Recently it obtained an order for the manufacturing of one of its renowned model.

Following information is compiled for related job:

Week Materials Labor

Qty Rs./ unit Hours Rs./ hour

01 50 20 20.00 40

02 55 24 10.00 44

03 60 22 15.00 36

Factory overhead is Rs. 36 per labor hour, marketing expense is 25% and administrative expense is 20% of total factory cost. Margin is 50% of total cost.

Required:

Prepare Job Order Cost Sheet showing clearly the followings:

1. Total factory cost.
2. Total marketing and administrative expenses.
3. Profit margin
4. Sales amount.

Answer rating: 100% (QA)

Job Order Cost Sheet ParticularsWeek 1Week 2Week 3Total ... View the full answer