Top 5 Job Costing Problems With Solutions _ Cost Accounting

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Top 5 Job J ob Costing Problems with Solutions | Cost Accounting Accounting Article shared by : ADVERTISEMENTS:

In this article we will discuss about top five problems on job costing with their relevant solutions. Contents:

1. Job Costing Problem 1 with Solutions 2. Job Costing Problem 2 with Solutions 3. Job Costing Problem 3 with Solutions 4. Job 4.  Job Costing Problem Problem 4 with Solutions 5. Job Costing Problem 5 with Solutions

 Job Costing Costing Problem 1:

(a) Show the works cost and total cost, the percentages that the works overhead cost bears to the Manual and Machine Labour Wages and the percentage that the Establishment and General Expenses bear to the works cost. (b) What price should the Company quote to manufacture a machine which, it is estimated, will require an expenditure of  Rs.8,000 in material and Rs.6,000 in wages, so that it will yield a profit of 25% on the total cost or 20% on the selling price.

 Job Costing Problem 2:

The following direct costs were incurred on Job. No. 415 of  Standard Radio Company: ADVERTISEMENTS:

 Job Costing Problem 3: By February, 1992 100 units of product X were produced on a  Job Order No. 009 which commenced on 26 February, 1992: The following are the particulars of expenses from which you are to prepare a Job Cost Sheet for the Job Order No. 009:

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 Job Costing Problem 4: Budgeted figures:

Prepare a comparative statement of cost showing the result of  application of each of the above rates to Job No. 200 from the data given below:

 Job Costing Problem 5: The following is the budget of Joy Engineering works for the year 1993:

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Related Articles: 1. Top 7 Problems on Standard Costing with Solutions

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