Question 2 (Total 8 marks) Crown Limited has been engaged to fabricate 1,000 units of...
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Question 2 (Total 8 marks) Crown Limited has been engaged to fabricate 1,000 units of customised computer chips. The following information relates to the customized computer chips: Direct materials in kg placed into production 2,500 kg Direct materials cost per kg $12 per kg Direct labour hours worked 1,500 hours Direct labour rate per hour $10 per hour Factory overhead rate is applied at $8 per direct labour hour. Required: Calculate the the total costs for the customised computer chips and the cost per unit for each computer chip. Show separately the costs for direct materials, direct labour, applied overhead and cost per unit. Show your workings clearly, (8 marks)
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