Question
Jeb uses a job costing system to charge out costs for jobs completed. Job number 49 was completed on 28 April with 1 500 units
Jeb uses a job costing system to charge out costs for jobs completed. Job number 49 was completed on 28 April with 1 500 units produced for a customer, M. Gidy.
Day 1: Material consumed per requisition 201A amounted to R400 Day 1: An artisan worked 4 hours Day 2: Material consumed per requisition 201B amounted to R300 Day 5: An artisan worked 6 hours Day 9: An artisan plus a labourer worked 3 hours Day 11: An artisan plus a labourer worked 8 hours
Labour overheads of 35% are added to the total cost. Material overheads of 25% are added to the total cost. Artisan rate is R75 per hour. Labourer rate is R25 per hour.
Required
Calculate the total job cost and the cost per unit. Present your answer in column form. (20)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started