Q.1 (CSS-2007, Paper #2, Part-A, Q. #2) &A (20 Marks) Hamza Manufacturing Company collects its cost...

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Q.1 (CSS-2007, Paper #2, Part-A, Q. #2) &A (20 Marks) Hamza Manufacturing Company collects its cost data by the job order cost accumulation procedure. For job No. 0010, for customer Hunzala Ltd; the following data is available: Direct Material Cost Jan 06 Issued Rs. 2,000 Jan 10 Issued Rs. 1,500 Jan 18 Issued Rs. 1,000 Direct Labour Cost Adam 11 Jan, 150 hours @ 12 per hour 20 Jan, 200 hours @ 11 per hour 2007. Resources our hour Masood Factory overhead is applied @ 5 per direct labour hour. Hunzala Ltd. The Hamza Manufacturing Company started the work on job No. 0010 on Lahore I the order for 1,000 units on Jan 05, on Jan 20, 2007 (one day before the date wanted by the customer). The sale price of the job was contracted with a mark up of 20% of cost. 06, 2007 and job was completed Required: Prepare a Job Order Cost Sheet assuming that Selling and Administrative Expenses are 15% on Sales. 0849th

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