Dr phones buys phone parts from several well know phone manufacturers, assembles the phone, brands it and then packs it reac sell to the customers. When he buys the phone it costs £200 and he treats this as his direct costs in the standard cost card. Overheads for the three processes are as follows; Phone Assembly Branding Labour hours Machine hours Annual Overheads (£) 200 3,000 It takes the following times to complete each task 15% Assembly Time taken to complete task in minutes Dr phones adds a profit mark up of 15% to all his products Required Complete the standard Cost Card Below Enter all values to 2 demical place with no £ sign Standard Cost Card £ Direct Costs Phone Assembly Branding Packaging Total Cost Profit Mark up Selling Price 200.00 300 6,400 25 Packaging 100 2,500 Branding Packing 12

Dr phones buys phone parts from several well know phone manufacturers, assembles the phone, brands it and then packs it reac sell to the customers. When he buys the phone it costs £200 and he treats this as his direct costs in the standard cost card. Overheads for the three processes are as follows; Phone Assembly Branding Labour hours Machine hours Annual Overheads (£) 200 3,000 It takes the following times to complete each task 15% Assembly Time taken to complete task in minutes Dr phones adds a profit mark up of 15% to all his products Required Complete the standard Cost Card Below Enter all values to 2 demical place with no £ sign Standard Cost Card £ Direct Costs Phone Assembly Branding Packaging Total Cost Profit Mark up Selling Price 200.00 300 6,400 25 Packaging 100 2,500 Branding Packing 12

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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