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A manufacturing firm uses a job costing system which is also used for assisting in estimating price for new jobs. The following information has been collected for the purpose of quoting the price to a customer. Particulars Materal Rx 200 Rs 100 Labour hours roquired im each deprtment Machining department Assembly departmeat Finishing department Rates of pay for direct labour Machining departnent Assembly department Finshng department Machine hours sequired m each department Machining department Assembly departmrat Factery overheads are recovered on the following basis Machming department Assembly departmeat Finishing department 60 30 20 40 10 20 Ra. 1.30 per hour Rs. 0.90 per hout Rx 120 per hour 80 10 100 10 R150 per machine hour Rs. 2.50 per direct labour hour Rs.2.00 per direct labour bour 20% of factory cost s added for general admmistration and a furthes 10% of the total cost is added for profit. You ate requred to calculate the prices to be quoted for the jobs

A manufacturing firm uses a job costing system which is also used for assisting in estimating price for new jobs. The following information has been collected for the purpose of quoting the price to a customer. Particulars Materal Rx 200 Rs 100 Labour hours roquired im each deprtment Machining department Assembly departmeat Finishing department Rates of pay for direct labour Machining departnent Assembly department Finshng department Machine hours sequired m each department Machining department Assembly departmrat Factery overheads are recovered on the following basis Machming department Assembly departmeat Finishing department 60 30 20 40 10 20 Ra. 1.30 per hour Rs. 0.90 per hout Rx 120 per hour 80 10 100 10 R150 per machine hour Rs. 2.50 per direct labour hour Rs.2.00 per direct labour bour 20% of factory cost s added for general admmistration and a furthes 10% of the total cost is added for profit. You ate requred to calculate the prices to be quoted for the jobs

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 9P: Channel Products Inc. uses the job order cost system of accounting. The following is a list of the...
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A manufacturing firm uses a job costing system which is also used for assisting in estimating price for new jobs. The folowing information has been collected for for the purpose of quoting the price to a customer. Particnlars Materal Rx 200 Rs 300 Labour hours required m each slepartment Machining department Assembly departmeat Finishing department Rates of pay for direct labour Machining departnment Assembly depautment Finshng department Machine hours required m cach department Machining department Assembly departmeat Factery overheads are recovered on the following basis Machming department Assembly departmeat Finishing department 60 30 20 40 10 20 Ks. 1.30 per hour Rs. 0.90 per thout Rx 1 20 per hour 80 100 10 10 R. 150 per machine hout Rs. 2.50 per direct labour hour Rs 200 per direct labour hour 20% of factory cost s added for general admmastration and a furthes 10% of the total cost s added for profit You ue requited to calculate the prices to be quoted for the yobs
Transcribed Image Text:A manufacturing firm uses a job costing system which is also used for assisting in estimating price for new jobs. The folowing information has been collected for for the purpose of quoting the price to a customer. Particnlars Materal Rx 200 Rs 300 Labour hours required m each slepartment Machining department Assembly departmeat Finishing department Rates of pay for direct labour Machining departnment Assembly depautment Finshng department Machine hours required m cach department Machining department Assembly departmeat Factery overheads are recovered on the following basis Machming department Assembly departmeat Finishing department 60 30 20 40 10 20 Ks. 1.30 per hour Rs. 0.90 per thout Rx 1 20 per hour 80 100 10 10 R. 150 per machine hout Rs. 2.50 per direct labour hour Rs 200 per direct labour hour 20% of factory cost s added for general admmastration and a furthes 10% of the total cost s added for profit You ue requited to calculate the prices to be quoted for the yobs
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