| Overhead Absorption Rate | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 |
|---|---|---|---|
| Cleaning | Total Overhead | ||
| Total Direct Labour Hours | |||
| 10000 | |||
| 2500 | |||
| 4 | |||
| Repairing | Total Overhead | ||
| Total Direct Machine Hours | |||
| 16000 | |||
| 8000 | |||
| 2 | |||
| Furniture Restorers Plc | |||
| Job Costing Statement - Job No 28 | |||
| £ | £ | ||
| Direct Materials | |||
| Cleaning | 280 | ||
| Repairing (120 m @ £3.50) | 420 | ||
| Repairing (60 m @ £5.80) | 348 | 1048 | |
| Direct Labour | |||
| Cleaning (20 hrs @ £18) | 360 | ||
| Repairing (80 hrs @ £20) | 1600 | 1960 | |
| Direct Expenses | 0 | ||
| PRIME COST | 3008 | ||
| Overheads | |||
| Cleaning (20 hrs @ £4) | 80 | ||
| Repairing (40 hrs @ £2) | 80 | 160 | |
| TOTAL COST | 3168 | ||
| Profit (30% x Total Cost) | 950.4 | ||
| SELLING PRICE OF JOB NO 28 | 4118.4 |