Question
A company operates a job order costing system. A job requires 5 kg of direct material at RM12 per kg, 5 hours of direct labor
A company operates a job order costing system. A job requires 5 kg of direct material at RM12 per kg, 5 hours of direct labor at RM8 each hour and RM20 of direct expense. Production overhead is absorbed at a rate of RM16 per direct labor hour. What is the total cost for the job? A. RM200 B. RM260 C. RM272 D. RM320
10) Which of the following company is most suitable to use batch costing? A. Coca-Cola B. Air Asia C. Petronas D. None of the above
11) A business operates a job order costing system and prices its jobs by adding 20% profit markup to the total cost of the job. The direct cost of a job was RM6,840 and it had used 156 machine hours. The overheads are absorbed on the basis of machine hours. The budgeted overheads of RM300,000 and total budgeted machine hours of 60,000. What are the total sales for the job? A. RM7,620 B. RM8,208 C. RM9,144 D. RM9,525
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