Question
Daissies holdings is an events company. It helps celebrities hosts parties or fashion runways. One of their major customers has requested them to host a
Daissies holdings is an events company. It helps celebrities hosts parties or fashion runways. One of their major customers has requested them to host a fashion runway in end of October. The Representative has called the accounts clerk (who is you) asking for a quotation so they can pay part of the bill to secure the service. Daisies Holdings used job costing system. You have this Job Roct12. The following information is available for Job Roct12 according to the customer specifications:
Department 1 Department 2 Department 3
Consumables BWP14,000 BWP7,500 BWP3,150
Labour rate per hour BWP13.00 BWP14.50 BWP9.55
Direct Labour hours 550 220 400
It is the companys policy to charge the jobs as follows:
Fixed Factory overheads BWP6.00 per labour hour
Fixed distribution and administration overheads 120% of total production cost
Estimated Profit 30% markup on cost
Required:
Calculate the total cost and selling price for Job Roct12
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