A company has established the following annual budgets: A jo…
A company has established the following annual budgets:
A job has been accepted which has the following direct costs:
Direct materials – 18 kilos at £5.10 per kilo Direct wages – Dept A1 18 hours at £3.50 per hour Dept A2 32 hours at £3.00 per hour What is the total cost of the job. and what is the profit as a percentage of costs if the selling price is £500?
