Instructions:

1.Create a product that is appropriate to apply Job Order Costing.

(customized product based on customers' specifications and requirements)

2.Assume your company applies Job Order Costing in ascertaining cost of individual jobs.

3.Assume you have received an order from a customer named Mr. Zack. The order is known as Job 007.

Assignment Report:

Your report must consist of the followings:

1.Brief explanation of your company and the costing method applied (Job Order Costing) in determining product cost by job.(5 marks)

2.Detailed explanation about your product and the types of production costs that usually incur to produce the product. (i.e. direct materials, direct labour, direct expenses and production overhead).(10 marks)

3.Describe Mr. Zack's requirements to Job 007.

4.Job cost sheet of Job 007, to determine the prime cost, production cost and total cost of Job 007.

5.Costs incurred other than production costs such as administrative costs, selling and distribution costs that associated with the Job (to be included in the job cost sheet).

6.Provide the details of each cost incurred (in no. 4 and 5 above) to the job.

(25 marks)

7.Desired profit margin/markup of the Job 007.

(5 marks)

8.Selling price of Job 007.

(5 marks)