PPMI Design Sdn Bhd, a printing company received an order named Job 600, for a customized...
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PPMI Design Sdn Bhd, a printing company received an order named Job 600, for a customized jersey T-shirt. The relevant data relating to the Job 600 are as follows: Direct materials AA03 @ RM5/meter BB05 @ RM3/moter Direct labours Sewing department (24 hours) Finishing department (16 hours) Overhead absorption rate Sewing department Finishing department 300 meters 180 meters RM480.00 RM320.00 RM17.00 per machine hour RM13.00 per direct labour hour Machine hour for Job 600 at sewing department is 14 hours. Selling and distribution expenses are 30% of the production cost. Profit is 20% of selling price. Required: a. b. Prepare a job cost sheet for Job 600, clearly showing its prime cost, total cost, profit and selling price. (6 marks) Based on the following service business listed below, state ONE (1) example of cost unit for each. Service Business KYPJ Medical Centre KTD University iii.Boat for Gaya Island iv. Hyatt Hotel i ii. Cost Unit PPMI Design Sdn Bhd, a printing company received an order named Job 600, for a customized jersey T-shirt. The relevant data relating to the Job 600 are as follows: Direct materials AA03 @ RM5/meter BB05 @ RM3/moter Direct labours Sewing department (24 hours) Finishing department (16 hours) Overhead absorption rate Sewing department Finishing department 300 meters 180 meters RM480.00 RM320.00 RM17.00 per machine hour RM13.00 per direct labour hour Machine hour for Job 600 at sewing department is 14 hours. Selling and distribution expenses are 30% of the production cost. Profit is 20% of selling price. Required: a. b. Prepare a job cost sheet for Job 600, clearly showing its prime cost, total cost, profit and selling price. (6 marks) Based on the following service business listed below, state ONE (1) example of cost unit for each. Service Business KYPJ Medical Centre KTD University iii.Boat for Gaya Island iv. Hyatt Hotel i ii. Cost Unit
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Lets calculate the cost components for Job 600 a Job Cost Sheet for Job 600 Direct Materials AA03 RM5meter x 300 meters RM1500 BB05 RM3meter x 180 meters RM540 Direct Labor Sewing Department 14 hours ... View the full answer
Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
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