Question: 1. The information given below has been taken from the costing records of an industry in respect of job No.606. Material: Tk 8020. Labour:

1. The information given below has been taken from the costing records 

1. The information given below has been taken from the costing records of an industry in respect of job No.606. Material: Tk 8020. Labour: Department A 120 hours @ Tk 6 per hour Department B 80 hours @ Tk 4 per hour. Department C 40 hours @ Tk 10 per hour. Overhead expenses for these 3 departments were estimated as follows: Variable overhead: Department A Tk 10000 for 10000 labour hours Department B Tk 6000 for 3000 labour hours. Department C Tk 4000 for 1000 labour hours Fixed overhead: Estimated Tk 4000 for 20,000 normal working hours. Required: Prepare a Job order cost sheet for Job No. 606 and calculate the price to give a profit of 25% on selling price.

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