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An engineering firm operates a job costing system. Production overhead is absorbed at the rate of N$8.50 per machine hour. In order to allow for
An engineering firm operates a job costing system. Production overhead is absorbed at the rate of N\$8.50 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 requirement of Job number 1 are as follows: Calculate the estimated price to the customer for job number 1
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