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The following are the data related to production order No. (555) during the month of January...

The following are the data related to production order No. (555) during the month of January 2020 AD The advanced missionary material costs 24,000 riyals - the direct wages cost is 14000 riyals The production order believes 100 working hours to the cutting center, 50 working hours to the collection center The duration of the load in the center is 70 Riyals per hour to work, and the rate of loading in the collection center is 40 riyals per hour. In obtaining this information, the indirect cost of production order number (555) is equal to.
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Answer #1

The indirect cost of production order number (555) is calculated below:

1)Direct material cost and direct wages cost is known as direct cost of production.

2)Indirect cost of production is the cost other than direct material cost and direct wages cost.

Riyals
Indirect cost in Cutting center(100 working hours*70 Riyals per hour) 7,000
Indirect cost in Collection center(50 working hours*40 Riyals per hour) 2,000
Total indirect cost of production 9,000

The indirect cost of production order number (555) is 9,000 Riyals.

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