XYZ Equipment In. receives an order from Shiraz Consultant Clinic on 15 th August. The company started
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Question:
XYZ Equipment In. receives an order from Shiraz Consultant Clinic on 15th August. The company started its production on the 18th of August and completed it on the 25th of August. The company collects its cost and revenue data by the job order cost accumulation procedure. For job number 505, the following data are available:
Direct material | Direct Labor | FOH-Applied
| ||||
Date | REQ. NO: | Amount Rs. | Date | Hours | Cost Rs. | Rs. 30 for each direct labor hours |
8/18 | 400 | 4000 | 8/18 | 30 | 600 | ? |
8/19 | 600 | 6000 | 8/19 | 40 | 800 | |
8/25 | 1000 | 10000 | 8/21 | 35 | 700 | |
Total | 20000 | 8/23 | 50 | 1000 | ||
8/25 | 60 | 1200 | ||||
Total | 4300 |
Other Information:
- Total Sales are 30% above cost.
- Marketing and selling expenses Rs. 1000
- Administrative expenses of 1500.
Required
Enter the appropriate information on a job order cost sheet.
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ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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