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  • Job Costing Job No 143

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    Reyzie Cuerdo Garcia
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    Job no. 143 incurred total costs of $66,890 which included $32,580 in prime costs from materials and wages across four departments, $11,050 in variable overheads, and $2,760 in fixed overheads. To earn a profit of 35% on the selling price, the estimated selling price for job no. 143 should be $102,908. This job costing was estimated based on normal working hours of 2,000 hours at a fixed overhead of $80,000.

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    Job no. 143 incurred total costs of $66,890 which included $32,580 in prime costs from materials and wages across four departments, $11,050 in variable overheads, and $2,760 in fixed overheads. To earn a profit of 35% on the selling price, the estimated selling price for job no. 143 should be $102,908. This job costing was estimated based on normal working hours of 2,000 hours at a fixed overhead of $80,000.

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    © All Rights Reserved
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    5 views1 page

    Job Costing Job No 143

    Uploaded by

    Reyzie Cuerdo Garcia
    Job no. 143 incurred total costs of $66,890 which included $32,580 in prime costs from materials and wages across four departments, $11,050 in variable overheads, and $2,760 in fixed overheads. To earn a profit of 35% on the selling price, the estimated selling price for job no. 143 should be $102,908. This job costing was estimated based on normal working hours of 2,000 hours at a fixed overhead of $80,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Job costi ng Job no 143

    The following costs were incurred on job no 143

    Materials 20, 500.00

    Wages

    Dept x 20 hours at 200 per hrs Php 4,000

    Dept y 15 hours at 180 per hrs Php 2,700

    Dept z 10 hours at 250 per hrs Php 2,500

    Dept a 24 hour at 120 per hrs Php 2,880 12,080

    Prime Cost 32,580

    Variable overheads

    Dept x 20 hours at 200 per hrs Php 4,000

    Dept y 15 hours at 110 per hrs Php 1,650

    Dept z 10 hours at 180 per hrs Php 1,800

    Dept a 24-hour at 150 per hrs Php 3,600 11,050

    Fixed overheads (80,000/2000) 40x69 2,760

    Total overhead 13,810

    Total Cost 66,890

    (+) Profi t 35/100-35= 35/65 36,018

    Selling Price 102,908

    This esti mated at 80,000 for 2000 for normal working hours

    Required to fi nd out the cost of job no 143 and the price that will give a profi t of 35% on
    the selling price.

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