Practice questions:
Quickprint a jobbing printer, recovers production overheads at £2.50 per direct labour hour and adds 20% for general overheads to the total production costs to arrive at the total cost of a job. A further 25% is added to the total cost to arrive at the selling price.
Calculate the selling price of an order for printing wedding invitations from the following information:
Materials £30
Labour 4 hours
Wages £5 per hour