Calculate the selling price of job No. 102 if Material issued to job is OMR 2,500, Material retuned to store is OMR 200, Material transferred from Job No.111 is OMR 300, Labour cost OMR 1,200, direct expenses are OMR 800, indirect labour OMR 1,600 and office overheads are OMR 700. Job is complete and sold to customer at 20% profit on cost.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Calculate the selling price of job No.
102 if Material issued to job is OMR
2,500, Material retuned to store is
OMR 200, Material transferred from
Job No.111 is OMR 300, Labour cost
OMR 1,200, direct expenses are OMR
800, indirect labour OMR 1,600 and
office overheads are OMR 700. Job is
complete and sold to customer at
20% profit on cost.
a. OMR 7,560
O b. OMR 7,000
O C. OMR 6,300
O d. OMR 1,260
Transcribed Image Text:Calculate the selling price of job No. 102 if Material issued to job is OMR 2,500, Material retuned to store is OMR 200, Material transferred from Job No.111 is OMR 300, Labour cost OMR 1,200, direct expenses are OMR 800, indirect labour OMR 1,600 and office overheads are OMR 700. Job is complete and sold to customer at 20% profit on cost. a. OMR 7,560 O b. OMR 7,000 O C. OMR 6,300 O d. OMR 1,260
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