Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hi - Suptme Ludothers a complete interior design service for homes owned by wealthy individunts. The business has the following estimates for next month (Click

image text in transcribed hi
- Suptme Ludothers a complete interior design service for homes owned by wealthy individunts. The business has the following estimates for next month (Click here to view the estimate) The business has received an enqury about the interior design of a kitchen. It is estimated that it will take 120 direct labour hours to design and fit. It will also require materials costing 33.000 The business normally uses a direct labour hour basis of charging indirect cost (overheads) to Data Table 1 What will be the direct cost of designing and fitting the kitchen? 2 What is the overhead recovery rate per hour 3 What will be the full (absorption cost of designing and litting the kitchen? All calculations to nearest ponce Direct labour cost 120.000 Direct labour time 10,000 hours The direct cost of designing and fitting the schon 35620 Rent 22,000 The overhead recovery rate per hour = 259 Depreciation of equipment 5,000 The hul (absorption cost of designing and in the kitchen = 38228 Supervisors salaries 18000 Heating, lighting and power 18,000 Indirect matonals E4000 Other miscellaneous indirect cost elements (overheads) $2.000 Direct materials cost 148.000 Print Done

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

Artificial Intelligence In Accounting Organisational And Ethical Implications

Authors: Othmar M. Lehner, Carina Knoll

1st Edition

1032055626, 9781032055626

More Books

Students also viewed these Accounting questions

Question

What is a simulation analysis, and what can it tell us?

Answered: 1 week ago