Question: 1- 2- please answer 1 and 2 and i will give thumbs up. Thank you Joe's Garage allocates its Manufacturing Overhead based on direct labour
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please answer 1 and 2 and i will give thumbs up. Thank you
Joe's Garage allocates its Manufacturing Overhead based on direct labour hours. Below is Joe's Garage's 2023 Budget. A new customer has come in and asked for a quote to repair their car. Joe expects the job to take 17 direct labour hours, and total direct material and labour costs would be \\( \\$ 1,000 \\). If Joe wants to maintain a \25 Gross Margin. how much should the iob be quoted for? Koa's Fluffy Boas makes a product that passes through two departments. Data for the first department is as follows: The WIP - Opening has \60 of its material and \25 of its conversion costs allocated. The WIP - Closing has \40 of its material and \20 of its conversion costs allocated. Required: Determine the cost per equivalent units for the period. Worth 5 marks
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