Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Recently it obtained an order for the manufacturing of one of its renowned model. Following information is compiled for related job: Week Materials Labor Qty

Recently it obtained an order for the manufacturing of one of its renowned model.

Following information is compiled for related job:

Week Materials Labor

Qty Rs./ unit Hours Rs./ hour

01 50 20 20.00 40

02 55 24 10.00 44

03 60 22 15.00 36

Factory overhead is Rs. 36 per labor hour, marketing expense is 25% and administrative expense is 20% of total factory cost. Margin is 50% of total cost.

Required:

Prepare Job Order Cost Sheet showing clearly the followings:

  1. Total factory cost.
  2. Total marketing and administrative expenses.
  3. Profit margin
  4. Sales amount.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Job Order Cost Sheet ParticularsWeek 1Week 2Week 3Total ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Document Format ( 2 attachments)

PDF file Icon
66426f103a9da_980597.pdf

180 KBs PDF File

Word file Icon
66426f103a9da_980597.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475

More Books

Students also viewed these Accounting questions

Question

design of port mapped using diagram

Answered: 1 week ago