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Cost accounting paper, and Urgently needed Q-2. Gomel engineering works on April 5*, 2018 started production of 100 lawn mower of model EG- 72 ordered
Cost accounting paper, and Urgently needed
Q-2. Gomel engineering works on April 5*, 2018 started production of 100 lawn mower of model EG- 72 ordered by Capital Development Authority, Islamabad, vide Order No. 2119-M dated April 1, 2018 at a price of Rs. 3,600 per lawn mower. Production planning department allotted Job No. J-832-LM and instructed the factory to complete production by April 20, 2018. The factory completed production on April 18, 2018. The weekly materials requisitions summary No. MRS-16 and weekly labour cost analysis sheet LAS-16 following cost allocation to Job No. J-832-LM: Dates 5/4/18 Particulars Department 101 Rs.58,500 Department 111 Direct material Rs.11,700 11/4/18 Rs.71,500 Rs.14,300 5/4/18 Rs.13,500 Direct labour Rs.15,750 (900 hours) 11/4/18 Rs.16,500 Rs. 19,250 (1,100 hours) In department 101 factory overhead is applied 50% of direct labour cost and in department 111 @ Rs. 12 per direct labour hour. Marketing and administration expenses chargeable to the job were respectively 7.5% and 5% of the sale price. The lawn mowers were delivered to customer on April 22, 2018. Required: Prepare a Job Cost Sheet for Job No. J-832-LM using a proper header and format. (10 marks)Step by Step Solution
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