Task 5 NDTE: The learner is eclgpleuctsnT to use. or: appropriate presentation form m produce a handout tstteeeseessesst fee and were The retail group has introduced a new.r product and uses a standard cost system. Standard costs for 1 DUB kilograms ofthe new.r product are: ass mm -s- -a mu m 2mm The production of 1 DUB kilograms of the [LEW product requires 1 EDI] kilograms of raw materials. Hence the yield is 1 DUB .f' l EDD or are of input. Materials records indicate. Dpening Purchases Closing Invent\" {units} in A I ril [events 20 non kilograms 324 on {a 1143 30 on lolograms \"humanism monesm EtHllhlograms 300001ciln~~r ct To convert 1 21313 kilograms of raw materials into 1 131313 kilograms of nished product required 25 hours of labour at 8.25 per hour. Actual direct labour hours and costs are 3,390 hours at 31,35. Factory overhead is applied on a direct labourhour basis at a rate of 9 per hour [5 fined, 4 variable). Factory overhead is 36,13 with 4, direct labour hours. Actual overheads are 33,, Actual nished production is Z new products. The standard cost per kilogram of the nished product: more kilogram 0.24 while 0.20 wrkilo The standard selling price per unit 25% mark up on total cost The actual selling prices 2D% mark up on total cost