note: xx value is 57. PT ABC is a company in Indonesia that...
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note: xx value is 57.
PT ABC is a company in Indonesia that produces furniture. The company sells furniture equipment with special forms using a job-order system. This quarter the company received three job orders namely Job A, Job B and Job C. In 31 December 2014 the company has IDR 25 million beginning inventory. The company bought new materials IDR XX*) million and it has ending inventory on 31 March 2015 IDR 10 million. After calculate material used, management knew that 25% materials were used by Job A, 25% by Job B and the others were used by Job C. There were direct labor cost IDR 80 million 50% for Job A and 25% for Job B and the others for Job C. Overhead cost in 3 months was IDR 60 M. Sales and administration cost IDR 50 M. If 50% of the products were sold IDR 200 M, 1. Please calculate total material cost (for both job a and job b) in this period. 2. Calculate the prime cost for job-order A, Job-order B and Job-order b. 3. Select the driver to allocate overhead and calculate overhead cost for A, B and C. 4. Calculate the company's net income for this period (assume income tax 25%)
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