TOPIC 7: JOB ODER COSTING PSPM AA025 2018/2019 Sri Lembing Enterprise (SLE) is an exclusive garment manufacturer for special oders. SLE applies the normal costing system. Esimated annual plant overhead is RM60,000 based on 12,000 hours of direct labour. The jobs during February 2019 as ahown in the below: Job X Job Y Job Z Direct labour hours 250 200 180 Costs: RM RM RM Beginning work-in process 4,600 3,300 2,000 Direct Material 2,200 1,700 1,400 Direct Labour 1,500 1,200 1,000 The actual manufacturing overhead cost in February was RM3,700. Required: (i) Calculate the total cost for job X,Y and Z. (7 marks) (ii) (Ans: POR=RM5: Total cost Job X:RM9,550: Job Y:RM7,200: Job Z:RM 5,300) Calculate the over-applied or under-applied overheads. (2marks) (Ans: Under-applied overhead RM550) (iii) Prepare journal entries to adjust over-applied or under-applied overheads to the cost of goods sold. (1 marks)