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Twain Ltd produces garden furniture in a wide range of designs. (Click here to view the business predicts for next month) The business has received

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Twain Ltd produces garden furniture in a wide range of designs. (Click here to view the business predicts for next month) The business has received an order for some patio furniture. It is estimated that the furniture will take 49 direct labour hours to produce and will require materials costing 1,300. The business uses a direct labour hour basis of charging indirect cost (overheads) to individual jobs. A mark-up of 65% on cost is used when charging customers What is the price to be charged to the customer for the patio furniture? (Round your calculations to nearest and final answer to nearest 10.) E The price to be charged to the customer for the patio furniture is Data table 1 Direct labour cost 73.000 2. Direct labour time 5,100 hours $ 27000 3. Indirect labour cost 14.000 f 16.000 9,000 4. Depreciation of machinery 5. Rent of factory 6. Heating lighting and power 7. Indirect materials 8. Other miscellaneous indirect cost elements (overheads) 9 Direct materials cost 4,600 4.900 57,000

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