Please help me Question 2A Shoes manufacturing business produces quality customized footwear to client's orders. Theunits were manufactured as Job #240. It has three production departments A, B and C whoseoverhead absorption rates are as follows:$190 per labour hour$156 per labour hourCAВ$168 per labour hourDirect production costs incurred are:Direct Materials$5000Dept ADept BDept C40 hours @ $90.00 per hour20 hours @ $70.00 per hourLabour:10 hours @ $50.00 per hourGeneral administrative expense is 25% of total cost. Profit is to be calculated at 20% mark-up.Required to:А.Calculate the selling price for job #240В.State ONE (1) advantage and ONE (1) disadvantage of using the ABC approach.С.Outline the FOUR (4) stages of the ABC process

Let the total cost be X Total cost = Direct material + Direct labour + Overhead cost + General…

A Shoes manufacturing business produces quality customized footwear to client's orders. The units were manufactured as Job #240. It has three production departments A, B and C whose overhead absorption rates are as follows: $190 per labour hour $156 per labour hour C A В $168 per labour hour Direct production costs incurred are: $5000 40 hours @ $90.00 per hour 20 hours @ $70.00 per hour 10 hours @ $50.00 per hour Direct Materials Dept A Dept B Dept C Labour: General administrative expense is 25% of total cost. Profit is to be calculated at 20% mark-up. Required to: A. Calculate the selling price for job #240 В. State ONE (1) advantage and ONE (1) disadvantage of using the ABC approach. С. Outline the FOUR (4) stages of the ABC process

A Shoes manufacturing business produces quality customized footwear to client's orders. The units were manufactured as Job #240. It has three production departments A, B and C whose overhead absorption rates are as follows: $190 per labour hour $156 per labour hour C A В $168 per labour hour Direct production costs incurred are: $5000 40 hours @ $90.00 per hour 20 hours @ $70.00 per hour 10 hours @ $50.00 per hour Direct Materials Dept A Dept B Dept C Labour: General administrative expense is 25% of total cost. Profit is to be calculated at 20% mark-up. Required to: A. Calculate the selling price for job #240 В. State ONE (1) advantage and ONE (1) disadvantage of using the ABC approach. С. Outline the FOUR (4) stages of the ABC process

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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