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QUESTION 3 Perniagaan lz Rizky Printing uses the job order costing system to detemine its job order cusis. The information for the first month of
QUESTION 3 Perniagaan lz Rizky Printing uses the job order costing system to detemine its job order cusis. The information for the first month of its operation in yeat 2023 is as follows: 1. Balance as at 1n January 2023 of Cl1 is RM1,020 2. Purchase of raw materials worth RM49,850 on credit. 3. Direct materials and direct labor costs are as follows: 4. The predetermined overhead rate is 82.5% of direct labor cost. 5. Other costs incurred are as follows: 6. Completed jobs are C11 and C13. REQUIRED: Calculate: (a) the cost of completed job. (b) the cost of work in process as at 31 January 2023 (c) over/ under applied overhead and prepare adjusting entries to record over/under applied Overhead
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