Question 7

A job requires 500 kilograms of materials, 12 direct labour hours and overheads are allocated at 2.50 per direct labour hour. Materials cost 8 per kilogram and labour costs are 15 per hour.

What is the cost of this job?

A 4,210

B 4,000

C 4,030

D 4,180

Question 8

For October, a business has total cash inflow of 20,000. October expenses are 12,000 (which include 400 of depreciation) and 3,500 will be paid next month. If the opening cash balance for October was 5,000, what is Octobers closing cash balance?

A 17,700

B 16,900

C 13,000

D 25,000