Du Pont Limited manufactures a wide range of knifes in its machine shop. The following is...

 

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Du Pont Limited manufactures a wide range of knifes in its machine shop. The following is the production budget for 2022: Direct material Direct labour at $5 per hour Production overhead Budgeted direct labour hours Budgeted machine hours. Required: - (a) Calculate the following 5 different budgeted production overhead absorption rates for 2022: . S Direct material costs in percentage. Direct labour hours. Direct labour costs. Machine hours. Percentage in prime costs. 80,000 100.000 120,000 300.000 20,000 10,000 (30 marks) (b) Calculate the production cost of a job which will be made in 2022, using each of the budgeted production overhead absorption rates you obtained in (a). The job details are as follows: direct material - $240, direct labour - 40 hours, direct labour costs- $200 and machine hours - 75. 150 JY Du Pont Limited manufactures a wide range of knifes in its machine shop. The following is the production budget for 2022: Direct material Direct labour at $5 per hour Production overhead Budgeted direct labour hours Budgeted machine hours. Required: - (a) Calculate the following 5 different budgeted production overhead absorption rates for 2022: . S Direct material costs in percentage. Direct labour hours. Direct labour costs. Machine hours. Percentage in prime costs. 80,000 100.000 120,000 300.000 20,000 10,000 (30 marks) (b) Calculate the production cost of a job which will be made in 2022, using each of the budgeted production overhead absorption rates you obtained in (a). The job details are as follows: direct material - $240, direct labour - 40 hours, direct labour costs- $200 and machine hours - 75. 150 JY