Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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!
image text in transcribed
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

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

Financial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

5th Edition

9781118560952, 1118560957, 978-0470239803

More Books

Students also viewed these Accounting questions