You are given the following data related to Job No. 555 : Direct Materials ₹3,600 Direct Wages for 90 hours @ ₹4 Variable overhead incurred for all jobs ₹9,000 for 4,500 hours. If 25% profit on selling price is expected,

CS Executive · Cost and Management Accounting · PYQS · December 2020
You are given the following data related to Job No. 555 : Direct Materials ₹3,600 Direct Wages for 90 hours @ ₹4 Variable overhead incurred for all jobs ₹9,000 for 4,500 hours. If 25% profit on selling price is expected, the selling price is:
(A) ₹4,140
(B) ₹5,175
(C) ₹5,520
(D) ₹4,968

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Job Costing

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