1. 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 @Tk 4 per hour. @ Tk 10 per hour. Department B 80 hours Department C 40 hours 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 Department C Tk 4000 for 3000 labour hours. 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. 2. AMD Incorporation manufactures micro-processors. The product costing system of AMD Incorporation has a single direct costing category (Direct Material) and a single indirect costing category (Conversion Cost). Direct materials are added when the forming department process is 10% complete. Conversion costs are added evenly during the forming department process. AMD Incorporation uses weighted average method of process costing. Consider the following data for forming department: Physical Unit 12000 Direct Material Tk 30000 Work in process March 1 (Degree of completion: Direct Material 100% Conversion cost 40%) Started during March 2015 88,000 Completed during March 2015 80,000 Work in process March 30 20,000 (Degree of completion: Direct Material 100% Conversion cost 25%) Cost added during March 30 Tk 280,000 Conversion Costs Tk 8500 Tk 170,000 Required: Summarize total forming department cost for March 2019 and assign these costs to units completed and to units in ending work in process. (Use Average method).