Question: please do this. it's urgent. within 30 mins Question #04 Marks : 10 A small factory presents the following per unit cost for Job #
Question #04 Marks : 10 A small factory presents the following per unit cost for Job # 421 to determine the selling price Materials Tk. 70.00 Direct wages (18 hours @ Tk. 2.50 per hour) Tk. 45.00 (Dept. A 8 hours, Dept. B, 6 hours Dept. C 4 hours) Chargeable expenses (special stores items) Tk. 5.00 Tk. 120.00 Add 33.33% for expenses Tk .40.00 Total Tk. 160.00 Analysis for the Profit & Loss Account for the current year Sales less returns Tk. 250,000.00 Materials Tk. 150,000.00 Direct wages (Dept. A Tk. 10,000.00 +Dept. B TK. 12,000.00+Dept. C TK 8,000.00) Tk. 30,000.00 Special Store items Tk. 4.000.00 Overheads Dept.(A Tk.5,000.00+ Dept. B Tk. 9,000.00+ Dept. C Tk 2,000.00) Tk. 16,000.00 Tk 200.000.00 Gross profit Tk. 50,000.00 Selling expenses Tk. 20,000.00 Net Profit Tk. 30,000.00 It is also noted that average hourly rates for the 3 departments A, B &C are similar. Direct labour hour method is followed to absorb overheads Required: Calculate revised cost for the current year using actual figures as basis and add 20% to total costs to determine selling price
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