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UNIT-IV(CA5EM) 187 You are required to calculate the cost of Job No. 303 and calculate. the price to give profit of 25% on selling price

UNIT-IV(CA5EM) 187 You are required to calculate the cost of Job No. 303 and calculate. the price to give profit of 25% on selling price

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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Estimated at Rs.20,000 for 10,000 normal labour hours. 2. The information is given below, has been taken from the costing rer an engineering works in respect of Job No. 303. Materials-Rs.4,010 Wages Dept 'A' - 60 hrs at 3/- per hour Dept 'B' – 40 hrs at 2/- per hour Dept 'C' – 20 hrs at 5/- per hour Overhead expenses for these three departments were estimated as t Variable Overheads: Dept 'A' - Rs.5,000 for 5,000 labour hours Dept 'B'- Rs.3,000 for 1,500 labour hours Dept 'C' – Rs.2,000 for 500 labour hours Fixed Overheads: bojebileno) Estimated at Rs.20,000 for 10,000 normal labour hours.
Transcribed Image Text:Estimated at Rs.20,000 for 10,000 normal labour hours. 2. The information is given below, has been taken from the costing rer an engineering works in respect of Job No. 303. Materials-Rs.4,010 Wages Dept 'A' - 60 hrs at 3/- per hour Dept 'B' – 40 hrs at 2/- per hour Dept 'C' – 20 hrs at 5/- per hour Overhead expenses for these three departments were estimated as t Variable Overheads: Dept 'A' - Rs.5,000 for 5,000 labour hours Dept 'B'- Rs.3,000 for 1,500 labour hours Dept 'C' – Rs.2,000 for 500 labour hours Fixed Overheads: bojebileno) Estimated at Rs.20,000 for 10,000 normal labour hours.
UNIT-IV(CA5EM) You are required to calculate the cost of Job No. 303 and calculate. the price to give profit of 25% on selling price. 187
Transcribed Image Text:UNIT-IV(CA5EM) You are required to calculate the cost of Job No. 303 and calculate. the price to give profit of 25% on selling price. 187
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