multiple choice test questions 4, 5 & 6 don't understand how the got the answers, someone please help with workings for paper F2
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MAchapter 7 accounting for overheads
Paper F2
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A company operates a job costing system. Job number 1203 requires $300 of direct materials and $400 of direct labour. Direct labour is paid at the rate of $8 per hour. Production overheads are absorbed at a rate of $26 per direct labour hour and non-production overheads are absorbed at a rate of 120% of prime cost. What is the total cost of job number 1203. I have the answer i just don't understand how the got it please help
This is not a quote its actually a question can anyone answer
Please help with workings for this question
A company operates a job costing system. Job number 1203 requires $300 of direct materials and $400 of direct labour. Direct labour is paid at the rate of $8 per hour. Production overheads are absorbed at a rate of $26 per direct labour hour and non-production overheads are absorbed at a rate of 120% of prime cost. What is the total cost of job number 1203. I have the answer i just don't understand how the got it please help
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