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Simbo Ventures operates a job costings system with a mark-up of 10% of the total cost. The prime cost for the current job is GHS
Simbo Ventures operates a job costings system with a mark-up of 10% of the total cost. The prime cost for the current job is GHS 6,840 and it requires 156 direct labour hours. The fixed production overhead is absorbed on direct labour hours. The budgeted overhead absorption rate was based upon a budgeted fixed overhead of GHS 300,000 and total budgeted direct labour hours of 60,000. What should the Job be sold for?
a.
GHS 7,620
b.
GHS 9,525
c.
GHS 9,144
d.
GHS 8,382
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