Following have been extracted from the accounts of Meera & Co, which is a furniture company.

1) Find the cost of producing each type of table

2) The company wants to make 10% profit over cost on each table then what will be the sale price of each.

 

Wood- direct Material in Usd Teak wood 1100 Mango Wood Mahogany wood 1500 700 Direct Wages Total number of Hours Rate of pay per hour $ 10 $ 15 $ 20 Teak wood 90 Mango Wood Mahogany wood 110 70 Other Overheads in Usd Power and Light 15000 Rent 30000 Insurance of assets 9000 Meal charges 12000 Depreciation 5% of assets Activity driver Teak Mango Mahogany Area (in sq feet) 600 450 250 Value of assets 1500000 2400000 1500000 Machine hours and electric 6000 5000 2600 Number of employees 75 100 25 Direct labour hours 90 110 70