A company operates a job costing system. Job number 6789 will require $345 of direct materials...

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A company operates a job costing system. Job number 6789 will require $345 of direct materials and $210 of direct labour, which is paid $14 per hour. Production overheads are absorbed at the rate of $30 per direct labour hour and non-production overheads are absorbed at the rate of 40% of prime cost. Required What is the total expected cost of the job? QUESTION 2: PROCESS COSTING XYZ Ltd Chemical Ltd processes a range of products including a detergent, "Washo', which passes through 3 processes before completion and transfer to the finished goods warehouse. During April, data relating to this product were as follows: Process I Process II Process III Total Basic raw material (10.000 units) $6,000 $6,000 Direct raw material added in process $8,500 $9,500 $5,500 $23,500 Direct wages $4,000 $6,000 $12,000 $22,000 Direct expenses $1,200 $930 $1,340 $3,470 Production overhead $16,500 Output (in Units) 9.200 8,700 7,900 Normal loss in process of input (per cent) 10% 5% 10% Scrap value sales per unit $0.20 $0.50 $1.00 The production overhead is absorbed as a percentage of direct wages. There was no stock at the start or at the end of any process. Required: You are required to prepare the following accounts: i) Process I. ii) Process II iii) Process III, iv) Abnormal gain/loss A company operates a job costing system. Job number 6789 will require $345 of direct materials and $210 of direct labour, which is paid $14 per hour. Production overheads are absorbed at the rate of $30 per direct labour hour and non-production overheads are absorbed at the rate of 40% of prime cost. Required What is the total expected cost of the job? QUESTION 2: PROCESS COSTING XYZ Ltd Chemical Ltd processes a range of products including a detergent, "Washo', which passes through 3 processes before completion and transfer to the finished goods warehouse. During April, data relating to this product were as follows: Process I Process II Process III Total Basic raw material (10.000 units) $6,000 $6,000 Direct raw material added in process $8,500 $9,500 $5,500 $23,500 Direct wages $4,000 $6,000 $12,000 $22,000 Direct expenses $1,200 $930 $1,340 $3,470 Production overhead $16,500 Output (in Units) 9.200 8,700 7,900 Normal loss in process of input (per cent) 10% 5% 10% Scrap value sales per unit $0.20 $0.50 $1.00 The production overhead is absorbed as a percentage of direct wages. There was no stock at the start or at the end of any process. Required: You are required to prepare the following accounts: i) Process I. ii) Process II iii) Process III, iv) Abnormal gain/loss