Decent Furniture receive an order of 200 easy chairs from AK Enterprises thought customer order no. 56 dated, July 17, 2020. cost related to production of this order is calculated as:

 

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Direct Material Estimated Amount Rs.284,000 Direct Labor Estimated Amount Rs.184,000 Actual Cutting Designing Finishing July 20, 10.000 July 30, 15,000 10,000 August 5, 40,000 15,000 10,000 Actual July 20, 6,000 8,000 10,000 July 30. 15,000 25.000 25,000 August 5, 14.000 34.000 40.000 Applied FOH is 30% of prime cost. Order starting date is July 22, 2020 and completion is August 30, 2020. Contract price is Rs.732.000. Selling expense is 2% of contract price, administrative expense is 3% of contract price Required: Prepare the job cost sheet and determine the net profit Direct Material Estimated Amount Rs.284,000 Direct Labor Estimated Amount Rs.184,000 Actual Cutting Designing Finishing July 20, 10.000 July 30, 15,000 10,000 August 5, 40,000 15,000 10,000 Actual July 20, 6,000 8,000 10,000 July 30. 15,000 25.000 25,000 August 5, 14.000 34.000 40.000 Applied FOH is 30% of prime cost. Order starting date is July 22, 2020 and completion is August 30, 2020. Contract price is Rs.732.000. Selling expense is 2% of contract price, administrative expense is 3% of contract price Required: Prepare the job cost sheet and determine the net profit