A Service Business Expects to Incur Overheads Totalling $20 000 $\begin{array}{lll} & \text { Jobl } & \text { Job2 } \\\text { Direct Labour hours } & 700 & 900 \\\text { Machine hours } & 700 & 300\end{array}$

question 59

Essay

A service business expects to incur overheads totalling $20 000 next month. The total direct labour time worked is 1 600 hours and total machine hours are 1 000. During next month, the business expects to do just two large jobs. Information concerning each job is as follows: $\begin{array}{lll} & \text { Jobl } & \text { Job2 } \\\text { Direct Labour hours } & 700 & 900 \\\text { Machine hours } & 700 & 300\end{array}$ REQUIRED:
A)Calculate the overhead recovery rate for the month using direct labour hours.
B)Compute how much of the month's overhead will be charged to each job.

• A)Calculate the overhead recovery rate for the month using direct labour hours.
• B)Compute how much of the month's overhead will be charged to each job.

Understand the implications of research findings for correlational studies.

Differentiate between various developmental and psychological theories.

Apply knowledge of developmental theories to practical situations in child education and care.

Understand the concepts of price ceilings and their impact on market equilibrium.

---

Definitions:

Role Loss

The experience of losing a significant social or professional role, which can impact identity, status, and emotional well-being.

Well-being

A holistic term encompassing the physical, psychological, and social aspects of a person's health and happiness.

Retirement

The period in life when an individual stops working full-time or leaves the workforce entirely, often due to age.

Work Role

The function or duties that an individual is assigned to perform in a professional environment or job setting.