Question
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:
- Total factory cost.
- Total marketing and administrative expenses.
- Profit margin
- Sales amount.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Job Order Cost Sheet ParticularsWeek 1Week 2Week 3Total ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
Document Format ( 2 attachments)
66426f103a9da_980597.pdf
180 KBs PDF File
66426f103a9da_980597.docx
120 KBs Word File
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