| Overhead Absorption Rate | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 |
|---|---|---|---|
| Department X | Total Overhead | ||
| Total Direct Machine Hours | |||
| 26000 | |||
| 8000 | |||
| 3.25 | |||
| Department Y | Total Overhead | ||
| Total Direct Labour Hours | |||
| 37500 | |||
| 25000 | |||
| 1.5 | |||
| Angus Carpenters Plc | |||
| Job Costing Statement - Job No 55 | |||
| £ | £ | ||
| Direct Materials | |||
| Dept X (50 m @ £18.00) | 900 | ||
| Dept X (45m @ £4.10) | 184.49999999999997 | ||
| Dept Y (20m @ £1.20) | 24 | 1108.5 | |
| Direct Labour | |||
| Dept X (10 hrs x £14.20) | 142 | ||
| Dept X (6 hrs x £16.00) | 96 | ||
| Dept Y (20 hrs x £13.40) | 268 | 506 | |
| Direct Expenses | 24 | ||
| PRIME COST | 1638.5 | ||
| Overheads | |||
| Dept X (12 hrs x £3.25) | 39 | ||
| Dept Y (20 hrs x £1.50) | 30 | 69 | |
| TOTAL COST | 1707.5 | ||
| Profit (40% Profit Margin) | 1138.333333333333 | ||
| SELLING PRICE OF JOB NO 55 | 2845.833333333333 |