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What is the relevant cost of materials for special contract

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Reference no: EM132826565

UV Company has been asked to quote for a special contract. The following information about the material has been given: Material X: Book value £5 per kg Scrap value £0.50 per kg Replacement cost £5.50 per kg The contract requires 10 kgs of Material X. There are 250 kgs of this material in inventory which was purchased in error over 2 years ago. If Material X is modified, at a cost of £2 per kg, it could then be used as a substitute for material Y which is in regular use and currently cost £6 per kg.

Problem 1: What is the relevant cost of the materials for the special contract?

Reference no: EM132826565

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