Study the information provided below and answer the following question.
INFORMATION
Main Stay Enterprises operates a job costing system and has the aim of making a net profit of on sales. The cost
estimates for one particular job are as follows:
Direct Material at R per kilogramme
Direct Labour hours at per hour
The total overheads are budgeted at R and are absorbed on the basis of direct labour hours.
The budgeted labour hours are
Required:
Determine the sales price to be quoted for this job round off answer to two decimal places
Use the information provided below to answer the following question.
INFORMATION
Smart Leather Works SLW is a smallsized manufacturing enterprise which operates a job costing system. A cost
accountant has estimated that Job number requires direct materials amounting to R and R for direct
labour. Direct labour is paid at R per hour. Production overheads are absorbed at a rate of R per direct labour
and nonproduction overheads are absorbed at a rate of of prime costs.
Required:
Determine the cost of Job round off answer to two decimal places
