Question
Q # 3 XYZ Equipment In. receives order from Shiraz Consultant Clinic on 15 th August. The company started its production on 18 th of
Q # 3
XYZ Equipment In. receives order from Shiraz Consultant Clinic on 15th August. The company started its production on 18th of August and completed in 25th of August. The company collects its cost and revenue data by the job order cost accumulation procedure. For job number 505, the following data are available:
Direct material | Direct Labor | FOH-Applied
| ||||
Date | REQ. NO: | Amount Rs. | Date | Hours | Cost Rs. | Rs. 30 for each direct labor hours |
8/18 | 400 | 4000 | 8/18 | 30 | 600 | ? |
8/19 | 600 | 6000 | 8/19 | 40 | 800 |
|
8/25 | 1000 | 10000 | 8/21 | 35 | 700 |
|
| Total | 20000 | 8/23 | 50 | 1000 |
|
|
|
| 8/25 | 60 | 1200 |
|
|
|
|
| Total | 4300 |
|
Other Information:
- Total Sales are 30% above cost.
- Marketing and selling expenses Rs. 1000
- Administrative expenses 1500.
Required
Enter the appropriate information on a job order cost sheet.
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