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A recycled plastic cutlery company has overheads of 960398. The company produces two products: knives and forks. The company uses traditional absorption costing to allocate

A recycled plastic cutlery company has overheads of 960398. The company produces two products: knives and forks. The company uses traditional absorption costing to allocate overheads to its products based on labour minutes. Knife Fork Production (units) 1849159 1971543 Minutes per unit 0.5 0.2 Using traditional absorption costing based on labour minutes work out the overhead absorption rate per unit of Fork. (Round your answer to 2.d.p) Question 25 Select one: a. 0.13 b. 0.36 c. 0.15 d. 0.73

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