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WORKPLAN EXE 1 (pg.23)
Use the information below to calculate the cost…
WORKPLAN EXE 1 (pg.23)
Use the information below to calculate the cost price. 20 pairs of sports shoes bought at a total cost of R50 100.00. The transport cost was a R600. An overhead cost of 25% of the purchase price, what will be the cost of one (1) pair of shoes?
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ANSWER:
UNIT = 1
INVOICE PRICE = R2 505.00
TRANSPORT COST = R30.00
OVERHEAD COST 25% = R626.25
COST PRICE PER UNIT = R3 161.25