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i need the answer please! Question A3 B Ltd operates with an absorption job costing system. Budgeted information for the control period ahead: Production overheads:
i need the answer please!
Question A3 B Ltd operates with an absorption job costing system. Budgeted information for the control period ahead: Production overheads: 450,000 . Direct labour hours: 50,000 Other overheads (selling; administration): 200,000 Total production costs: 1,000,000 . Production overheads are absorbed on a direct labour hour basis and other overheads as a % of total production costs. B sets selling price to provide a 25% profit margin (i.e. on sales). Job XYZ Direct Costs: Direct materials: 5kg @ 8.00 per kg Direct labour: 6 hours at 10.00 per hour Required: (a) Calculate the selling price to be charged for Job XYZ. [7] (b) Identify and explain, briefly, three distinctions between management and [3] financial accounting Step by Step Solution
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