Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Job No. 666 required 20 kgs of a material in stores which cost $15/kg, and also a special component had to be bought at a

image text in transcribed
Job No. 666 required 20 kgs of a material in stores which cost $15/kg, and also a special component had to be bought at a cost of $150. 30 hours labour were spent on the job where the employees were paid at $9/hour. In addition, 3 hours was spent by a supervisor who is paid at $15/hour. Overheads are absorbed at the rate of $4/labour hour. Required - Calculate the total absorption cost of the job

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

European Financial Reporting Adapting To A Changing World

Authors: J. Flower

2nd Edition

0333685180, 9780333685181

More Books

Students also viewed these Accounting questions

Question

Discuss the various types of policies ?

Answered: 1 week ago

Question

Briefly explain the various types of leadership ?

Answered: 1 week ago

Question

Explain the need for and importance of co-ordination?

Answered: 1 week ago

Question

Explain the contribution of Peter F. Drucker to Management .

Answered: 1 week ago

Question

2. What factors infl uence our perceptions?

Answered: 1 week ago

Question

4. Does mind reading help or hinder communication?

Answered: 1 week ago