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The production department of Marks(Pty) Ltd has submitted the following forecast of units to be produced by quarter for the upcoming financial year Each unit
The production department of Marks(Pty) Ltd has submitted the following forecast of units to be produced by quarter for the upcoming financial year Each unit requires 0,2 direct labour hour and direct labourers are paid R12 per hour In addition ,the variable manufacturing Overhead rate is R1.75 per direct labour hour. The fixed manufacturing overhead is R86 000 per quarter. The only non-cash element of manufacturing overhead is depreciation which is R23 000 per quarter Required 1. Prepare the company's direct labour budget for the upcoming financial year ,assuming g that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced (7) 2. Prepare the company's manufacturing overhead budget ( 8 )
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