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how to do this job costing?
SRI bhd. Is an engineering workshop which makes machineries to customer's order. Job 171 is an progress. Cost incurred up to 31 march 2009 comprise of:
materials=$1020 wages=$290 factory overhead=$90 the following costs were charged to the following jobs in April 2009 job 010: materials=$470 wages=$250 job X15: materials=$650 wages=$320 job T2: materials=$690 wages=$390 Actual overhead incurred for the month of April amounted to $5400. However the company charges overheads to job based on 90% of direct labour cost. The following two jobs were completed in april: job quoted price 010 $5400 X15 $4500 required: a. compute the cost of each job up to April 2009 b. determine profits made for April 2009 P/s: help me? |
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