Reference no: EM132549552
International Furnitures located in Bukhari Commercial Area Phase 6 DHA Karachi is famous for high end customized Victorian Style Bridal Furniture Sets. The following data pertains to order number 566 that was for a bed set, dressing table and a 3 door closet. The order was completed in 2 weeks time starting on Monday 22nd October, and was completed on 2nd November 2018. The price of the complete set that was charged to the customer was Rs 550,000.
Week 1 Week 2
Materials Used Wood Cutting and Formation Department Rs 100,000 Rs 120,000
Direct Labor rate, Wood Cutting and Formation Department Rs 400/hour Rs 400/hour
Labor Hours Used, Wood Cutting and Formation Department 30 50
Direct Labor Rate, Finishing and Polishing Department Rs 350/hour Rs 350/hour
Labor Hours Used, Finishing and Polishing Department 40 30
Machine Hours, Finishing and Polishing Department 50 70
Applied FOH, Wood Cutting and Formation Department Rs 200/DLH Rs 200/DLH
Applied FOH, Finishing and Polishing Department Rs 700/MH Rs 700/MH
Marketing and administrative costs are charged to each order at a rate of 15% of the sales price.
Required
Question a. A Job Cost Sheet for Job 566.
Question b. Actual FOH for the month of October was Rs 750,000, whereas the Applied FOH was 720,000. Make the entries for disposition of overhead
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