• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Job costing

Forums › FIA Forums › MA2 Managing Costs and Finance Forums › Job costing

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Ken Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 23, 2020 at 3:24 pm #571666
    Motigoe
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    A firm makes special assemblies to customers’ orders and uses job costing. The data for a period is:

    Job number
    AA10

    Opening WIP $26 800
    Material added in period $ 17 275
    Labour $ 14 500

    Job number
    BB15

    Opening work in progress $ 42 790
    Material added in period $ 0
    Labour $ 3 500

    Job number
    CC20

    Opening work in progress $ 0
    Material added in period $ 18 500
    Labour $ 24 600

    The budgeted overheads for the period were $126 000.

    1. What overheads should be added to job number CC20 for the period?

    2. Job number BB15 was completed and delivered during the period and the firm wishes to earn 33
    1/3 profit on sales. What is the selling price of job number BB15?

    3. If job AA10 and CC20 are not completed ,what was the approximate value of closing work in progress at the end of the period?

    May 24, 2020 at 9:46 am #571726
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10595
    • ☆☆☆☆☆

    Typically, overheads are absorbed on the basis of an absorption rate = budgeted overheads/budgeted labour.

    Budgeted labour has not been supplied, just actual labour.

    I’m not sure anyone will spend time to derive the answer to a whole question for you.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Job costing’ is closed to new replies.

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • mrjonbain on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Ken Garrett on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Ken Garrett on The nature and structure of organisations – ACCA Paper BT
  • OmarAlbeity on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Salimbek909 on The nature and structure of organisations – ACCA Paper BT

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in