Explain how each of the following transactions is dealt with in a job-costing system: (a) The production
Question:
Explain how each of the following transactions is dealt with in a job-costing system:
(a) The production department orders 16 components from store at a cost of \(£ 3\) each, to be used on job 59.
(b) An employee (A. Jones) receives a weekly wage of \(£ 600\). In week 29 this employee's time has been spent two-thirds on job 61 and one-third on job 62.
(c) On 16 June, job 94 is finished at a total cost of \(£ 3,500\). The job consisted of printing brochures for a supermarket advertising campaign.
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Related Book For
Financial And Management Accounting An Introduction
ISBN: 9780273789215
6th Edition
Authors: Prof Pauline Weetman
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