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i need the answer n explaination too. 3,000 kgs of a material were used to a process at a cost of RM7/kg while 300 hours
i need the answer n explaination too.
3,000 kgs of a material were used to a process at a cost of RM7/kg while 300 hours labour was spent at a cost of RM12/hour. Overheads are absorbed at a rate of RM6/labour hour. Normal losses are incurred at the rate of 5% of input material used and lost units can be sold for RM1.20/kg and 2,700 units were produced. Determine the value of: (e) Total material cost (f) Total labour cost (g) Total overhead cost (h) Total input or overall cost (0) Normal loss (units) 0) Normal loss (RM) (k) Cost per unit (1) Abnormal loss (units) (m) Abnormal loss (RM) (n) Cost of finished goodsStep by Step Solution
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