Question
I want to get the answer in less than an hour and get a high rating Prepare a job cost sheet indicating prime cost, works
I want to get the answer in less than an hour and get a high rating
- Prepare a job cost sheet indicating prime cost, works cost, production cost, total cost and sales value. (3 Marks)
Job cost sheet for the year ended 31st Dec, 2020 | |
Particulars | BD |
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- In January 2021 the company received an order for a number of jobs. It is estimated that direct material cost is BD14000 and direct labour cost BD 10000. What should be the price for the for these jobs if the company wants to earn the same rate of profit on sales as in 2020 assuming that selling and distribution overheads have increased by 20%? The factory recovers factory overheads as a percentage of direct wages and administration and selling and distribution overheads as a percentage of work cost.
Show calculation of ratios here: (4 Marks)
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(6 marks)
Estimate of cost and profit for January 2021 | ||
Particulars | BD | BD |
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