C & T, a car company produces various types of car in the market. The company...

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C & T, a car company produces various types of car in the market. The company got a contract to supply 10 units of car model ABC (Job 110) to H & T Sdn Bhd at a total selling price of $3,000,000. Direct raw materials and direct labour are 30% and 20% of total selling price respectively. C & T used machine hours as the basis to allocate its overhead cost to Job 110 and machine hours used by Job 110 is 2,000 hours. Total machine hours used for all jobs including Job 110 are 10,000 hours. Actual manufacturing overhead cost is 50% of total selling price. Calculate the following: Unit cost rate Indirect cost for Job 110 Total cost for Job 110 Gross profit for Job 110 (5 Marks) (10 Marks) (15 Marks) (10 marks) C & T, a car company produces various types of car in the market. The company got a contract to supply 10 units of car model ABC (Job 110) to H & T Sdn Bhd at a total selling price of $3,000,000. Direct raw materials and direct labour are 30% and 20% of total selling price respectively. C & T used machine hours as the basis to allocate its overhead cost to Job 110 and machine hours used by Job 110 is 2,000 hours. Total machine hours used for all jobs including Job 110 are 10,000 hours. Actual manufacturing overhead cost is 50% of total selling price. Calculate the following: Unit cost rate Indirect cost for Job 110 Total cost for Job 110 Gross profit for Job 110 (5 Marks) (10 Marks) (15 Marks) (10 marks)

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