A firm makes special assemblies to customers' orders and uses job costing. The data for a period
Question:
A firm makes special assemblies to customers' orders and uses job costing. The data for a period are:
Job No. AA70 Opening WIP Material added in period Labour for period
£
26.800 17.275 14.500 Job No. 8815 Job No. CC20
£ £
42.790 0 0 18.500 3.500 24.600 The budgeted overheads for the period were £126.000.
What overhead should be added to job number CC20 for the period?
A £24.600. B £65.157. c £72.761. D £126.000.
Job number 8815 was completed and delivered during the period and the firm wishes to earn 33!% profit on sales.
What is the selling price of job number 8815?
A £69.435. B £75.521. c £84.963. D £138.870.
What was the approximate value of closing work in progress at the end of the period?
A £58.575. B £101.675. C £147.965. D £217.232.AppendixLO1
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