Jukes Ltd bases its job estimates on the following formulae: Total cost = Prime cost plus 50%

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Jukes Ltd bases its job estimates on the following formulae:

Total cost = Prime cost plus 50% for overheads Selling price = Total cost plus 30% for profit.

Estimates for job PW1 and for job JC2 are as follows: image text in transcribed

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Accounting For Non Accountants

ISBN: 9780749465971

9th Edition

Authors: David Horner

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Question Posted: Jan 31, 2024 03:05 AM

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Jukes Ltd bases its job estimates on the following formulae: Total cost = Prime cost plus 50%

Question:

Direct materials (5 per kg) Direct labour (8 per hour) Calculate the selling price for each job. Job PW1 400 160 Job JC2 200 240

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Selling price Direct materials Di...View the full answer

Accounting For Non Accountants

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