FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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.
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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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