Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dashboard Myareas My Media Student Help v v Staff Help v v Mr phones buys phone parts from several well know phone manufacturers, assembles the

Dashboard Myareas My Media Student Help vv Staff Help vv
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;
\table[[,Phone Assembly,Branding,Packaging],[Labour hours,200,,],[Machine hours,,300,100],[Annual Overheads (),6,000,15,000,4,500]]
It takes the following times to complete each task;
\table[[,Assembly,Branding,Packing],[Time taken to complete task in minutes,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 sign
Standard Cost Card
Direct Costs
Phone Assembly
Branding
Packaging
Total Cost
Profit Mark up
20%
?
Selling Price
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Jeff Madura

13th Edition

0357130790, 978-0357130797

More Books

Students also viewed these Finance questions