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Mr phones buys phone parts from several well know phone manufacturers, assembles the phone, brands it and then packs it ready to sell to the customers. When he buys the phone it costs 200 and he treats this as his direct costs in the standard cost card. Overheads for the three processes are as follows: Phone Assembly Branding Packaging Labour hours Machine hours Annual Overheads () 6,000 15,000 4,500 It takes the following times to complete each task: Assembly Branding Packing Time taken to complete task in minutes 200 300 100 20 15 10 Mr phones adds a profit mark up of 20% to all his products Required Complete the standard Cost Card Below Enter all values to 2 demical place with no E sign Standard Cost Card E Direct Costs 200.00 1 Phone Assembly Branding Packaging Total Cost Profit Mark up Selling Price 2096 River entreprises uses a predetermined overhead recovery rate based on hours. A summary of the factory overheads budgeted and incurred are shown below; Budgeted Overheads 360,000.00 Actual Overheads incurred 61,500.00 Overheads absorbed during the year 142,800.00 Actual hours 29,750 What was the company's budgeted yevel of machine hours for the year? Round off your answer to the nearest whole number Next page ce OUS ACTIVITY Standard Cost Card and CVP (Concepts 1 - 4) NEXT ACTIVITY Week 1 Forums and Questions