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pls answer ASAP Case Study: Job Cost Sheet, Preparation Quotations and fixing sale price 1. A factory uses a job costing system. The following data
pls answer ASAP
Case Study: Job Cost Sheet, Preparation Quotations and fixing sale price 1. A factory uses a job costing system. The following data aro available from the books at the year end in on 31st March 20 p. Required: A. Prepare a job cost sheet showing the prime cost, works cost, production cost, cost of sales and sal value. B. In the year \\( 2007-\\phi 8 \\), the factory has received an order for a number of jobs. It is estimated that direct materials would be Rs. 240,0000 and direct labor would cost Rs.150,0000. What would be price for these jobs if the factory intends to earn the same rate of profit on sales, assuming that selling and distribution overheads have gone up by \15. The factory recovers factory overhead percentage of direct wages and administrative and selling and distribution overhead as a percenta of works cost, based on the cost rates prevalent in the previous year. Case Study: Job Cost Sheet, Preparation Quotations and fixing sale price 1. A factory uses a job costing system. The following data aro available from the books at the year end in on 31st March 20 p. Required: A. Prepare a job cost sheet showing the prime cost, works cost, production cost, cost of sales and sal value. B. In the year \\( 2007-\\phi 8 \\), the factory has received an order for a number of jobs. It is estimated that direct materials would be Rs. 240,0000 and direct labor would cost Rs.150,0000. What would be price for these jobs if the factory intends to earn the same rate of profit on sales, assuming that selling and distribution overheads have gone up by \15. The factory recovers factory overhead percentage of direct wages and administrative and selling and distribution overhead as a percenta of works cost, based on the cost rates prevalent in the previous yearStep by Step Solution
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