Find the above attached question and give the answer properly. 2. Production costs of...
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Accounting
Find the above attached question and give the answer properly.
2. Production costs of a factory for a year are as follows: 80,000 1.20,000 Direct Wages Direct Materials Production Overheads: Fixed Variable 40,000 60,000 During the forthcoming year it is anticipated that: a. The average rate for direct labour remuneration will fall from Re.0.80 per hour to Re. 0.75 per hour. b. Price per unit of direct material and of other materials and services which comprise overheads will remain unchanged, and c. Production in the coming year will increase by 33 1/3% Draw up a production cost budget
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