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Y Belati Sdn. Bhd. is a well-known producer of quality textile. During the second week of November 2019, the company received an order for Job
Y Belati Sdn. Bhd. is a well-known producer of quality textile. During the second week of November 2019, the company received an order for Job No. 58. Job No. 58 passes through three departments, namely X, Y and Z. A job No. 58 passes through three departments namely X, Y and Z. The following information is given to you regarding this Departments Z Material RM8,000 RM1,000 RM500 used to job Direct labour 1,000 2,000 5,000 hour for job Rate of direct RM1.00 RM1.50 RM2.00 labour per hour Sale of scrap RM1,000 RM150 RM100 of material arising from job Total RM10,000 RM15,000 RM25,000 overhead for the departments 10,000 30.000 40,000 Total labour hour for the departments Additional Information: i. ii. Overhead is absorbed based on direct labour hour. Selling expenses are 5% of production cost. Administration expenses are 10% of production cost. Profit is set at 20% on total cost. iv. a) Prepare a Job Cost Sheet for Job No. 58, showing its prime cost, total production cost and total cost. (18 marks) (b) Determine the profit and selling price. (2 marks)
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