Accounting
In term 2, we had Mr O' Grady for Accounting. We looked at pricing making buns for a business. We calculated how much one bun would cost to make and then we set a price for one to by a bun. We calculated how much buns we would have to sell before we start making profit. Here is the pricing we did.
We also worked on job costing. We learned how to calculate the overhead that was absorbed by each department, we learned how to calculate a suitable overhead absorbation rate. Here is the work we calculated.
