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6. Following particulars relate to Job No.323 Materials used Rs.500 Direct Wages: X-10 hours @ Rs.2.50 per hour Y-8 hours @ Rs.3.00 per hour Z- 5 hours @ Rs.4.00 per hour Variable Overheads : X-7,000 labour hours = Rs.7,000 Y-3,000 labour hours = Rs.6,000 Z- 1,000 labour hours = Rs.4,000 Fixed overheads estimated at Rs.30,000 for 7,500 normal working hours. You are required to calculate the cost of Job No.323 and calculate the price to give the profit of 33 % on Selling price. %3D

6. Following particulars relate to Job No.323 Materials used Rs.500 Direct Wages: X-10 hours @ Rs.2.50 per hour Y-8 hours @ Rs.3.00 per hour Z- 5 hours @ Rs.4.00 per hour Variable Overheads : X-7,000 labour hours = Rs.7,000 Y-3,000 labour hours = Rs.6,000 Z- 1,000 labour hours = Rs.4,000 Fixed overheads estimated at Rs.30,000 for 7,500 normal working hours. You are required to calculate the cost of Job No.323 and calculate the price to give the profit of 33 % on Selling price. %3D

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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6. Following particulars relate to Job No.323 Materials used Rs.500 Direct Wages: X- 10 hours @ Rs.2.50 per hour Y-8 hours @ Rs.3.00 per hour Z- 5 hours @ Rs.4.00 per hour Variable Overheads: X-7,000 labour hours = Rs.7,000 Y- 3,000 labour hours = Rs.6,000 Z- 1,000 labour hours = Rs.4,000 %3D %3D Fixed overheads estimated at Rs.30,000 for 7,500 normal working hours. You are required to calculate the cost of Job No.323 and calculate the price to give the profit of 33 % on Selling price.
Transcribed Image Text:6. Following particulars relate to Job No.323 Materials used Rs.500 Direct Wages: X- 10 hours @ Rs.2.50 per hour Y-8 hours @ Rs.3.00 per hour Z- 5 hours @ Rs.4.00 per hour Variable Overheads: X-7,000 labour hours = Rs.7,000 Y- 3,000 labour hours = Rs.6,000 Z- 1,000 labour hours = Rs.4,000 %3D %3D Fixed overheads estimated at Rs.30,000 for 7,500 normal working hours. You are required to calculate the cost of Job No.323 and calculate the price to give the profit of 33 % on Selling price.
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