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i) Job number BB15 was completed and delivered during the period and the firm wishes to earn 33 and 1/3rd percent profit on sales. What is the selling price of job number BB15? ii) what was the approximate value of closing work in progress at the end of the period?

i) Job number BB15 was completed and delivered during the period and the firm wishes to earn 33 and 1/3rd percent profit on sales. What is the selling price of job number BB15? ii) what was the approximate value of closing work in progress at the end of the period?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter4: Job-order Costing And Overhead Application
Section: Chapter Questions
Problem 42E: Source Documents For each of the following independent situations, give the source document that...
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The following information relates to questions 10, 11 and 12. A firm makes special assemblies to customers' orders and uses job costing. The data for a period are: AA10 $ " Job Number" BB15 $ 42,790 Opening WIP Material added in period Labour for period The budgeted overheads for the period were $126,000. clear explanation asap i) Job number BB15 was completed and delivered during the period and the firm wishes to earn 33 and 1/3rd percent profit on sales. What is the selling price of job number BB15? 26,800 17,275 14,500 CC20 $ 0 3,500 0 18,500 24,600 ii) what was the approximate value of closing work in progress at the end of the period?
Transcribed Image Text:The following information relates to questions 10, 11 and 12. A firm makes special assemblies to customers' orders and uses job costing. The data for a period are: AA10 $ " Job Number" BB15 $ 42,790 Opening WIP Material added in period Labour for period The budgeted overheads for the period were $126,000. clear explanation asap i) Job number BB15 was completed and delivered during the period and the firm wishes to earn 33 and 1/3rd percent profit on sales. What is the selling price of job number BB15? 26,800 17,275 14,500 CC20 $ 0 3,500 0 18,500 24,600 ii) what was the approximate value of closing work in progress at the end of the period?
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