A job order for 100 uses four different machines in the factory of which the...
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A job order for 100 uses four different machines in the factory of which the machine hour rates are: Machine P - 1.25 Machine Q - 2.50 Machine R - 3.00 Machine S - 2.25 Following expenses have been incurred on the work order Materials 8,000.00 Wages 500.00 Machine - P has been engaged for 200 hours. Machine - Q for 160 hours, Machine - R for 240 hours and Machine - S for 132 hours. After the job order has been completed, materials worth Rs. 400 are found to be surplus and are returned to stores. Office overhead used to be 40% of works costs, but on account of all-round rise in the cost of administration, distribution and sale, there has been a 50% rise in the office overhead expenditure. If the manufacturer wants to make a profit of 20% on the total cost of the work order, find out the selling price of a unit of commodity ready for sale
| A job order for 100 uses four different machines in the factory of which the machine hour rates are: | |||||||||
| Machine P - | 1.25 | ||||||||
| Machine Q - | 2.50 | ||||||||
| Machine R - | 3.00 | ||||||||
| Machine S - | 2.25 | ||||||||
| Following expenses have been incurred on the work order | |||||||||
| Materials | 8,000.00 | ||||||||
| Wages | 500.00 | ||||||||
| Machine - P has been engaged for 200 hours. Machine - Q for 160 hours, Machine - R for 240 hours and Machine - S for 132 hours. | |||||||||
| After the job order has been completed, materials worth Rs. 400 are found to be surplus and are returned to stores. | |||||||||
| Office overhead used to be 40% of works costs, but on account of all-round rise in the cost of administration, distribution and sale, there has been a 50% rise in the office overhead expenditure. | |||||||||
| If the manufacturer wants to make a profit of 20% on the total cost of the work order, find out the selling price of a unit of commodity ready for sale |
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