Halima & Co has just been awarded a contract by Exxon Mobil. The Job...
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Halima & Co has just been awarded a contract by Exxon Mobil. The Job requires 30 kgs of a material which cost $16 per kg, as well as, 1kg of a special component that can be bought at a cost of $140 per kg. 20 hours labour were spent on the job and the employees were paid at $8 per hour. In addition, 4 hours was spent by a supervisor who was paid at $14 per hour. Overheads are absorbed at the rate of $4 per labour hour. Required: Calculate the total absorption cost of the job.
Halima & Co has just been awarded a contract by Exxon Mobil.
The Job requires 30 kgs of a material which cost $16 per kg, as well as, 1kg of a special component that can be bought at a cost of $140 per kg.
20 hours labour were spent on the job and the employees were paid at $8 per hour.
In addition, 4 hours was spent by a supervisor who was paid at $14 per hour.
Overheads are absorbed at the rate of $4 per labour hour.
Required:
Calculate the total absorption cost of the job.
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