6. Following particulars relate to Job No.323 Materials used Rs.500 Direct Wages: X-10 hours @ Rs.2.50 per hour Y-8 hours @ Rs.3.00 per hour Z- 5 hours @ Rs.4.00 per hour Variable Overheads : X-7,000 labour hours = Rs.7,000 Y-3,000 labour hours = Rs.6,000 Z- 1,000 labour hours = Rs.4,000 Fixed overheads estimated at Rs.30,000 for 7,500 normal working hours. You are required to calculate the cost of Job No.323 and calculate the price to give the profit of 33 % on Selling price. %3D
6. Following particulars relate to Job No.323 Materials used Rs.500 Direct Wages: X-10 hours @ Rs.2.50 per hour Y-8 hours @ Rs.3.00 per hour Z- 5 hours @ Rs.4.00 per hour Variable Overheads : X-7,000 labour hours = Rs.7,000 Y-3,000 labour hours = Rs.6,000 Z- 1,000 labour hours = Rs.4,000 Fixed overheads estimated at Rs.30,000 for 7,500 normal working hours. You are required to calculate the cost of Job No.323 and calculate the price to give the profit of 33 % on Selling price. %3D
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 8PA: Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate...
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