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QUESTION 3 The following data are available: Budgeted output for the year 9 800 units Standard per unit: Material Labour - Masing department - Finishing department 40m @ N$5.30 perm 48 hours @ N$2.50 per hour 30 hours @ N$1.90 per hour per labour hour per labour hour Budgeted overheads and hours per year -Variable NS Masing department N$0.75 Finishing department N$0.50 Fored Production 392 000 Sales and distribution 196 000 Administration 98000 Variable production overheads are based on direct labour hours. REQUIRED: (a) to calculate the following standard costs per unit primary costs variable production costs total production costs IM total costs (b) to calculate the sales price per unit if a profit margin of 15% on the sales price is maintained. Unit 1 - Review Questions QUESTION 4 North Coast Boards manufactures various types of furniture. During a particular month, 2000 units were manufactured and sold. The following cost details were provided Cost item NS(per unit) Timber 100 Labour cost (carpenter) 80 Variable factory overhead 50 Commission 20 Other costs incurred were N$20 000 for fixed factory overheads and N$15 000 for fixed selling expenses. REQUIRED: calculate the following: a) Total conversion cost b) Prime cost per unit c) Total manufacturing cost d) Total operating cost e) Product and period cost

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