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?