Midlands Refrigeration estimates the costs per unit of a product as: Raw materials 40 kg @ 2.50
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Question:
Midlands Refrigeration estimates the costs per unit of a product as:
Raw materials | 40 kg @ 2.50 per kg |
Production labour | 7 hours machining @ 12 per hour |
4 hours finishing @ 7 per hour |
Variable production overhead @ 5 per direct labour hour.
Fixed production overhead of 1,000,000 is based on a production volume of 12,500 units.
Calculate the:
- variable production cost;
- total production cost.
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
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