Question 3 a)Discuss, using figures to show how to calculate the cost per unit in Job costing (AN:9) (b) A business has a job costing system and prices jobs using a constant mark-up on total absorption cost. The cost estimate for job 25 are as follows: Direct materials 100kg @ Ghc10 per kg Direct labour 60 hours @ Ghc8 per hour Variable production overhead Ghc8 per direct labour hour Fixed production overheads are budgeted as Ghc60,000 and are absorbed on the basis of direct labour hours The total budgeted direct labour hours for the period are 20,000. 2. Other overheads are recovered at the rate of Ghc70 per job Calculate the total cost job for job 25 (c)Explain how you will price Job 25 using a margin of your choice