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I have an exam please solve it within 5 to 10mins Analyze the following information taken from the costing records of LG Electronics, a refrigerator
I have an exam please solve it within 5 to 10mins
Analyze the following information taken from the costing records of LG Electronics, a refrigerator manufacturing company in respect of Job No. 555 and calculate the profit at 30% of cost of production, and estimate the selling Q no or price of Job No. 555. General overhead expenses is 40% of factory overheads. Tir b. Direct material cost $85per unit, company use 1,000 units. Selling overheads 10% of factory cost. d. Direct expenses 30% of labour cost. Factory overheads 20% of prime cost. f. Direct labour 50% of material costStep by Step Solution
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