Production overhead for the year are budgeted to be

Reference no: EM13482589

PA limited operates a job costing system. The company standardsale price is predetermined Rs. 505 based on cost plus 20% profitmargin. The estimated cost for Job # 141 is as follows:

Direct material:

5 meters@ Rs.20 per meter

Direct labor:

14 hours@ Rs. 8.00 per hour

Production overhead for the year are budgeted to beRs.200,000 and are to be recovered on the basis of the total 40,000 direct labor hour for the year.

Required:

1) Calculate Cost of Goods Sold for job # 141

2) Calculate amount of profit forjob #141

Reference no: EM13482589

Questions Cloud

If the first payment into the fund occurs today what : sally medavoy will invest 7470 a year for 20 years in a fund that will earn 10 annual interest. if the first payment

Schlamber company factory overhead rate is rs2 per hour : schlamber company factory overhead rate is rs.2 per hour. budgeted overhead for 3000 hours per month is rs. 8000 and

Willis corporation has 85215 shares of common stock : willis corporation has 85215 shares of common stock outstanding. it declares a 2 per share cash dividend on august 1 to

Rankine company estimates its bad debts expense by aging : rankine company estimates its bad debts expense by aging its accounts receivable and applying percentages to various

Production overhead for the year are budgeted to be : pa limited operates a job costing system. the company standardsale price is predetermined rs. 505 based on cost plus 20

Lance berkman is the controller of saturn a dance club : lance berkman is the controller of saturn a dance club whose year end is december 31. berkman prepares checks for

How much must be contributed each year by alex hardaway to : alex hardaway borrowed 90000 on march 1 2008. this amount plus accrued interest at 12 compounded semiannually is to be

One employee argues that future benefits of the equipment : abc co recently spent 1200000 to acquire a piece of equipment. the accounting staff is unsure how to properly classify

Prepare the journal entries to record the preceding : 7 comprehensive receivables problem blackmon corporations december 31 2012 balance sheet disclosed the following

User Account

All Pages