Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

A business makes two products during January. Overheads are absorbed by means of the direct labour hour rate. The production information is shown below. Product P: units manufactured and sold $5000$, direct labour hours for each unit $1.5$. Product Q: units manufactured and sold $2000$, direct labour hours for each unit $1$. Direct costs for the month totalled $23750$. The fixed overheads amounted to $6500$. What was the overhead absorption rate?

  • A$0.68$ per hour
  • B$2.50$ per hour
  • C$3.18$ per hour
  • D$3.39$ per hour

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI