Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

An estimated job cost sheet listed these figures: materials $\u00050680$, labour at $\u0005020$ per hour $\u00050200$, overheads at $\u0005010$ for each labour hour $\u00050100$, profit $\u00050280$, and price of job $\u000501260$. In reality, the job required $25\%$ more labour hours than had been estimated. What profit was actually made?

  • A$\$205$
  • B$\$230$
  • C$\$330$
  • D$\$355$

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