IA- You are given the total variable cost of $28,000 at a volume level of 5,500 garments and the fixed cost per garment of$ $2.72 at the 8,500 gament level. Now you can begin calculating cach Question of the other numbers. (4 marks) Volume Level Garments 5,500 Total Variable Costs 7,000 8,500 29000 Total Fixed Costs Total Operating Costs Variable Cost/gament Fixed Cost/garment 2.72 Average Cost/garment IB- From the following particulars, calculate the cost of Job No. 500B: (7 marks) Variable Overhead Hours Wage Details Amount Per hour Department Amount 10,000 12,000 5,000 2,000 $17,000 $25,000 $15,000 $8,000 Cutting Assembling Polishing Packing $2.00 $1.50 $2.50 $3.00 Working Hours Department Assembling Packing Polishing Cutting 60 30 50 40 The total fixed expenses amounted to $25,000 for 10,000 working hours and the material cost is Ioct of Job, profit at 14% of total cost, and estimate the selling price. IA- You are given the total variable cost of $28,000 at a volume level of 5,500 garments and the fixed cost per garment of$ $2.72 at the 8,500 gament level. Now you can begin calculating cach Question of the other numbers. (4 marks) Volume Level Garments 5,500 Total Variable Costs 7,000 8,500 29000 Total Fixed Costs Total Operating Costs Variable Cost/gament Fixed Cost/garment 2.72 Average Cost/garment IB- From the following particulars, calculate the cost of Job No. 500B: (7 marks) Variable Overhead Hours Wage Details Amount Per hour Department Amount 10,000 12,000 5,000 2,000 $17,000 $25,000 $15,000 $8,000 Cutting Assembling Polishing Packing $2.00 $1.50 $2.50 $3.00 Working Hours Department Assembling Packing Polishing Cutting 60 30 50 40 The total fixed expenses amounted to $25,000 for 10,000 working hours and the material cost is Ioct of Job, profit at 14% of total cost, and estimate the selling price