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Please, I need the answer and the approaches step by step( all the information about how to get the data) in an easy way for
Please, I need the answer and the approaches step by step( all the information about how to get the data) in an easy way for my understanding Thanks!
Rallyon produces individual products to specific customers requirements. Job No. 6834 has recently been completed and details are given below 30 metres 10 components E8 per kg E10 per metre ELS each 5 500 kgs Material cost Direct labour hours Direct machine hours 40 10 50 The labour cost in each department is: Foundry . 5 per hour 8 per hour E6 per hour Machining Assembly The production overhead is recovered on the basis of diroct labour hours in the Foundry and Assembly departments and on the basis of direct machine hours in the Machining department. The relevant budget extracts for the year are given below: Foundry MachiningAssembly 200,000 150,000 Budgeted overheads 100,000 Budgeted direct labour hours 10,000 8,000 40,000 Budgeted direct machine hours 10,000 50,000 5,000 Design and development costs for the prototype were 500 The company profit requirement is 25% adds 10% to cost to cover administration overheads. The of sales price Required: Calculate the selling price of Job. No. 6834 showing all detailed calculations (25 marks)
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