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QUESTION 1- Batch Costing CANDICE Ltd. Is a Small Jobbing Engineering Manufacturer, and has the following budgeted overheads for the year, based on normal production

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QUESTION 1- Batch Costing CANDICE Ltd. Is a Small Jobbing Engineering Manufacturer, and has the following budgeted overheads for the year, based on normal production levels: Selling and Administrative Overheads are 45% of Factory Cost. An Order for 600 Assemblies Type P34 incurred the following costs: GHS1,380.00 was paid to hire special X-Ray equipment for testing the welds. GHS 52.50 was paid for the Welding Certification Each Job is required to make a Profit of 25% of the Selling PricE The time booked in the machine shop was 750 hours. YOU ARE REQUIRED TO: Part A Calculate for making a Batch of 600 Assemblies the 1. Prime Cost 2. Indirect Cost 3. Factory Cost 4. The Selling Price per assembly 5. The Profit per assembly

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