The following information is related to Job No. 503: Raw materials ₹14,000 Direct wages (@₹110 per hour) ₹7,150 Production overhead incurred for all the jobs ₹24,75,000 for 55,000 direct labour hours. The factory cost of
CS Executive · Cost and Management Accounting · PYQS · December 2021
The following information is related to Job No. 503: Raw materials ₹14,000 Direct wages (@₹110 per hour) ₹7,150 Production overhead incurred for all the jobs ₹24,75,000 for 55,000 direct labour hours. The factory cost of the Job No. 503 will be:
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Job Costing
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