In Fiona's product workshop, a particular job, known as VT17, consumed £6,900 of materials, and incurred 60 hours of direct labour during March 20X2. The relevant total production data during March 20X2 were as follows. Production department 160,000 Direct wages (£) Budgeted overheads chargeable (£) 120,000 Direct labour hours worked 10,000 Required: Calculate to the nearest £ the total production cost of job VT17 if overheads are absorbed on the basis of direct labour hours.
In Fiona's product workshop, a particular job, known as VT17, consumed £6,900 of materials, and incurred 60 hours of direct labour during March 20X2. The relevant total production data during March 20X2 were as follows. Production department 160,000 Direct wages (£) Budgeted overheads chargeable (£) 120,000 Direct labour hours worked 10,000 Required: Calculate to the nearest £ the total production cost of job VT17 if overheads are absorbed on the basis of direct labour hours.
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 10EB: Inez has the following information relating to Job AA5. Direct material cost was $200,000, direct...
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