2nl phary sutcln I0.19 Aceoutivg Total Problem 6 A factory uses a job costing system. The following data ar vailable from the books pertaining to job No. A-5: Materials (direct): 14.60 Kg@ Tk. 2.50 Kg. Wages (direct): Department X 18 hours @ Tk.. 3.50 per hour Department Y 32 hours aTk. 3.00 per hour Budget overhead for the year based on normal capacity is as follows Variable overhead: Department X Tk. 5.400 for 9.000 direct labor hours Department Y Tk. 8.000 for 10.000 direct labor hours Fixed overhead: Total budget direct labor hours for whole factory 22,000 Total budget expenditure Tk. 16.500 Required: (i) Compute the factory overhead rate. (ii) Calculate the total cost of job No. A-5 (iii) Estimate the percentage of profit obtained if the price quoted to the eustomer is Tk. 350 (iv) Suppose the actual fixed overhead costs and direct labor hours used in the factory are Tk. 19.000 and 24.000 hours respectively. then what would be the amount of under applied or over applied?

Question
2nl phary sutcln
I0.19
Aceoutivg
Total
Problem 6
A factory uses a job costing system. The following data ar vailable from
the books pertaining to job No. A-5:
Materials (direct): 14.60 Kg@ Tk. 2.50 Kg.
Wages (direct):
Department X 18 hours @ Tk.. 3.50 per hour
Department Y 32 hours aTk. 3.00 per hour
Budget overhead for the year based on normal capacity is as follows
Variable overhead:
Department X Tk. 5.400 for 9.000 direct labor hours
Department Y Tk. 8.000 for 10.000 direct labor hours
Fixed overhead:
Total budget direct labor hours for whole factory 22,000
Total budget expenditure Tk. 16.500
Required:
(i) Compute the factory overhead rate.
(ii) Calculate the total cost of job No. A-5
(iii) Estimate the percentage of profit obtained if the price quoted to the
eustomer is Tk. 350
(iv) Suppose the actual fixed overhead costs and direct labor hours used in the
factory are Tk. 19.000 and 24.000 hours respectively. then what would be
the amount of under applied or over applied?
Expand
Transcribed Image Text

2nl phary sutcln I0.19 Aceoutivg Total Problem 6 A factory uses a job costing system. The following data ar vailable from the books pertaining to job No. A-5: Materials (direct): 14.60 Kg@ Tk. 2.50 Kg. Wages (direct): Department X 18 hours @ Tk.. 3.50 per hour Department Y 32 hours aTk. 3.00 per hour Budget overhead for the year based on normal capacity is as follows Variable overhead: Department X Tk. 5.400 for 9.000 direct labor hours Department Y Tk. 8.000 for 10.000 direct labor hours Fixed overhead: Total budget direct labor hours for whole factory 22,000 Total budget expenditure Tk. 16.500 Required: (i) Compute the factory overhead rate. (ii) Calculate the total cost of job No. A-5 (iii) Estimate the percentage of profit obtained if the price quoted to the eustomer is Tk. 350 (iv) Suppose the actual fixed overhead costs and direct labor hours used in the factory are Tk. 19.000 and 24.000 hours respectively. then what would be the amount of under applied or over applied?

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