A firm makes special assemblies to customers orders and uses job costing. The data for a...

 

Transcribed Image Text:

A firm makes special assemblies to customers orders and uses job costing. The data for a period are: Opening work in process Material added in period Labour for period Job X3 $ 26 800 17 275 14 500 $75 523 Job Y2 $ 42 790 C 3 500 The budgeted overheads for the period were $126 000. Job Y2 was completed and delivered during the period and the firm wishes to earn 33¹/3% profit on sales. What is the selling price for Job Y2? A $69 435 B Job Zl $ $84 963 18 500 24 600 D $138 870 A firm makes special assemblies to customers orders and uses job costing. The data for a period are: Opening work in process Material added in period Labour for period Job X3 $ 26 800 17 275 14 500 $75 523 Job Y2 $ 42 790 C 3 500 The budgeted overheads for the period were $126 000. Job Y2 was completed and delivered during the period and the firm wishes to earn 33¹/3% profit on sales. What is the selling price for Job Y2? A $69 435 B Job Zl $ $84 963 18 500 24 600 D $138 870

Answer rating: 100% (QA)

The selling price for Job Y2 is 84963 Heres how we calculate it Cost of goods sol... View the full answer