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A firm's production overhead is absorbed at the rate of Gh8.50 per machine hour. In order to allow for non-production overhead costs and profit, a

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A firm's production overhead is absorbed at the rate of Gh8.50 per machine hour. In order to allow for non-production overhead costs and profit, a mark-up of 60% of prime cost is added to the production cost when preparing price estimates. The estimated requirements of this job is as follows: Direct materials Gh10,650 Direct labour Ghc3,260 Machine hours 140 What will be the estimated price of the job above

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