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Insert Design Layout References Mailings an Hamed the Review View Help VIEW Be careful files from the Internet can contain viruses. Unless you need to
Insert Design Layout References Mailings an Hamed the Review View Help VIEW Be careful files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View VOTW Enable Editing The following data relates to M/S Suhail and company for the month of September, 2020 (who maintains job order cost system) You are asked to: I. Pass necessary journal entries to record the information summarized below II. Prepare work in process account and finished goods account III Calculate the sale price at which job no 102 and job no 104 to be billed to get a profit of 10% on cost The following data is extracted from the company records a Material purchased on account OMR 150,000 . Material requisitioned and factory labour used as follows: Job NO 101 102 103 104 105 106 General Factory use Material 15.000 11,000 28,000 19,500 13,000 9,000 4,800 Factory Labour 21,000 18,300 15,000 21,000 8,000 4,000 6,400 c. Factory overhead cost incurred on account OMR ,800 d. Depreciation of machinery OMR 12000 e. The factory overhead rate is 115% of direct labour cost . Job completed No:101,102,104 and 106 g. Job no. 102 and 104 were shipped 3 D. Focus BE ere to search a
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