8 per hour, is fully employed manufacturing a product to which the following data refer The company is evaluating a contract which requires 90 skilled labour hours to complete No other supplies of skilled labour are available What is the total relevant...

The Answer is in the image, click to view ...

All of acompanys skilled labour, which is paid 8 per hour, is fully employed manufacturing a product

Question:

All of acompany’s skilled labour, which is paid £8 per hour, is fully employed manufacturing a product to which the following data refer:

image text in transcribed

The company is evaluating a contract which requires 90 skilled labour hours to complete. No other supplies of skilled labour are available.
What is the total relevant skilled labour cost of the contract?

(a) £720

(b) £900

(c) £1620

(d) £2160 a (2 marks)
ACCA - Financial Information for Management

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost And Management Accounting

ISBN: 9781473749054

9th Edition

Authors: Colin Drury

See More Books

Question Posted: Jun 25, 2024 02:05 AM

See More Questions

1.You are leading a diverse group of 8 team members that are dispersed geographically. Half of the team members are fluent speakers of your native language, whereas the other half do not speak your...
A corporation with common stock issued to the public pays dividends a. at the discretion of management, who are elected by the shareholders b. at the discretion of shareholders, since they own the...
Basic. All of a company's skilled labour, which is paid 8 per hour, is fully employed manufacturing a product to which the following data refer: The company is evaluating a contract which requires 90...
Examine your own organisation, or one that you know. What forms of pre-departure training does it offer?
AT&T plans to sell the new iPhone for $200. The lower-priced phone would give AT&T an attractive weapon to win new subscribers. AT&Ts revenue is an average of $95 a month from each iPhone customer,...
Please answer both parts A and B The chief budget officer (CBO) of the huge management consulting firm Let Us Help You Increase Employee Efficiency recently hired five new Assistant CBOs to...
Effect of massage on boxers. Eight amateur boxers participated in an experiment to investigate the effect of massage on boxing performance (British Journal of Sports Medicine, Apr. 2000). The...
Bluebird Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: Requirements 1. Which type of costing system is Bluebird using? What...
On January 1, 2021, Peanut Company acquired 90% of Snickers Corporation's common shares at underlying book value. The fair value of the noncontrolling interest was equal to 10% of the book value of...
A company requires 600kg of raw material Z for a contract it is evaluating. It has 400kg of material Z in stock which were purchased last month. Since then the purchase price of material Z has risen...
Why does the relevant cost of labour differ depending upon the circumstances? (p. 301)
The stockholders' equity accounts of Ripley Corporation on January 1, 2025, were as follows. During 2025, the corporation had the following transactions and events pertaining to its stockholders'...
Suppose a company bases its hourly rates on the number of customers per hour. The hourly rate the company charges is given by two functions where = g(2) 4, g(3) = 2, 9(4) = 3 and f(2) = 6, f(3) = 3,...
Which statements about insurance are true? 1- Insurance protects against the the worst-case scenario. All rational people want to buy insurance. 2- Insurance costs money, and therefore always...
need step by step instruction about creating this: in NX12 PART NAME: BRACKET ALL FILLETS R .313 ALL ROUNDS R .625 2X .500 1/500 2.875 9.500 4750 2875 $500 3.000 750 GENTERED IN OBJECT 2.375
8. Convert the angle - 7t from radian measure into degree measure. Show some work. 4
4. Variance Analysis. (CPA, adapted) The H. G. Company uses a standard cost system in accounting for the cost of one of its products. < The Budget is based on normal capacity of monthly production of...
Is it possible for investors ever to require a lower rate of return on a companys equity than on its debt, assuming that the debt is in a junk-bond category of quality?
Fahrad Inc. sells all of its product on account. Fahrad has the following accounts receivable payment experience: Percent paid in the month of sale .........10 Percent paid in the month after the...
Kenneth lived in his home for the entire year except for when he rented his home (near a very nice ski resort) to a married couple for 14 days in December. The couple paid Kenneth $14,000 in rent for...
On December 31, 2021, Shack Store Inc had 143 million shares outstanding, which traded for $643.29 per share. On January 02, 2022, the CEO announced a 20-for-1 stock split. Every shareholder would...
o1s= secom o1s= secom

All of acompanys skilled labour, which is paid 8 per hour, is fully employed manufacturing a product

Question:

per unit per unit Selling price Less 60 Variable costs: Skilled labour 20 Others 15 (35) Contribution 25

Step by Step Answer:

Cost And Management Accounting

Students also viewed these Business questions