The following information relates to the activities of the production department of Clough Limited for the month
Question:
The following information relates to the activities of the production department of Clough Limited for the month of March 2017:
The company adds a margin of 50 percent to the total production cost of specific units in order to cover administration expenses and to provide a profit.
Required:
(a) Calculate the total selling price of order number 123 if overhead is absorbed using the following methods of overhead absorption: direct labour hours; machine hours.
(b) State which of the two methods you would recommend for the production department.
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Step by Step Answer:
a Calculation of total selling price using direct labour hours method Step 1 Calculate the overhead cost per direct labour hour Overhead cost per dire...View the full answer
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