From the following particulars relating to Job No. 555, ascertain the total cost: Direct materials: ₹16,000 Direct labour: ₹8,000 Direct expenses: ₹1,600 Works overheads are recovered on the basis of 50% on prime cost an

CS Executive · Cost and Management Accounting · PYQS · June 2016
From the following particulars relating to Job No. 555, ascertain the total cost: Direct materials: ₹16,000 Direct labour: ₹8,000 Direct expenses: ₹1,600 Works overheads are recovered on the basis of 50% on prime cost and administrative overheads at 10% of works cost. Choose the correct option —
(A) ₹45,000
(B) ₹45,240
(C) ₹42,240
(D) ₹43,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Job Costing

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