Question
QUESTION 1 Explain the following cost behavior. i) Variable cost ii) Fixed Cost iii) Mixed Cost (Draw the graph and provide one example of each
QUESTION 1
Explain the following cost behavior.
i) Variable cost ii) Fixed Cost iii) Mixed Cost
(Draw the graph and provide one example of each cost behavior.)
2 QUESTION
TWK Sdn.Bhd. is a manufacturing company. The following relates to budgeted production of 100 units of product AB:
i. Direct material costs: 100 units @ RM50 per unit. ii. Direct labour rates are:
JOB A: Assembly = RM 8 per hour
JOB B: Packing = RM 7 per hour
JOB (100 units of AB) | Labor Hours |
Assembly | 60 |
Packing | 36 |
Factory overhead to produce 100 units of product AB is RM 1,200.
Direct expenses are RM850.
Required:
Calculate the PRIME COST of product AB.
Calculate the PRODUCTION COST of product AB.
Calculate the selling price of the job if the profit is set at 20% mark-up.
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