4.5 Multi-product businesses Question 1 Part 1 of 4 O correct O Points: 0 of 1 Close o Watch the video Full Cont of a Product then answer the following question. Rincewind Lid offers a building conversion for houses. The business has estimated the following for next month Click here to view the estimate.) The business has received an enquiry about a loft conversion. It is estimated that it will take 260 direct labour hours to complete. It will also require materials costing 19,000. The policy of the business is to charge a mark up of 50% on the cost of the job when charging customers. The business normally uses a direct labour hour basis of charging indirect cost (overheads) to individual jobs 1. What will be the direct cost of converting the loft? 2. What is the overhead recovery rate per hour? 3. What will be the full (absorption) cost of converting the loft? 4. What price should be charged to the customer? R CODE - X Calculate the direct cost of the job The direct cost in e Data table Direct materials cost E39.000 Indirect materials 10,000 Direct labour time 20.000 hours Rent 19.000 Depreciation of equipment 13.000 Supervisor salaries 21.000 Design time costs (overheads) 30.000 Direct labour cost 350,000 Other miscellaneous indirect cost elements (overheads) 8,000 Skip ahead Help me solvet hack