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

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

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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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.
Transcribed Image Text: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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