Question: Que 3/ TASK 3 In May, Matrix Inc. worked upon several jobs and calculated cost using Normal Costing. Now it wants to figure out Cost

Que 3/ TASK 3 In May, Matrix Inc. worked upon several jobs and calculated cost using Normal Costing. Now it wants to figure out Cost of job no 690/2020 by using Actual Costing. Calculate both Normal Costing and Actual Costing and compare the results: (10 Points) Job No 690/2020 Direct Material Units RateCost DM 1 2000 1 550 250 DM 2 Direct Labour Hours Rate Skilled Workers 650 350 Unskilled Workers 1550 149 Manufacturing Overheads of the Division Rent 3,00,000 Water 15,000 Electricity 1,00,000 Meals 60,000 Total Labour hours of the division 6000 hours Manufacturing Overheads of the division Budgeted Manufacturing Overheads 4,50,000 Budgeted hours 8.000 Element of Competency Perform the financial tasks of an operation supply

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