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Greatest Gift Company Limited has hired you to intern in the management accounting department. The company operates a job costing system. Mr. Steven has engaged

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Greatest Gift Company Limited has hired you to intern in the management accounting department. The company operates a job costing system. Mr. Steven has engaged the company to do a job for him. You are tasked with finding the selling price of Job T424. The following information was gathered: Production overheads are absorbed based on direct labour hour. Non-production overheads are absorbed at a rate of 60% of prime cost. Jobs have a margin of 20%. Required: Calculate the price of Job T424

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