Reference no: EM133080366
Question - In a job costing system, Job No L2569 has incurred the following prime costs:
Direct materials 15 cwt at RM2.40 per cwt
Direct wages Cost centre A 18 hours at RM0.35 per hour
Cost centre B 32 hours at RM0.30 per hour
Budget overhead for the year, based on normal capacity, was:
Variable Cost centre A RM5,850 for 9,000 direct labour hours
Cost centre B RM8,000 for 19,000 direct labour hours
Fixed Total budgeted direct labour hours for whole factory - 22,000 hours and total overhead is RM10,000
You are required to:
a) Calculate the cost of job no L2569.
b) Estimate the per cent profit on cost if the price quoted to the customer was RM145.70.
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