Management Accounting: Decision and Control Test One
Q1 of 15
The following information has been calculated for the production of 1 unit of
Gamma
• Each unit will require 0.35 kilograms of material at a total cost of £14.00
• Each unit will require 45 minutes of labour at a cost of £12.00 per hour
• Fixed overheads total £63,000 and the estimated output will be 12,000
units of Gamma
• Fixed overheads are absorbed on a labour hour basis
Complete the standard cost card below. Show all figures to 2 decimal places.