6. In April, Cergas Sdn. Bhd. received two jobs, JOB 123 and JOB 456. The following data relates to the two jobs. JOB 123 JОB 456 Direct material used: A (kg) 1,000 1,200 B (kg) 600 750 Direct labour: Skilled (hours) 500 600 Unskilled (hours) 280 300 Direct expenses (RM) 2,000 1,250 Expected profit 25% on selling price 20% on total cost Additional information: a. The cost of material is RM20 per kg and RM25 per kg for material A and material B respectively. b. The skilled labour is paid RM20 per hour, while the unskilled labour is paid RM10 per hour. c. The total production overhead RM47, 040 is charged to the two jobs based on direct labour hour. d. Administration overhead and selling overhead are charged to the jobs based on 5% and 10% production cost respectively. Required: Prepare the Job Cost Sheet for each job: i.JOB 123 ii.JOB 456

6. In April, Cergas Sdn. Bhd. received two jobs, JOB 123 and JOB 456. The following data relates to the two jobs. JOB 123 JОB 456 Direct material used: A (kg) 1,000 1,200 B (kg) 600 750 Direct labour: Skilled (hours) 500 600 Unskilled (hours) 280 300 Direct expenses (RM) 2,000 1,250 Expected profit 25% on selling price 20% on total cost Additional information: a. The cost of material is RM20 per kg and RM25 per kg for material A and material B respectively. b. The skilled labour is paid RM20 per hour, while the unskilled labour is paid RM10 per hour. c. The total production overhead RM47, 040 is charged to the two jobs based on direct labour hour. d. Administration overhead and selling overhead are charged to the jobs based on 5% and 10% production cost respectively. Required: Prepare the Job Cost Sheet for each job: i.JOB 123 ii.JOB 456

Name: 6. In April, Çergas Sdn. Bhd. received two jobs, JOB 123 and JOB 456.
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Description: 6. In April, Çergas Sdn. Bhd. received two jobs, JOB 123 and JOB 456. The following datarelates to the two jobs.JOB 123JOB 456Direct material used: A (kg)1,0001,200в (kg)600750Direct labour: Skilled (hours)500600Unskilled (hours)280300Direct expense

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 12EA: During the month, Job AB2 used specialized machinery for 450 hours and incurred $500 in utilities on...

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During the month, Job Arch2 used specialized machinery for 350 hours and incurred $700 in utilities on account. $400 in factory depreciation expense, and $200 in property tax on the factory. Prepare journal entries for the following: A. Record the expenses incurred. B. Record the allocation of overhead at the predetermined rate of $1.50 per machine hour.
The following data relates to M/s. ZULFIQAR Co. for the month of August 2020 (who maintains Job Order Cost System). Data Material purchased on account Rs. 135,000 Material requisitioned and Factory Labour used Material Factory Labour Job No. 201 Rs. 15,000 Rs. 20,000 Job No. 202 Rs. 10,000 Rs. 15,000 Job No. 203 Rs. 22,800 Rs. 14,000 Job No. 204 Rs. 15,200 Rs. 12,000 For general factory use Rs. 5,000 Rs. 8,000 Factory overhead cost incurred on account Rs. 40,800 Depreciation of Machinery Rs. 10,000 The Factory overhead rate is 120 % of direct labour cost. Job completed: No. 201, 202 & 203. Job No. 201 and 203 were…
The following data relates to M/s. ZULFIQAR Co. for the month of August 2020 (who maintains Job Order Cost System). Data Material purchased on account Rs. 135,000 Material requisitioned and Factory Labour used Material Factory Labour Job No. 201 Rs. 15,000 Rs. 20,000 Job No. 202 Rs. 10,000 Rs. 15,000 Job No. 203 Rs. 22,800 Rs. 14,000 Job No. 204 Rs. 15,200 Rs. 12,000 For general factory use Rs. 5,000 Rs. 8,000 Factory overhead cost incurred on account Rs. 40,800 Depreciation of Machinery Rs. 10,000 The Factory overhead rate is 120 % of direct labour cost. Job completed: No. 201, 202 & 203. Job No. 201 and 203 were…
The following data relates to M/s. ZULFIQAR Co. for the month of August 2020 (who maintains Job Order Cost System). Data Material purchased on account Rs. 135,000 Material requisitioned and Factory Labour used Material Factory Labour Job No. 201 Rs. 15,000 Rs. 18,000 Job No. 202 Rs. 10,000 Rs. 12,000 Job No. 203 Rs. 22,800 Rs. 15,000 Job No. 204 Rs. 15,200 Rs. 12,000 For general factory use Rs. 5,000 Rs. 8,000 Factory overhead cost incurred on account Rs. 40,800 Depreciation of Machinery Rs. 10,000 The Factory overhead rate is 120 % of direct labour cost. Job completed: No. 201, 202 & 203. Job No. 201 and 203 were…
B. Followings are the account records for Yan Min Factory Sdn Bhd for the year ended 31 December 2021. RMInventory 1 Jan 2021: Raw materials 125,400 Work In Process 131,100 Finished Goods 123,260Purchases of direct raw materials 191,535Purchases of indirect raw materials 58,000Direct labour 184,208Salaries expenses – Administration office 133,419Rent expenses 15,200Utilities expenses – Administration office 14,420Depreciation expenses – Machine (Factory) 10,200Depreciation expenses – Machine (Office) 5,200Sales revenue 818,622Fossil fuel expenses - Factory 8,120 Additional information:1. 3/4 of the rent expenses is for factory while the remaining balance is allocated to administration office. 2. Inventories as at 31 Disember 2021 is as follows:Raw materials : RM120,800Work in process : RM124,600Finished goods : RM128,840REQUIRED:1. Prepare Statement of Goods Manufactured for Yan Min Factory Sdn Bhd…
Manufacturing overhead was estimated to be OMR 415,000 for the year along with estimated 20,000 direct labor hours. Actual manufacturing overhead was OMR 400,000, and actual labor hours were 21,000. The amount debited to the Manufacturing Overhead account would be: a. OMR 435,750. O b. OMR 415.000. Oc None of the given answer is correct Od OMR 420,000. e. OMR 400,000.
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Elegance Interior Design Ltd uses a job order cost accounting system and applies the overhead on the basis of direct labour cost.At the beginning of the year, Elegance Interior Design Ltd estimated the following:Overhead $108,000Direct labour cost $270,000Direct labour hours 21,600 hours Three jobs were worked on during the current period.Table A shows the cost information of the jobs.Table AJob Material Requisitions Time Ticket223 $27,200 $65,000224 $25,200 $67,500225 $18,700 $28,375At the end of the period, Job 224 and Job 225 have been completed, out of which Job 224 was sold. Due to the last-minute change in customer's specification, Job 223 was still in process. Overhead incurred for the period was $65,020.Question: 1)Complete the job cost sheets for each job using the format shown in table below Job Number Material Overhead Total Cost Status 2) Identify the amounts of…