Gold Dust Ltd has produced the following budgeted data for its current financial year:- Sales 2900000...

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Gold Dust Ltd has produced the following budgeted data for its current financial year:- Sales 2900000 Direct materials 400000 Direct labour 500000 Production overhead 1200000 Production cost 2100000 Gross Profit 800 000 Labour hours 48000 Machine hours 60000 Output in units 400 Job 227 has recently been completed and the job sheet shows the following details. Direct materials Direct labour Labour hours used Machine hours used Required:- 1100 3000 110 140 a) Calculate the overhead absorption rates (POAR) using the following methods: % of direct materials % of direct labour Per unit produced Labour hour rate Machine hour rate b) Using the POARS calculated in part a) above, compute the production cost of Job 227 using each of the following methods: % of direct materials Labour hour rate Machine hour rate Gold Dust Ltd has produced the following budgeted data for its current financial year:- Sales 2900000 Direct materials 400000 Direct labour 500000 Production overhead 1200000 Production cost 2100000 Gross Profit 800 000 Labour hours 48000 Machine hours 60000 Output in units 400 Job 227 has recently been completed and the job sheet shows the following details. Direct materials Direct labour Labour hours used Machine hours used Required:- 1100 3000 110 140 a) Calculate the overhead absorption rates (POAR) using the following methods: % of direct materials % of direct labour Per unit produced Labour hour rate Machine hour rate b) Using the POARS calculated in part a) above, compute the production cost of Job 227 using each of the following methods: % of direct materials Labour hour rate Machine hour rate