AJMAS enterprise is a furniture firm that has manufactured ten sets of furniture in th year...

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AJMAS enterprise is a furniture firm that has manufactured ten sets of furniture in th year ending 2019 and incurred the following costs: Particulars $ Timber consumed 50,000 Foam consumed 25,000 Printed Cloth 37,000 Direct labor wages per hour 100 Administrative costs 7,000 Shop rent 1,00,000 Indirect materials 10,000 Indirect labor 15,000 Other direct expenses 7,000 The total hours worked by the labor are 200 Calculate the following: i. Direct material ii. Direct labor iii. Direct expenses iv. Prime cost V. Draw a conclusion indicating the significance of using prime cost a measure of the profitability of the enterprise over overheads. AJMAS enterprise is a furniture firm that has manufactured ten sets of furniture in th year ending 2019 and incurred the following costs: Particulars $ Timber consumed 50,000 Foam consumed 25,000 Printed Cloth 37,000 Direct labor wages per hour 100 Administrative costs 7,000 Shop rent 1,00,000 Indirect materials 10,000 Indirect labor 15,000 Other direct expenses 7,000 The total hours worked by the labor are 200 Calculate the following: i. Direct material ii. Direct labor iii. Direct expenses iv. Prime cost V. Draw a conclusion indicating the significance of using prime cost a measure of the profitability of the enterprise over overheads.