Matrix Inc performs following job and it wants you to compute Actual Costing and Nominal Costing Based on following info:

Budgeted refers to labour hours

Que 2. Cost Direct Material DM_1 DM_2 Job No 668/2019 Units Rate 2000 400 10 140 Manufacturing Overheads of the division Direct Labour Skilled Workers Unskilled Workers Hours 500 2000 Rate 200 150 Budgeted 400,000 Budgeted 7,000 Manufacturing Overheads of the Division Rent 300,000 Water 23,000 Electricity 100,000 Meals 100,000 Labour hours 8,000