270 P. 13.2 A shop-floor supervisor of a small factory presents the following per unit cost for Job No. 121 to determine the selling price: Materials Direct wages (1.8 hours a 225) (Department X. 0.8 hour, Department Y. 0.6 hour, Department Z. 0.4 hour) Chargeable expenses (special stores items) Add 33.33 per cent for expenses Prime cost 45 5 120 40 160 Total j19 12.000 Analysis of the profit and loss A/c for the current quarter shows the following: Matenals used 21.50,000 Sales less retums 22.50,000 Direct wages: Department 210,000 Department Y Department z 8.000 30.000 Special stores items 4,000 Overheads: Department X 5.000 Department Y 9,000 Department z 2.000 16.000 Gross profit ad 50.000 2.50,000 2.50.000 Selling expenses 20,000 Gross profits bid Net profit 30.000 50.000 50.000 It is also noted that average hourly wage rates for the 3 departments, X, Y. and Z are similar. Direct Labour-hour method is followed to absorb overheads. You are required to: (1) Draw up a job cost sheet: (i) Calculate revised cost for the current year, using actual figures as basis, and (LT) Add 20 per cent to total costs to determine selling price. 50.000