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5. (a) MG Lid. manufactures three types of products namely A, B and C. The data relating to a period are as under: Particulars A
5. (a) MG Lid. manufactures three types of products namely A, B and C. The data relating to a period are as under: Particulars A B C Machine hours per unit 10 18 14 Direct Labour hours per unit 4 12 8 Direct Material per unit (7) 1,350 1,200 1,800 Production (units) 3,000 5,000 20,000 Currently the company uses traditional costing method and absorbs all production overheads on the basis of machine hours. The machine hour rate of overheads is 7 90 per hour. Direct labour hour rate is
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