Ltd is a specialist engineering company. The following costs relate to batch JB9002. Direct materials Direct...

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Ltd is a specialist engineering company. The following costs relate to batch JB9002. Direct materials Direct labour: 10,277 Dept X 610 hours at 4.50 per hour Dept Y 820 hours at 5.00 per hour 500 units were produced in batch JB9002. You are informed that: (1) Factory overheads are absorbed on the basis of direct labour hours. Budgeted factory overhead for the current year is 80,000, three fifths of which relate to Department X. Budgeted direct labour hours are 30,000 hours, one third of which relate to Department Y. (2) The company uses a cost plus system for establishing selling prices and expects a gross profit Ltd is a specialist engineering company. The following costs relate to batch JB9002. Direct materials Direct labour: 10,277 Dept X 610 hours at 4.50 per hour Dept Y 820 hours at 5.00 per hour 500 units were produced in batch JB9002. You are informed that: (1) Factory overheads are absorbed on the basis of direct labour hours. Budgeted factory overhead for the current year is 80,000, three fifths of which relate to Department X. Budgeted direct labour hours are 30,000 hours, one third of which relate to Department Y. (2) The company uses a cost plus system for establishing selling prices and expects a gross profit