- Chapter 3 Job Order Costing Job No 1400 Q1 Following Are The Details Of Jobs Completed During The Month Job No 120 1 (151.88 KiB) Viewed 28 times
CHAPTER #3: JOB ORDER COSTING: Job no. 1400 Q1. Following are the details of jobs completed during the month Job no. 1200 Direct material used: Department X 1,000 meters at Rs. 12 Department Y 1,850 kgs at Rs 9 2,500 meters at Rs 18 6,250 kgs at Rs. 4 Direct labor used: Department X Department Y 1,800 hours at Rs. 7/hour 1,560 hours at Rs 9 / hour 960 hours at Rs 12 per hour 675 hours at Rs 18 per hour Factory overhead: Department X Department Y Rs 4.5 per hour Rs 6 per hour Rs 5.5 per hour Rs. 7 per hour Factory overhead is based on direct labor hours. Company sold goods 40% above cost of Job 1200 and Job 1400 at 45% above cost to customer Required a. A Job Cost Sheet for both jobs. b. Mr. Shujaa is a carpenter and makes furniture for clients as per their demand in his shop. Which costing system do you think is to be followed by him. Q2. The Sama Industries follows job order costing system. Following information is related to Job No. 25 Material Used, Direct labor Dept. 1 Dept. 1 Apr. 03, 2022 $ 1,250 $ 4.6/hr. Apr. 18, 2022 $700 $ 4.6/hr. rate 100 hrs. 50 hrs. $ 4/hr. $ 4/hr. Labor Hour Dept. 1 used Direct labor Dept. 2 rate Labor Hour Dept. 2 used Machine Hours Dept. 2 Applied FOH Dept. 1 Applied FOH 70 hrs. 30 hrs. 100 hrs. $ 2 per direct labor hr. $ 0.9 per machine hr. 60 hrs. $ 2 per direct labor hr. $ 0.9 per machine hr. Dept. 2 Additional Information Marketing and Advertisement Expense Sale Price 13% of Sales 10,500