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    Question For Job Order Costing

    Uploaded by

    Umair Ali
    - Take the requirements independently and assume the entire product is finished to develop a cost of goods manufactured statement showing over or under applied fixed overhead - Calculate how fixed overhead would be distributed according to the proration method when Order 2 is completed and sold for Rs. 36,000 The data provided is for Company XYZ who had two orders, Order 1 and Order 2, to make gloves. Manufacturing overhead costs and budget are provided totaling Rs. 36,000. Direct costs and machine hours for each order are also given.

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    Question For Job Order Costing

    Uploaded by

    Umair Ali
    13 views2 pages
    - Take the requirements independently and assume the entire product is finished to develop a cost of goods manufactured statement showing over or under applied fixed overhead - Calculate how fixed overhead would be distributed according to the proration method when Order 2 is completed and sold for Rs. 36,000 The data provided is for Company XYZ who had two orders, Order 1 and Order 2, to make gloves. Manufacturing overhead costs and budget are provided totaling Rs. 36,000. Direct costs and machine hours for each order are also given.

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    job costing

    Original Title

    question for job order costing

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    - Take the requirements independently and assume the entire product is finished to develop a cost of goods manufactured statement showing over or under applied fixed overhead - Calculate how fixed overhead would be distributed according to the proration method when Order 2 is completed and sold for Rs. 36,000 The data provided is for Company XYZ who had two orders, Order 1 and Order 2, to make gloves. Manufacturing overhead costs and budget are provided totaling Rs. 36,000. Direct costs and machine hours for each order are also given.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    13 views2 pages

    Question For Job Order Costing

    Uploaded by

    Umair Ali
    - Take the requirements independently and assume the entire product is finished to develop a cost of goods manufactured statement showing over or under applied fixed overhead - Calculate how fixed overhead would be distributed according to the proration method when Order 2 is completed and sold for Rs. 36,000 The data provided is for Company XYZ who had two orders, Order 1 and Order 2, to make gloves. Manufacturing overhead costs and budget are provided totaling Rs. 36,000. Direct costs and machine hours for each order are also given.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 2

    Requirements

    • Take all the requirements independently


    – Suppose there were no work in process and the
    entire product were finished. Develop a Cost of
    Goods manufactured showing over or under
    applied FOH
    – How the FOH would be distributed according to
    the proration method when Order 2 is completed
    and out of which Cost of Goods Sold were Rs.
    36000
    Company XYZ had two orders for making gloves of two different
    kinds, Order 1 and Order Two. Following is the data concerning
    to the two orders

    Manufacturing Overheads Rs.


    Rent on factory building 3000
    Depreciation on equipment 5000
    Utilities 4000
    Property Taxes 2000
    Insurance 1000
    Indirect Material 14000
    Budgeted overheads 360000
    Budgeted Machine hours 40000
    Order 1 Order Two
    Direct Material Cost 16000 18000
    Direct Labor Cost 9000 12000
    Machine Hours 1200 2000
    Units 20000 10000

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