Costs that vary in proportion to the level of production in a manufacturing environment are known as?

Compute the overhead rate?

Nasara Manufacturing Plc has three direct labour employees that work 40 hours each a week for 50 weeks a year. Factory overhead costs of N60,000 is distributed on the basis of direct labour hours. A. N12 per hour B. N16 per hour C. N10 per hour D. N15 per hour Correct...
Costs that vary in proportion to the level of production in a manufacturing environment are known as?

The cost of goods manufactured is?

Stock or raw materials(1st January) 3000 Direct wages 2500 Direct expenses 1000 Factory overheads 2000 Cost of raw materials used 5500 Stock of finished goods (31st December) 2000 A. N11000 B. N12000 C. N14000 D. N9000 Correct Answer: Option A –...

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