A firm producing shoes has fixed costs of £200,000 per year. They have variable costs per pair of shoes of £5. The shoes are sold at £45 per pair
a) Calculate the profit or loss made if they sell 1,000 pairs of shoes. Show your
workings (4 marks)

Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622