E-BOOK COST&MANAGEMENT ACCOUNTING

Job Costing Job Cost Sheet for Job No. 21
Example 1 Calculation

Items of Costs

Direct material
Department A
Department B
Department C

Direct labour 40 x 10
Department A 50 x 15
Department B 15 x 10
Department C

Direct expenses
Fashion designer fee

PRIME COST

Production Overheads Absobed 5 x 20
Department A 10 x 50
Department B 10% x 3,000
Department C

PRODUCTION COST

Administration, selling and distribution expenses 10% x 3,900
TOTAL COST

Amount Amount
RM RM

600 1,200
400
200

400
750
150 1,300

500
3,000

100
500
300 900

3,900

390
4,290

Example 2 on cost 4,290 (100% x 429
Markup 858 (20% x 4290
Total cost (120% x 429
+ Profit 100% 5,148
20%
Selling price 120%

on selling price

Margin

90) Total cost 80% 4,290

0) + Profit 20% 1072.50

90) Selling price 100% 5,362.50

Choose margin

Selling price - Cost = Profi

o
M

(80% x 5362.50) Total cost
(4290/80% x 20%) + Profit
(4290/80% x 100%)
Selling price
oose margin

Assum

it Total cost on selling price
+ Profit Margin
on cost 80%
Markup Selling price 20%
100% 100%

20%
120%

me the company wants 20% profit