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Noddy Sdn Bhd received an order to manufacture for its customer. The order, Job No. 123, has the following details: Department: Assembly Machining Direct labour
Noddy Sdn Bhd received an order to manufacture for its customer. The order, Job No. 123, has the following details: Department: Assembly Machining Direct labour hours 10 20 Machine hours 25 5 Direct material cost (RM) 1,600 760 Direct labour cost per hour (RM) 20 25 Additional information: Production overhead costs for the job is absorbed based on departmental OAR. (Refer to your answer in b.(ii) above) i. ii. Rental cost for special machine RM450. iii. Shipping expenses incurred RM300. iv. V. Selling and administrative salaries RM1,950. Profit for Job No. 123 is 20% on selling price. a. Required: Prepare a job cost sheet for Job No. 123. (10 marks) b. Explain the difference between mark up and margin. (3 marks) (Total: 33 marks)
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