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Analysis the given real - life scenario and apply the concepts of job costing to prepare a quotation for the given job. ABC LCC is
Analysis the given reallife scenario and apply the concepts of job costing to prepare a quotation for the given job.
ABC LCC is a contraction company which undertake construction works. In the year the company has received an invitation for submitting quotation for a construction job. It is estimated that direct labor cost for the proposed work will be workers with a salary of $ per labour. Selling and Distribution cost will be of Factory Cost, Profit on cost of sales. Administrative Overheads will be of Factory Overheads. The direct materials cost will be units @ $ per unit. Factory Overheads of the company will be of Direct Wages and Direct expenses of the project will be of the total of direct material and direct labour cost.
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