Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting A Decision Emphasis

Authors: Don T. DeCoster, Eldon L. Schafer, Mary T. Ziebell

4th Edition

0471637130, 978-0471637134

More Books

Students also viewed these Accounting questions

Question

What are the objectives of Human resource planning ?

Answered: 1 week ago

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago