5 As a cost accountant, using the following data draw up a job cost sheet: Materials (for the job) : 24-00 Labour for the job at the rate of Rs.2 per hour In department A-10 Hours; In department B– 6 Hours; In Department C-4 Hours Previous year profit and loss account shows the following: Material - 35,000 Labour: - Dept. 'A' : 5,000; Dept. 'B' : 6,000; Dept. 'C' : 4,000 Factory overheads: Dept. 'A' : 5,000; Dept 'B' : 3,000; Dept 'C' : 3,000 Selling & Distribution over heads Rs.12,200 For Job overheads are charged based on previous year and add to the job cost 10% for profit and give job price.
5 As a cost accountant, using the following data draw up a job cost sheet: Materials (for the job) : 24-00 Labour for the job at the rate of Rs.2 per hour In department A-10 Hours; In department B– 6 Hours; In Department C-4 Hours Previous year profit and loss account shows the following: Material - 35,000 Labour: - Dept. 'A' : 5,000; Dept. 'B' : 6,000; Dept. 'C' : 4,000 Factory overheads: Dept. 'A' : 5,000; Dept 'B' : 3,000; Dept 'C' : 3,000 Selling & Distribution over heads Rs.12,200 For Job overheads are charged based on previous year and add to the job cost 10% for profit and give job price.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:5 As a cost accountant, using the following data draw up a job cost sheet:
Materials (for the job) : 24-00
Labour for the job at the rate of Rs.2 per hour
In department A-10 Hours3;
In department B-6 Hours3;
In Department C-4 Hours
Previous year profit and loss account shows the following:
Material - 35,000
Labour:
SAI
Dept. 'A' : 5,000; Dept. 'B': 6,000; Dept. 'C': 4,000
Factory overheads:
Dept. 'A' : 5,000; Dept 'B': 3,000; Dept 'C' : 3,000
Selling & Distribution over heads Rs.12,200
For Job overheads are charged based on previous year and add to the
job cost 10% for profit and give job price.
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