Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please slove this question immediately Question # 04 Marks : 10 A small factory presents the following per unit cost for Job # 421 to

image text in transcribed

please slove this question immediately

Question # 04 Marks : 10 A small factory presents the following per unit cost for Job # 421 to determine the selling price Materials Tk. 70.00 Tk. 45.00 Direct wages 18 hours @ Tk. 2.50 per hour) (Dept. A 8 hours, Dept. B, 6 hours Dept. C, 4 hours) Chargeable expenses (special stores items) Tk. 5.00 TK. 120.00 Add 33.33% for expenses Tk . 40.00 Total Tk. 160.00 Analysis for the Profit & Loss Account for the current year Sales less returns Tk. 250,000.00 Materials Tk. 150,000.00 Direct wages (Dept. A Tk. 10,000.00 + Dept. B Tk. 12,000.00+Dept. C Tk. 8,000.00) Tk. 30,000.00 Special Store items Tk. 4,000.00 Overheads Dept.( A Tk.5,000.00+ Dept. B Tk. 9,000.00+ Dept. C Tk 2,000.00) Tk. 16,000.00 Tk.200,000.00 Gross profit Tk. 50,000.00 Selling expenses Tk. 20,000.00 Net Profit Tk. 30,000.00 It is also noted that average hourly rates for the 3 departments A, B &C are similar. Direct labour hour method is followed to absorb overheads Required: Calculate revised cost for the current year using actual figures as basis and add 20% to total costs to determine selling price

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

Ethical Obligations And Decision Making In Accounting Text And Cases

Authors: Steven Mintz, Roselyn Morris

2nd Edition

0078025281, 9780078025280

More Books

Students also viewed these Accounting questions

Question

How has Biobidet been able to utilize its capital or labor?

Answered: 1 week ago

Question

=+ Where would most corporations like the balance to fall?

Answered: 1 week ago