12-05-2010, 07:16 PM
1.Explain Classification of cost, Allotment of cost, Apportionment cost(3)
2.Define Blanket rate(3)
3.PA Ltd. standard sale price is predetermined Rs. 505 based on cost plus 20% profit margin. Estimated cost for job #141
Direct material 5 meter @ 20 per meter
Direct labor 14 hours @ 8 per hour
Predetermined over head for year are bugted to be Rs. 200000 and are to be received on basis of total 40000 credit labors four for year, calculate cost of goods sold for job # 141
Calculate amount for profit for job @141(5)
2.Define Blanket rate(3)
3.PA Ltd. standard sale price is predetermined Rs. 505 based on cost plus 20% profit margin. Estimated cost for job #141
Direct material 5 meter @ 20 per meter
Direct labor 14 hours @ 8 per hour
Predetermined over head for year are bugted to be Rs. 200000 and are to be received on basis of total 40000 credit labors four for year, calculate cost of goods sold for job # 141
Calculate amount for profit for job @141(5)