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
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Dr phones buys phone parts from several well know phone manufacturers, assembles the phone, brands it and then packs it ready
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
8
Transcribed Image Text:Dr phones buys phone parts from several well know phone manufacturers, assembles the phone, brands it and then packs it ready 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 8
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