A firm makes special assemblies to customers’ orders and uses job costing. The data for a period are:

The budgeted overheads for the period were €126,000.
(i) What overhead should be added to job number CC20 for the period?
A €24,600 B €65,157 C €72,761 D €126,000

(ii) Job number BB15 was completed and delivered during the period and the firm wishes to earn 331/3 per cent profit on sales.
What is the selling price of job number BB15?
A €69,435 B €75,521 C €84,963 D €138,870 (iii) 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 €217,323

Transcribed Image Text:

Job no. Job no. AA10 BB15 Job no. CC20 () () () Opening work in progress 26,800 42,790 Material added in period 17,275 18,500 Labour for period 14,500 3,500 24,600