Fickle Factory Ltd Produces Unique Large Ceramic Frogs Total Fixed Overhead for the Year Is Estimated to Be

question 1

Multiple Choice

Fickle Factory Ltd produces unique large ceramic frogs. The accountant has collected the following information regarding standard costs. $$\begin{array} { | l | l | } \hline \text { Praductim Input } & \text { Standard Cast } \\\hline \text { Direct Materials } & \begin{array} { l } 2 \text { kilos of raw material } \\\text { Each kilo } = \$ 5\end{array} \\\hline \text { Direct Labour } & \begin{array} { l } \text { 1 hour } \\\text { Direct Labour is charged at } \$ 10 \text { per hour }\end{array} \\\hline \text { Variable Overhead } &\$ 2 \text { per direct labour hour } \\\hline \text { Fixed Overhead } & \$ 4 \text { per frog } \\\hline\end{array}$$ Total fixed overhead for the year is estimated to be $80,000. The selling price for each frog is $45.
The static budget for direct materials the year is:

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Definitions:

Social World

The domain of human interaction and relationships formed by societal norms, institutions, and cultures.

Industry

The production of goods or services within an economy that are related by a common business sector.

Technology

The application of scientific knowledge for practical purposes, especially in industry and our daily lives.

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Covert cameras disguised as ordinary lighters, used for secret or undercover photography.