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Greenstead Boats Ltd provides a boat repair service. Each month 10,000 direct labour hours are worked and charged to cost units (jobs carried out by
Greenstead Boats Ltd provides a boat repair service. Each month 10,000 direct labour hours are worked and charged to cost units (jobs carried out by the business). The business has overheads of 104,000 each month. A recent boat repair undertaken by the business used direct materials costing 1,925. Direct labour worked on the repair was 26 hours and the wage rate is 17 an hour. The business charges overheads to jobs on a direct labour hour basis. What is the full (absorption) cost of the job? (Round to nearest pence.) The full (absorption) cost of the job is
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