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The information given below has been taken from the costing records of an industry in respect of job No.606. Material: Tk 8020. Labour: Department A 120 hours @ Tk 6 per hour Department B 80 hours @ Tk 4 per hour. Department C 40 hours @ Tk 10 per hour. Overhead expenses for these 3 departments were estimated as follows: Variable overhead: Department A Tk 10000 for 10000 labour hours Department B Tk 6000 for 3000 labour hours. Department C Tk 4000 for 1000 labour hours Fixed overhead: Estimated Tk 4000 for 20,000 normal working hours. Required: Prepare a Job order cost sheet for Job No. 606 and calculate the price to give a profit of 25% on selling price

The information given below has been taken from the costing records of an industry in respect of job No.606. Material: Tk 8020. Labour: Department A 120 hours @ Tk 6 per hour Department B 80 hours @ Tk 4 per hour. Department C 40 hours @ Tk 10 per hour. Overhead expenses for these 3 departments were estimated as follows: Variable overhead: Department A Tk 10000 for 10000 labour hours Department B Tk 6000 for 3000 labour hours. Department C Tk 4000 for 1000 labour hours Fixed overhead: Estimated Tk 4000 for 20,000 normal working hours. Required: Prepare a Job order cost sheet for Job No. 606 and calculate the price to give a profit of 25% on selling price

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 28E: Minor Co. has a job order cost system and applies overhead based on departmental rates. Service...
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The information given below has been taken from the costing records of an industry in respect of job No.606.
Material: Tk 8020.
Labour:
Department A 120 hours @ Tk 6 per hour
Department B 80 hours @ Tk 4 per hour.
Department C 40 hours @ Tk 10 per hour.
Overhead expenses for these 3 departments were estimated as follows:
Variable overhead:
Department A Tk 10000 for 10000 labour hours
Department B Tk 6000 for 3000 labour hours.
Department C Tk 4000 for 1000 labour hours
Fixed overhead: Estimated Tk 4000 for 20,000 normal working hours.
Required: Prepare a Job order cost sheet for Job No. 606 and calculate the price to give a profit of 25% on
selling price

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