A firm makes special electrical units to customers’ orders and uses job costing The data for a period are Job reference
Posted: Sun Jul 03, 2022 1:32 pm
A firm makes special electrical units to customers’orders and uses job costing
The data for a period are
Job reference
XI
YM
ZN
Opening work in progress
26800
42790
0
Material added in period
17275
0
18500
Labour for period
14500
3500
24600
The budgeted overheads for the period were $134000 andthese are absorbed on the basis of labour cost.
Job Xl was completed and delivered during the period andthe firm value wishes to earn a 25% mark-up on cost .
What should be the selling price for jobXl?
A. $192575
B. $73219
C. $130231
D. $138913
The data for a period are
Job reference
XI
YM
ZN
Opening work in progress
26800
42790
0
Material added in period
17275
0
18500
Labour for period
14500
3500
24600
The budgeted overheads for the period were $134000 andthese are absorbed on the basis of labour cost.
Job Xl was completed and delivered during the period andthe firm value wishes to earn a 25% mark-up on cost .
What should be the selling price for jobXl?
A. $192575
B. $73219
C. $130231
D. $138913