Quick questions on Costing materials, labour and overheads: the cost statement - SQA National 5 Accounting

3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?

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A worker does 5 overtime hours at a basic rate of

\pounds 8

and time-and-a-half. Find the overtime pay. [2 marks]

What is q2?

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Direct materials

\pounds 900

, direct labour

\pounds 600

. Find the prime cost. [1 mark]

What is q3?

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Overheads are

40\%

of direct labour cost of

\pounds 600

. Find the overheads. [2 marks]

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