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Question 3 (15) He keeps record of all jobs done at his workshop and provides you with the following records for Job 600 carried out
Question 3 (15) He keeps record of all jobs done at his workshop and provides you with the following records for Job 600 carried out in February 2006 Direct materials issued Direct labour 01/02/2006 R 2 500 Skilled labour: 03/02/2006 R 3400 60 hours @ R150 per hour 09/02/2006 R 4 100 Semi-skilled labour: R10 000 45 hours @ R80 per hour Workshop overheads are absorbed at the rate of 80% o direct labour cost. Job 600 was invoiced to the customer at a mark-up of 50% of the cost of production. Required: 1. Calculate the cost of Job 600. 2. Show how the job was invoiced to the customer
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