The following information is extracted from the job ledger in respect of Job No. 404: Material : ₹3,400 Wages : 80 hours @ ₹2.50 per hour Variable overheads incurred for all jobs: ₹5,000 for 4,000 labour hours If the job

CS Executive · Cost and Management Accounting · PYQS · December 2015
The following information is extracted from the job ledger in respect of Job No. 404: Material : ₹3,400 Wages : 80 hours @ ₹2.50 per hour Variable overheads incurred for all jobs: ₹5,000 for 4,000 labour hours If the job is billed for ₹4,200 the profit will be —
(A) ₹600
(B) ₹500
(C) ₹700
(D) ₹650

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Job Costing

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