Question: Que 3/ TASK 3 In May, Matrix Inc. worked upon several jobs and calculated cost using Normal Costing. Now it wants to figure out

Que 3/ TASK 3 In May, Matrix Inc. worked upon several jobs

Que 3/ TASK 3 In May, Matrix Inc. worked upon several jobs and calculated cost using Normal Costing. Now it wants to figure out Cost of job no 690/2020 by using Actual Costing. Calculate both Normal Costing and Actual Costing and compare the results: (10 Points) Direct Material DM_1 DM_2 Direct Labour Skilled Workers Unskilled Workers Rent Water Electricity Meals Job No 690/2020 Units Rate Cost 2000 10 550 250 Hours Rate 650 1550 350 149 Manufacturing Overheads of the Division Total Labour hours of the division 6000 hours Manufacturing Overheads of the division Budgeted Manufacturing Overheads Budgeted hours 4,50,000 8,000 3,00,000 15,000 1,00,000 60,000

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