Hey,______________________________________________________________________________ ABC Equipment In. receives order from Amund Consultant Clinic on 15th August. The companystarted its production on 18t of August and completed in 25th of August. The company collects itscost and revenue data by the job order cost accumulation procedure. For job number 500, thefollowing data are available:Direct materialDirect LaborFOH-AppliedDateREQ.AmountDateHoursCostRs. 30 for each directNO:Rs.Rs.labor hours8/188/198/258/188/198/218/238/25400400060001000030600800700?60040100035Total20000501000601200Total4300Other Information:1. Total Sales are 30% above cost.2. Marketing and selling expenses Rs. 10003. Administrative expenses 1500.RequiredEnter the appropriate information on a job order cost sheet.

Job order costing: Job order costing a method of costing used by a company t determine the cost…

Answered: Required Enter the appropriate…

Business

Accounting

Required Enter the appropriate information on a job order cost sheet.

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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Question

Hey,

______________________________________________________________________________

ABC Equipment In. receives order from Amund Consultant Clinic on 15th August. The company
started its production on 18t of August and completed in 25th of August. The company collects its
cost and revenue data by the job order cost accumulation procedure. For job number 500, the
following data are available:
Direct material
Direct Labor
FOH-Applied
Date
REQ.
Amount
Date
Hours
Cost
Rs. 30 for each direct
NO:
Rs.
Rs.
labor hours
8/18
8/19
8/25
8/18
8/19
8/21
8/23
8/25
400
4000
6000
10000
30
600
800
700
?
600
40
1000
35
Total
20000
50
1000
60
1200
Total
4300
Other Information:
1. Total Sales are 30% above cost.
2. Marketing and selling expenses Rs. 1000
3. Administrative expenses 1500.
Required
Enter the appropriate information on a job order cost sheet.

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