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Gemilang Songket produces elegance songket gown for international market. The company uses job order costing for cost accumulation and pricing purposes. The company receives two
Gemilang Songket produces elegance songket gown for international market. The company uses job order costing for cost accumulation and pricing purposes. The company receives two (2) job orders, Job No. 8008 Bamboo Shoots Motif and Job No.8081 Chevron Motif from a customer in Singapore. The following costs were incurred on jobs: The company adds 60% markup on cost in determining the amount to be charged for each job done. Required: (a) Prepare a job cost schedule for Job No. 8008 showing prime cost, production cost, total cost and selling price. (22 marks) (b) Identify THREE (3) functions of job cost sheet
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