Page 290 - BA2 Integrated Workbook STUDENT 2018

Fundamentals of Management Accounting

10.3 A marketing agency charge out staff using the following rates:

Senior staff $35.00 per hour
Junior staff $15.00 per hour.

In addition, $10.00 per hour worked is charged to each job to cover
administration costs.

The agency uses a 30% mark-up on total cost to arrive at the price charged per
job.

During a period 2,500 hours were charged out in the ratio of 1 senior to 4 junior
hours. Overheads were exactly as budgeted.

Calculate the gross profit for the period.

CHAPTER 11 – RISK 1: SUMMARISING AND ANALYSING DATA

11.1 A company is investigating the cost of absenteeism within its production
department. Computer records have revealed the following data:

Days absent Number of people
0 94
1 – 5 203
6 – 10 105
11 – 20 68
21 – 30 15
31 – 40 10
41 + 5
––––
Total 500
––––

Complete the following cumulative frequency distribution table:

Days absent Cumulative number of people
0 94

1 – 5 297
6 – 10 402

A 470
21 – 30 B

31 – 40 495
41 + C

284