Question No: 37 ( Marks: 5 )
PA limited operates a job costing system. The company standard sale price is predetermined Rs.
505 based on cost plus 20% profit margin. 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 be Rs.200,000 and are to be recovered on the
basis of the total 40,000 direct labor hour for the year.
v Calculate Cost of Goods Sold for job # 141
v Calculate amount of profit for job #141
kindly some body solve it properly
If anyone know how to solve this problem then kindly help plz
yes its past papers question and it came in almost all midterm papers very very very very important and kindly faizan you do it before 25th plzzzzzzzzzzzzzzzz
Tariq bahi i asked help from u too plz solve this problem
humain b past pappers send karain jo ap k pass hn. muje ata ha solve kar dn gi.
to plz solve this rabiya and post it plzzzzzzzzzz
Mateiral = 100
D. Labor = 112
FOH = 200 000/40000x14 = 70
Cost of goods sold = 282
Net Profit= 282x.2/.8=70.5
Somebody tell m i have solved the above problem write
atif paper hogaya apka???
i thnk its wrong the question is complicated
tehrim do u knw hw to solve it