Marinos Limited manufactures a product which passes through several processes of production. In respect of Process 1, at the start of the October there are 4,000 units in opening work-in-progress, with an associated materials cost of 12,000 and conversion cost of 2,100. During October 16,000 units are started. During October, materials costs of 26,000 are incurred, along with conversion costs of 7,500. At the end of October there are 2,000 units of closing work-in-progress which are deemed to be 60% complete. Materials are added half way through Process 1. The cost of materials in work-in-progress at the end of October will be: A company manufactures high-quality china plates, which are hand-painted. It has a budgeted overhead of 20,000, taking 150 machine hours and 800 direct labour hours. Each plate uses 3 of direct materials, 0.25 labour hours at 10 per hour and 0.2 machine hours. What is the cost of a plate