3

250
75
50
150
TFC

480

Mini Assignment 1 (PROBLEM 1 - Midland Ltd)

24000
20000
12600

A
B
C

Materials used
Direct wages cost ()
Direct labour hours (000)

20,000
16,000
16

10,000
15,000
10
A

Materials used ()
Direct wages cost ()
Direct labour hours

Basis
wages cost
labour hours

10,000
8,400
7
B

12
13
11

14
13.5
9

1.5
1.5

1.333333
2
Overheads
18
45.5
18
45.5

19.5
44.5
16.5
41.5

dland Ltd)

FC

VC
3

3
67.5

7.5

112.5

37.5

250
60
50
105

630

675
225

Mini Assignment 2 (PROBLEM 1 - Clear

units
Sales
VC

12000
1,440,000

480,000
132,000
612,000
828,000

FC

520,000
210,000
730,000
98,000

C
12
12.5
10
1.5
1.8
18.75
43.25
18
42.5

FINAL ANSWER
133.25
129.5

FC

VC
3
54

78.75

26.25

250

Mini Assignment 2 (PROBLEM 1 - Clearex)

units
SP
V. cogs
V. sell & admin

120
40
11

Sales
VC

12000
1,320,000

408,000
132,000
540,000

FC

472,000
210,000
682,000
98,000

FINAL ANSWER
new SP
110