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i have 1 hour for submession help 120 From the following information relating to four jobs undertaken by a manufacturer, ascertain the total cost and
i have 1 hour for submession help
120 From the following information relating to four jobs undertaken by a manufacturer, ascertain the total cost and selling price of each jobs Job E-101 Job ? E-102 Job E-103 Job E-104 Direct material issued (in kilograms) 80 100 140 Direct material rate per kilogram $10 Direct labor hours consumed (in hours) 350 250 300 400 Direct labor rate per hour 52 53 $ 2 $3 Direct expenses incurred $ 400 $200 $250 $300 $ 10 $ 10 $10 Factory Overheads are applied to respective jobs according to direct labor (amount). Factory overhead incurred during the period amounted to $5,500. Office overheads incurred during the period amounted to $2,500 which are apportioned to jobs based on factory cost. All the Jobs were completed during the period. They were billed to the customers at a price which included 18% of the selling price of the job. 18 marks Step by Step Solution
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