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Solve it properly with steps Attock Engineering Co. Ltd produces machines as per customer's specifications. The following data pertains to job order no. 1122: Description:
Solve it properly with steps
Attock Engineering Co. Ltd produces machines as per customer's specifications. The following data pertains to job order no. 1122: Description: 6 machines. Week ending 14/08 week ending 21/08 Material used Deptt. A Rs. 4800 Rs.2600 Direct labor rate Deptt. A Rs. 40/ hour Rs. 40/ hour Labor hour used Deptt A 1200 800 Direct labor rate Deptt B Rs. 42/ hour Rs. 42/ hour Labor hour used Deptt.B 600 280 Machine hours. Deptt B 400 240 Applied FOH Deptt. A Rs. 20/ labor hour Rs. 20/ labor hour Applied FOH Deptt. B Rs. 18/ machine hour Rs. 18/ machine hour Marketing and administrative costs are charged to each order @ 20% of the cost to manufacture. Required: Prepare job order cost sheet. Calculate sales price of the job, assuming that it has been contracted with a mark-up of 40% of costStep by Step Solution
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