the cost of a unit is made up of $6.25 material cost, $4.75 labour cos

1.	the cost of a unit is made up of $6.25 material cost, $4.75 labour cost, and $3.25 overhead . what is the ratio that exists between the three elements of cost?
Answer» Answer: Total cost = Material +LABOUR +OVERHEAD 6.25+4.75+3.25 = 14.25 RATIO of 3 ELEMENTS of cost : Material (6.25÷14.25)×100 = 43.86 Labour (4.75 ÷ 14.25)×100 = 33.33 Overhead (3.25÷14.25) × 100 = 22.81

the cost of a unit is made up of $6.25 material cost, $4.75 labour cost, and $3.25 overhead . what is the ratio that exists between the three elements of cost?

Answer»

Answer:

Total cost = Material +LABOUR +OVERHEAD

6.25+4.75+3.25 = 14.25

RATIO of 3 ELEMENTS of cost :

Material (6.25÷14.25)×100 = 43.86

Labour (4.75 ÷ 14.25)×100 = 33.33

Overhead (3.25÷14.25) × 100 = 22.81

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the cost of a unit is made up of $6.25 material cost, $4.75 labour cost, and $3.25 overhead . what is the ratio that exists between the three elements of cost?

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