Velukoshi Shoes is a company that produces high quality footwear. The company distributes their products into...

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Velukoshi Shoes is a company that produces high quality footwear. The company distributes their products into markets within Namibian towns and neighboring country. In 2023, the plan to manufacture 9 800 units of one of their premium brands. The following information relates to this premium brand: Direct materials Direct labour Indirect labour (40% fixed) Variable overheads Fixed production overheads Selling and distribution overheads Administration REQUIRED: Calculate the following Prime cost Variable production cost Conversion cost 1.1 1.2 1.3 1.4 Total production cost 1.5 Period cost 1.6 Fixed cost per unit 1.7 Total variable cost when 10 000 units are produced Total N$ 520 000 256 000 190 000 525 000 401 000 204 000 102 000 MARKS 2 2 2 2 2 2 2 14 Velukoshi Shoes is a company that produces high quality footwear. The company distributes their products into markets within Namibian towns and neighboring country. In 2023, the plan to manufacture 9 800 units of one of their premium brands. The following information relates to this premium brand: Direct materials Direct labour Indirect labour (40% fixed) Variable overheads Fixed production overheads Selling and distribution overheads Administration REQUIRED: Calculate the following Prime cost Variable production cost Conversion cost 1.1 1.2 1.3 1.4 Total production cost 1.5 Period cost 1.6 Fixed cost per unit 1.7 Total variable cost when 10 000 units are produced Total N$ 520 000 256 000 190 000 525 000 401 000 204 000 102 000 MARKS 2 2 2 2 2 2 2 14

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11 Prime Cost Direct Materials Direct Labor Prime Cost 520000 256000 776000 12 Varia... View the full answer