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a. Explain the 9 steps in carrying out the accounting process. [9 Marks] b. The following data has been provided by RumCo Manufacturing concerning one

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a. Explain the 9 steps in carrying out the accounting process. [9 Marks] b. The following data has been provided by RumCo Manufacturing concerning one of the most popular products. Labour = 12.8 hours at $18.75 hours/hour Factory Overhead = = 92% of labour Material costs = $65.10 Packing Costs = 10% of materials Sales commission = 10% of selling price Profit = 22% of selling price Estimate the selling price per unit [11 Marks]

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