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Following information is taken from the costing records of Samsung Electronics, in respect of Job No. 225. Calculate the profit at 20% of cost of
Following information is taken from the costing records of Samsung Electronics, in respect of Job No. 225. Calculate the profit at 20% of cost of production, and estimate the selling price of Job No. 225. Also, analyze the linkage between cost of production and estimation of selling price. a. General overhead expenses is 40% of factory overheads. b. Direct material cost $170,000. C. Selling overheads 10% of factory cost. d. Direct expenses 30% of labour cost. e. Factory overheads 20% of prime cost. f. Direct labour 50% of material cost
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