Question 1 (10 Marks) You are required to visit an industry where job costing is...
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Accounting
Question 1 (10 Marks) You are required to visit an industry where job costing is applicable and write a detailed report as per the following instructions: a. Give an introduction about the selected industry. Write about the nature of business, their products and/or services. b. Why do you think job costing is applicable to them? Explain. c. What are the procedures they follow/should follow in order to facilitate a better job costing system? Explain. d. How are they charging overheads to the production costs/How should they charge overheads to production? Explain? e. How are they preparing/How should they prepare quotation? What are they taking/What should they take into consideration while quoting price for a job
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