A company makes three products X, Y and Z for which details per unit are as follows: selling price $18 $35 $50 direct material costs $4 $5 $5 direct labour hours 0.5 2 2.5 The direct labour rate is $8.00 per hour. Direct labour hours are limited. In which order should the products be ranked to achieve the maximum profit with the available labour hours?

A production centre uses 20000 machine hours and 17000 labour hours each month. Which formula is used to calculate th…

The following information is available. budget actual overheads $60000 $66 000 direct labour 30 000 hours 35 000 hour…

A particular cost is classified as 'semi-variable'. What effect will a 20% reduction in activity have on the unit cost?

A business maintains a provision for doubtful debts of 5% per annum. It has trade receivables balances of $560000 at …

The statement of the financial position of a company shows the following: $ tangible non-current assets 20 600 intang…

An inexperienced bookkeeper calculated a draft profit for the year ended 31 December 2015 of $578 500. He had not acc…