Nopal Fabrics Trading received an order from a customer to produce 200 unit of customized corporate...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Nopal Fabrics Trading received an order from a customer to produce 200 unit of customized corporate attire. The following information is available for JOB X70. Additional information for the cost centres are as follows: Budgeted overhead (RM) Budgeted direct labour hours Budgeted machine hours Direct labour: Machine hours: b. JOB X70 Cutting department @ RM5.00 per hour Sewing department @ RM3.00 per hour a. Direct Materials - Fabric, thread, needles Indirect materials-Button, lace, zip Direct Expenses-Cost of renting a sewing stitches machine Administration and general expenses Delivery expenses Cutting department Sewing department Cutting Department 12,500 6,500 2,500 i. Prepare a job cost sheet for JOB X70, showing clearly: - Prime cost Production cost Overheads are absorbed based on machine hours and direct labour hours for cutting and sewing department respectively. Required: ii. iii. iv. V. Total cost Selling price with profit mark up of 100% Selling price per unit Sewing Department 18,600 6,200 7,400 State TWO (2) characteristics of job costing. 154 hours 160 hours 20 hours 40 hours RM10,800 RM3,000 RM2,200 RM500 RM150 Nopal Fabrics Trading received an order from a customer to produce 200 unit of customized corporate attire. The following information is available for JOB X70. Additional information for the cost centres are as follows: Budgeted overhead (RM) Budgeted direct labour hours Budgeted machine hours Direct labour: Machine hours: b. JOB X70 Cutting department @ RM5.00 per hour Sewing department @ RM3.00 per hour a. Direct Materials - Fabric, thread, needles Indirect materials-Button, lace, zip Direct Expenses-Cost of renting a sewing stitches machine Administration and general expenses Delivery expenses Cutting department Sewing department Cutting Department 12,500 6,500 2,500 i. Prepare a job cost sheet for JOB X70, showing clearly: - Prime cost Production cost Overheads are absorbed based on machine hours and direct labour hours for cutting and sewing department respectively. Required: ii. iii. iv. V. Total cost Selling price with profit mark up of 100% Selling price per unit Sewing Department 18,600 6,200 7,400 State TWO (2) characteristics of job costing. 154 hours 160 hours 20 hours 40 hours RM10,800 RM3,000 RM2,200 RM500 RM150
Expert Answer:
Answer rating: 100% (QA)
Job Cost Sheet JOB X70 Particulars Amount RM Direct Materials Fabric thread needles 6200 Indirect Ma... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The ledger of Columbia, Inc. on March 31, 2014, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance 2,240 Supplies 3,120 Equipment 36,000 Unearned...
-
The following information is available for ConcertWearShirts: The normal production level is 300 shirts. This production period ConcertWear produced 280 shirts. ConcertWear purchased 900 metres of...
-
1. Prepare a schedule of cost of goods manufactured for Denim Bones for the year ended December 31, 2024. 2. Prepare an income statement for Denim Bones for the year ended December 31, 2024. 3. How...
-
Compare and contrast the different forms of online advertising. What factors should a company consider in deciding among these different forms?
-
What interstate competition problems are likely to arise if some but not all states in a federal system harmonize their RSTs with the federal VAT?
-
Consider the following cash flow profile and assume MARR is 10 percent/year and the finance rate is 4 percent/year. a. Determine the MIRR for this project. b. Is this project economically attractive?...
-
The comparative condensed income statements of Hendi Corporation are shown below. Instructions (a) Prepare a horizontal analysis of the income statement data for Hendi Corporation using 2013 as a...
-
What is a sampling distribution? Explain
-
A double-wall heat exchanger is used to transfer heat between liquids flowing through semicircular copper tubes. Each tube has a wall thickness of t = 3 mm and an inner radius of r; = 20 mm. and good...
-
Describe how catching exceptions can help with file errors. Write a Python example that implements exception handling for any one of the file errors. Your code should use, try: except: blocks....
-
Case Machinery showed the following operating budget for the next year. Complete parts (a) through (d) below. Each scenario is independent. Sales $2,300,000 Fixed cost $1,500,000 Total variable cost...
-
what type of balance sheet account is notes receivable ?
-
why all counties should use the same international accounting standard? pls provide some arguments to support it
-
Based on the the The Malcolm Baldrige National, frame work , choose the company that as been applied that framework and Describe the history of the methodology or framework and how they came to be...
-
What happens when a cardholder approves a transaction?
-
#1. Write the PowerShell syntax to do the following: # Obtain all processes # Filter and keep only processes with CPU greaterthan 20 (Filter PowerShell so that it cannot be in theresults) # Sort by...
-
At Glass Company, materials are added at the beginning of the process and conversion costs are added uniformly. Work in process, beginning: Number of units Transferred - in costs Direct materials...
-
Skyler is covered by his company's health insurance plan. The health insurance costs his company $3,500 a year. During the year, Skyler is diagnosed with a serious illness and the health insurance...
-
Please answer the following questions regarding the taxability of Social Security: a. A 68-year-old taxpayer has $20,000 in Social Security income and $100,000 in tax-free municipal bond income. Does...
-
Karim Depak received a Form 1099-B showing the following stock transactions and basis during 2012: None of the stock is qualified small business stock. Calculate Karim's net capital gain or loss...
-
What can a multinational firm do to reduce the level of stress that expatriates may feel as a result of real or perceived terrorist threats? Explain. One of the concomitants of international...
-
Form an even number of teams of five members each, with one pro team and one con team working for the same university. The pro team is asked to defend the advantage of opening a branch campus, while...
-
Research some recent articles dealing with the recent push by U.S. universities to start training foreign students abroad. Based on what you have read, what would you conclude in terms of the...
Study smarter with the SolutionInn App