3. Blue Sea Bhd makes travelling bags. The costs incurred during September 2016 for the following are:
Direct materials (including cloth, thread, buttons and zippers) = RM24,000
(25 workers x 40 hours x RM15) = RM15,000
Overhead = RM36,000
Number of bags produced in September = 15,000 bags
Required to calculate:
Total product costs for the month
The cost of one bag that was produced last month
Total prime cost for last month.
The per-unit prime cost.
Total product costs for the month is RM75,000 The cost of one... View the full answer