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

Prior to the first month of operations ending October 31, Marshall Inc. estimated the following operating results:   1 Sales (28,800 × $75) $2,160,000.00 2 Manufacturing costs (28,800 units):   3 Direct materials 1,209,600.00 4 Direct labor 316,800.00 5 Variable factory overhead 115,200.00 6 Fixed factory overhead 221,760.00 7 Fixed selling and administrative expenses 28,400.00 8 Variable selling and administrative expenses 34,900.00       The company is evaluating a proposal to manufacture 36,000 units instead of 28,800 units, thus creating an ending inventory of 7,200 units. Manufacturing the additional units will not change sales, unit variable factory overhead costs, total fixed factory overhead cost, or total selling and administrative expenses. Required: a. Prepare an estimated income statement, comparing operating results if 28,800 and 36,000 units are manufactured in (1) the absorption costing…

Q. 8. Dula Manufacturing Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,200, Work in Process-Cutting $2,900, Work in Process-Assembly S10,600, and Finished Goods $31,000. During July, the following transactions occurred. (a) Purchased $85,200 of raw materials on account. (b) Incurred $60,000 of factory labor. (Credit Wages Payable.) (c) Incurred $60,000 of manufacturing overhead; $34,000 was paid and the remainder is unpaid. (d) Requisitioned materials for Cutting $15,500 and Assembly $9,200. (e) Used factory labor for Cutting $38,000 and Assembly $22,000. (f) Applied overhead at the rate of S16 per machine hour. Machine hours were Cutting 1,870 and Assembly 1,260. (g) Transferred goods costing $87,800 from the Cutting Department to the Assembly Department. (h) Transferred goods costing $120,700 from Assembly to Finished Goods. (i) Sold goods costing $190,000 for $205,000 on account. Instructions Journalize the transactions. (Omit…

As newly appointed Cost Accountant, you find that the selling price of Job No. 9669 has been calculated on the following basis: Particulars Materials Direct Wages – 22 hours at 25GHS per hour Department: GHs' 12.08 5.50 A – 10 hours B- 4 hours C - 8 hours Plus 33% on Prime Cost 17.58 5.86 23.44 An analysis of the previous year's profit and loss account shows the following: Particulars GHs` | Particulars GHs' Materials Used Direct Wages: 77,500 Factory Overheads: 5,000 A 6,000 B 4,000 C A 2,500 B 4,000 1,000 Selling Costs 30,000 You are required to: (a) Draw up a Job Cost Sheet; (b) Calculate and enter the revised costs using the previous year's figures as a basis; (c) Add to the total job cost 10% for profit and give the final selling price.

Records at Hal’s Accounting Services show the following costs for year 1.          Direct materials and supplies $ 40,000   Employee costs   2,900,000   Total overhead   1,300,000      Production was 25,000 billable hours. Fixed overhead was $700,000. Assuming no change in billable hours in year 2, direct materials and supplies costs are expected to increase by 10 percent. Direct labor costs are expected to increase by 5 percent. Variable overhead per billable hour is expected to remain the same, but fixed overhead is expected to increase by 5 percent. b. Determine the total costs per billable hour for year 1 and year 2.

a. Show labor and overhead cost flows through T-accounts. b. Prepare an income statement for the company for August.