A manufacturing business provides the following budgeted annual information. direct wages ($12 per labour hour) $600 000 fixed overheads $160 000 Fixed overheads are absorbed on the basis of direct labour hours. A job requires direct materials costing $480 and needs 30 labour hours. The business wishes to make a profit margin of 25% for this job. What is the price to be quoted for this job?

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 produces and sells watches. In 2015, 4000 watches were produced and 3600 watches were sold. Other informat…

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…

A computer used for demonstration to customers was treated as capital expenditure. At the end of the year a customer …